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U.K. Insurers Eye Bulk Annuity Boost After Budget Blow
Reuters Link to more items from this source
May 6, 2014
"Insurers hit by a UK government shake-up of pension rules are set to make up some of their lost business by ramping up the number of retirement deals they sell to companies rather than individuals.... While companies can write a derivative contract to remove their exposure to the old-age concern in a so-called longevity swap, insurers will be hoping they opt for the bulk annuity deals, which are more profitable and give the insurer all the assets upfront to invest."

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