Investments

  • Prudential Financial To Sell $31B PALAC Block Of Legacy Variable Annuities To Fortitude Re
    Prudential Financial To Sell $31B PALAC Block Of Legacy Variable Annuities To Fortitude Re

    De-risking transaction for 17% of Prudential’s annuity block advances transformation strategy by reducing exposure to traditional variable annuities with guaranteed living benefits and capital markets sensitivity

    Prudential Financial, Inc. (“Prudential”) (NYSE: PRU) and Fortitude Group Holdings, LLC, the parent company of Bermuda’s largest multi-line reinsurer (“Fortitude Re”), today announced that they have entered into a definitive agreement under which Prudential will sell a portion of its in-force legacy variable annuity block to Fortitude Re for a total transaction value of $2.2…
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  • Apella Capital To Establish Partnership With Wealth Partners Capital Group
    Apella Capital To Establish Partnership With Wealth Partners Capital Group

    Connecticut-based RIA will receive investment to fuel acquisition-based growth

    Apella Capital LLC (“Apella”), a Connecticut-based registered investment adviser (“RIA”), has entered into an agreement to form a strategic partnership to accelerate its growth through acquisition and tap into industry expertise. Apella is pleased to announce that it will receive a minority investment from Wealth Partners Capital Group (“WPCG”), a financial services holding company.
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  • Middle Income Malaise
    Middle Income Malaise

    From the gas pump to groceries, consumers are experiencing higher prices

    Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the U.S. and Canada, is releasing its latest quarterly Middle-Income Financial Security Monitor – a national survey of middle-income families measuring their financial situation.
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  • Corporate Tax Rate Report
    Corporate Tax Rate Report

    Which companies are paying the highest, and lowest?

    With President Biden’s American Jobs Plan proposing increasing the corporate tax rate to 28%, the personal-finance website WalletHub today released its latest Corporate Tax Rate Report and expert commentary. The report provides an in-depth analysis of the 2020 federal, state and international tax rates paid by the S&P 100 companies, the largest and most established…
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  • Securian Financial & Securian Asset Management Sign Principles For Responsible Investment
    Securian Financial & Securian Asset Management Sign Principles For Responsible Investment

    PRI signatories are committed to including environmental, social and governance (ESG) factors in their investment decision making and ownership

    Furthering their commitment to secure a sustainable future, Securian Financial and its subsidiary, Securian Asset Management, have signed the United Nations-supported Principles for Responsible Investment (PRI).
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  • Digital Asset Investment Products Gaining Favor Among U.S. & European Institutional Investors
    Digital Asset Investment Products Gaining Favor Among U.S. & European Institutional Investors

    U.S. and European interest in digital asset investment products increased 12 percentage points year-over-year

    The majority (84%) of U.S. and European institutional investors are interested in purchasing institutional investment products that hold digital assets, and in the U.S., investors favor accessing these products through traditional financial firms, according to new insights from Fidelity Digital Assets’ 2021 Institutional Investor Digital Assets Study.
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  • Good Tidings For Retailers
    Good Tidings For Retailers

    U.S. holiday retail sales may grow 7.4%* in 2021

    Consumers and brands alike are gearing up for what’s anticipated to be the most wonderful holiday retail season on record. According to Mastercard SpendingPulse™, which measures overall retail sales across all payment types including cash and check, this holiday season U.S. retail sales are anticipated to grow 7.4% excluding automotive and gas.
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  • Market Forecast Calls For Global Economy To Grow By 2.9%
    Market Forecast Calls For Global Economy To Grow By 2.9%

    Low interest rates will foster positive but low returns

    The global economy will experience annualized real growth of 2.9% over the next five years, along with annualized inflation of 1.7% in developed markets, according to Northern Trust’s Capital Market Assumptions Report, which is a five-year outlook.
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  • VanEck Launches New Active Municipal Bond ETF (SMI) Focusing On Sustainable Development
    VanEck Launches New Active Municipal Bond ETF (SMI) Focusing On Sustainable Development

    Providing investors the opportunity to pursue tax-exempt income with impact (ESG, SDGs, and Climate Action)

    VanEck today announced the launch of the VanEck HIP Sustainable Muni ETF (CBOE: SMI), the first ETF designed to offer exposure to investment-grade municipal debt securities that focus on sustainability as well as positive social, environmental and economic outcomes or mission accomplishment.
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  • 2022 MDRT Executive Committee Drives Comprehensive Support For Financial Services
    2022 MDRT Executive Committee Drives Comprehensive Support For Financial Services

    Empowering new levels of success

    The 2022 MDRT Executive Committee ushers in an integrated approach to supporting the financial services profession, as Randy Scritchfield, CFP, LUTCF takes his place as 96th President and Carol Kheng, ChFC, joins as Secretary. The Executive Committee will empower financial services professionals to redefine the limits of success, equipping them to rise, excel and lead…
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  • Target: Middle Market
    Target: Middle Market

    Life insurers are looking for big things in small packages

    The pandemic brought about some positive changes for life insurers, according to Sean Conrad, a vice president, actuary at Hannover Re. Lockdowns pushed the industry to step up its plans for automated efficiencies in underwriting and direct sales, he said. The result was uncovering a path to new customers—those who want term policies and a…
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  • Economic Optimism Dives 9.5%, Returning To Negative Territory For The First Time Since December 2020
    Economic Optimism Dives 9.5%, Returning To Negative Territory For The First Time Since December 2020

    Presidential Leadership and National Outlook Indexes fall by double digits

    The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, dropped for the third consecutive month. The September index fell 9.5%, moving from 53.6 in August to 48.5 this month.
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  • Eight “Rules” For Divesting Private Equity Funds
    Eight “Rules” For Divesting Private Equity Funds

    How can investors avoid common pitfalls?

    NYPPEX, one of the world's leading providers of secondary private equity liquidity, today announced eight principles for qualified investors to better achieve their objectives when divesting private equity funds worldwide.
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