Sales of pension annuity contracts increased by 24 per cent in 2024 to 89,600, surpassing last year’s total and reaching a new ten-year high, figures from the Association of British Insurers (ABI) hav ...

In another courtroom battle between the Department of Labor and the retirement industry, three big employer groups are ...

The National Insurance Commission has issued fresh regulations on annuity businesses ... for a Qualified Actuary from an external actuarial firm to take on the ALM responsibility on its behalf ...

The National Insurance Commission has issued fresh regulations on annuity business with effect from February 1, 2025, in a bid to sanitise that segment of the market. An annuity is a contract between ...

A fixed annuity is a long-term investment that provides a predictable income stream. Offered by insurance companies, banks and other financial institutions, it guarantees a fixed interest rate and ...

it released a circular outlining additional regulatory requirements for life insurance companies carrying on annuity business ... Actuary from an external actuarial firm to take on the ALM ...

Drawing a pension from a living annuity in retirement needs to be carefully managed ... can severely affect the sustainability of your investment. Actuarial modelling has produced drawdown strategies ...

Franklin, who selected the qualified joint survivor annuity (QJSA ... The University altered its actuarial equivalency formulas July 1, 2023, meaning that participants who began receiving ...

(3) Discounting and accumulating a series of cashflows using actuarial annuity functions such as annuity certain (payable in advance, in arrears, continuously), plus increasing and deferred annuities.