Qualified Longevity Annuity Contracts and Retirement Planning
In other words, many taxpayers purchase traditional deferred annuity products with a view toward waiting until old age to begin annuity payouts, but they always have the option of beginning payouts at an earlier date. With a longevity annuity, there is ...
Aon Hewitt announces first unwinding of a longevity swap
Aon Hewitt has announced that it has completed the first unwinding of a longevity swap. In December 2016, the PGL Pension Scheme agreed to transform the ...
What has happened to the annuity market post-pension freedoms?
In the immediate aftermath share prices of some of the UK's biggest annuity providers, such as Legal & General and Aviva, tumbled by as much as 8 per cent as it became clear those reaching retirement would no longer have to buy an annuity to fund the ...
Annuities for a secure retirement
Currently, a policy such as Jeevan Akshay VI from LIC, for a premium payment of ₹10 lakh by a 60-year-old individual provides an annuity (without return of purchase price) of ₹93,650 a year (₹7,450 monthly). For the same sum and the same age, private ...
2.76M Households Ready To Buy Annuities
Insurance News Net
The number of U.S. households likely to buy an annuity rose 3 percent to 2.76 million in 2016 compared with 2013, an analysis of the annuity market has found. In the top-three states – California, Texas and Florida – the growth in the number of ...
Pension scheme completes full buy-in, two years ahead of schedule
The Lawyer (registration)
... Kennedy and supported by fellow Director Suresh Bhatt, KPMG advisers Andrew Goddard and Adam Davis led on actuarial and buy-out matters respectively and Nick Johnson managing director of Aviva's bulk purchase annuity practice led the Aviva team.
How to choose an annuity
I would hesitate to buy lifetime annuities at current low interest rates unless you are determined to buy a secure income now at any cost and have no children to whom you wish to bequeath as much as possible. Various types are offered - for example ...
Budget 2017: government scoops £1.6bn tax from pension freedoms
But the Treasury said the amounts raised from the measure had been “far more than anticipated” as individuals took larger amounts of cash than they would have been able to purchase through an annuity, “thereby creating a higher tax liability”.
Charities' pension scheme completes buy-in with Aviva
Aviva's bulk purchase annuity practice managing director Nick Johnson said the deal showed the strength of the trustees. "We're delighted to have been chosen as the bulk purchase annuity provider for the buy-in of this scheme," he said. "This was a ...