U.S. regulators to take aim at variable annuities: as sellers rake in fees, retirees' investments can quickly turn sour

Article Abstract:

Variable annuities are long-term investments, and imply big money for companies and people that sell them, and very often, big drawbacks for the investors that buy them, as in most of the cases, the income is useful only for their heirs and does not serve as a source of current income. The way annuities are sold could soon become a focus of U.S. regulators, as the U.S. Securities and Exchange Commission, is in the process of setting up a risk assessment department.

United States, United States. Securities and Exchange Commission, Investment management

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Pensions Corp. wins delay on bid for Telent and Fund

Article Abstract:

Pension-buyout entity Pensions Corp. has obtained a week-long delay to its offer to acquire Telent PLC, a telecommunications firm, along with its $6.15 bil retirement fund. The UK's Pensions Regulator for the first time has used emergency powers to assign three independent trustees to the venture's board without notifying the firm first. The delay is expected to provide time for clarification of the Regulator's actions.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Strategy & planning, Acquisitions & mergers, United Kingdom, Planning, Electrical equipment and supplies industry, Electric equipment industry, Mergers, acquisitions and divestments, Company acquisition/merger, Company business planning, Telent PLC

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Germans retreat on pensions

Article Abstract:

Legislators in Germany are moderating their stance on a cross-border pension fund bill. The legislators had planned to "water down" a bill that would promote cross-border pension funds.

Germany, Pensions

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