Tag: Pensions

Annuity Market Growth: Record Sales Amid Legal Challenges

Discover the booming annuity market with record sales despite legal hurdles and regulatory challenges. Learn about industry growth and compliance issues.

GM Pension Loss Highlights Retirement Security Risks for Auto Workers

Former GM worker Ed Bambas lost his pension after the 2009 bankruptcy, highlighting risks in retirement security for auto industry employees. A viral fundraising campaign later secured his financial future.

Consumer Advocate Highlights Risk of Unclaimed Benefits in Life Insurance and Annuities

A consumer advocate warns state insurance regulators about the risk that life insurance policies, pensions, and annuity benefits may go unclaimed, posing challenges for providers and regulators.

Arthur J. Gallagher & Co. Acquires UK Pension Consultant First Actuarial

Arthur J. Gallagher & Co. strengthens UK pension and employee benefits services with acquisition of First Actuarial, expanding its global insurance consultancy footprint.

Allianz Maintains Stable Interest Rates for German Life Insurance in 2024

Allianz to keep total interest rates stable for German life insurance policies in 2024, signaling financial stability amid recovery from low rate era. Insights on guaranteed interest and profit participation.

PRA Reviews FundedRe Regulatory Treatment Amid Market and Risk Concerns

The PRA is assessing FundedRe transactions' regulatory treatment to address risk underestimation and market competitiveness in the UK insurance sector.

Price Forbes Re Appoints Isaac Sanday to Lead Life, Pensions & Annuities

Price Forbes Re appoints Isaac Sanday as global head of Life, Pensions & Annuities to lead expansion in reinsurance broking services across global markets.

US Bancorp Retirees Lose Class Action Bid Over Pension Calculations

US Bancorp retirees face a setback in their class action suit regarding pension calculations, as the court denies certification due to complex pension formats.

Social Security Fairness Act Increases Benefits for Millions

The Social Security Fairness Act increases benefits for millions by repealing provisions that previously reduced payments for certain retirees. Learn how this impacts you.