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News
Sun Life & Wilton Re Form Strategic Partnership
2+ week, 4+ day ago (469+ words) Sun Life Financial Inc. and Wilton Re have “entered into a definitive agreement to establish a strategic reinsurance and asset management partnership.” A spokesperson said, “This partnership will combine Wilton Re’s liability management expertise with Sun Life’s insurance and asset…...
People urged to check life cover linked to workplace pensions for ash shortfall
3+ week, 3+ day ago (696+ words) Death-in-service cover may not be enough to clear a mortgage or meet a family's other financial commitments. Millions of workers may have life cover provided through their employer, often as part of a workplace pension or wider employee benefits package....
Standard Life launches??2bn pension risk transfer partnership
3+ week, 3+ day ago (149+ words) Standard Life has announced the launch of a UK pension risk transfer partnership with a consortium of firms, including Goldman Sachs, with a combined initial capital commitment of up to £2bn. The UK insurer said it is partnering with CVC Capital…...
How writing a life insurance into trust can lower an IHT bill
4+ week, 2+ day ago (623+ words) Thousands of families are needlessly paying inheritance tax by structuring their estate planning the wrong way. Almost 5% of UK deaths resulted in an inheritance tax (IHT) charge in 2023/24, up 0.1% from the year before, according to the latest HMRC data, with…...
1 in 5 retirees who took lump sums ran out of money in 4.5 years, study finds
4+ week, 14+ hour ago (207+ words) We are all retirement-bound. Are you prepared? Because life after retirement should be richer than ever. Explore 'Useful Stories for Future Retirees' — content for everyone facing the years ahead. 46% regret skipping annuity as '4% withdrawal rule' loses its footing 82% opt for…...