Private equity firms have steadily acquired U.S. life insurers and blocks of fixed annuity business and moved the blocks offshore to free up capital. This worries some people.
'Around the world, investments into private markets slowed in the first half of 2020, with only US$433.7 billion of capital raised,' said an analyst at the global analytics and consulting firm.
'CFAs “are particularly interested in full transparency on whether any affiliate of Congress or executive branch received funding,' said a CFA Institute release.
A temporary payroll tax holiday could be offset by raising the retirement age for those who choose to participate. The full retirement age for Social Security, now 67, could be increased by six months each year until it reaches 78, writes Guggenheim's chief investment officer.
Life insurers have exited, re-priced or de-emphasized their most interest rate-sensitive business lines, including individual and group annuities, the ratings firm said in a new report.