In a pension risk transfer deal, Athene Holding will acquire about $4.9 bn in pension assets and liabilities from Lockheed Martin. But when do these deals become too much about investors and AUM and too little about pensioners? (Photo: Athene Holding CEO Jim Belardi ringing NYSE opening bell in 2016.)
What's involved in owning a rustic retirement cabin in Colorado? Time, wealth, health, gregariousness, and a passion for the natural world. And an ability to forego cellphones and Wi-Fi for long stretches.
Brighthouse has announced new 1-Year Shield Options, offering protection against the first 15% or 25% of market losses during the crediting term. In another enhancement, the maximum age for issuing the Return of Premium Death Benefit has been increased to 80 from 75.
People in motion
Stromberg served 35 years at T. Rowe Price and became CEO on January 1, 2016. Sharps joined T. Rowe Price as an equity analyst in 1997. As of December 31, 2020, T. Rowe Price had $1,470.5 billion in assets under management.
Sallus Retirement is backed by Magis Capital Partners and its CEO is former Jackson National president James Sopha. Chad Parks founded Ubiquity as "The Online 401(k)" more than 20 years ago.