After 10 years of preparation, the European Union has created Pan European Personal Pension plans (PEPPs). These will be available to any EU-country citizen working in any EU country. But who will offer them?
'We prefer to take risk in equities over credit in the inflationary backdrop because we expect real—or inflation-adjusted—yields to stay historically low,' write BlackRock analysts.
Equitable to buy CarVal, a $14.3bn alt-assets manager; Life/annuity industry capital and surplus at year-end 2021: $444.5 bn; HealthView Services reports on rising medical costs; PBCG licenses insurer data on pension risk transfers; PCN to distribute Jackson National fee-based annuities; Bermuda annuities firm under scrutiny from plaintiff’s attorney; Lincoln Financial promotes Darrel Tedrow, Jim Tierney.
Ali Khawar, the acting head of the DOL's Employee Benefit Security Administration, spoke at an American Academy of Actuaries webinar. To learn about EBSA’s initiatives, we tuned in.
Five providers control 79% of the target-date market: Vanguard, Fidelity, BlackRock, State Street, and American Funds, according to Morningstar's 2022 Target-Date Strategy Landscape report.