The lenders will begin considering expected retirement income 15 years before statutory retirement age and introduce a 70% property-value limit on outstanding mortgage balances by age 85 IN BRIEFKEY TAKEAWAYSFAQs Rabobank and Obvion will change their mortgage assessment policy from … Read the full press release
Posted in Banks, Financial, Netherlands, Real Estate
Tagged De Nederlandsche Bank, financial advisers, life expectancy, loan-to-value, March 2027, mortgage assessment, mortgage policy, Mortgage policy changes at Rabobank and Obvion to affect refinancing, home moves and selected loan changes from 2027, mortgages, Netherlands, New Rabobank and Obvion mortgage rules extend retirement-income assessment window to 15 years, Obvion, property value, Rabobank, Rabobank and Obvion revise mortgage assessments to include earlier retirement-income review from 2027, Rabobank and Obvion to incorporate life expectancy into mortgage lending standards from March 2027, refinancing, retirement income, statutory retirement age
(IN BRIEF) CVC Capital Partners and Standard Life have announced a strategic joint venture to establish a new Pension Risk Transfer (PRT) platform focused on large UK corporate pension schemes, backed by a consortium including Prudential Financial Inc. and other … Read the full press release
Posted in Business, Financial, Insurance, Investment, Luxembourg, Management, United Kingdom
Tagged AIG, Andy Briggs, asset backed lending, asset-light partnership model, blue-chip investors, capital commitments, closing conditions, corporate pension schemes, Credit & Insurance strategy, CVC, CVC Capital Partners, CVC Expands Credit and Insurance Strategy Through Standard Life Partnership, CVC Marathon, defined benefit pension liabilities, direct lending, Fee Paying AUM, financial institutions, global insurers, infrastructure credit, institutional investors, insurance asset management, insurance clients, liquid credit, long-term capital, long-term liability management, New CVC-Standard Life Platform Targets UK Defined Benefit Pension De-Risking, Opportunistic Credit, origination platform, pension de risking, Pension Risk Transfer, Peter Rutland, private markets, PRT, Prudential Financial Inc., real estate credit, regulatory approvals, regulatory infrastructure, retirement income, retirement savings, Rob Lucas, sponsors, Standard Life, Standard Life and CVC Partner to Serve Large UK Corporate Pension Schemes, strategic joint venture, structured credit, transaction structuring, trustees, UK pension risk transfer market, UK pensions ecosystem, United Kingdom, £2 billion commitments, £400 million CVC commitment, €60 billion AUM
(IN BRIEF) Aviva and Age UK have launched an industry-first mid-retirement MOT pilot to help retirees manage pension savings, finances and wider later-life needs. The pilot follows research showing that only 48% of mid-retirees are confident their private pension savings … Read the full press release
Posted in Financial, Insurance, Investment, Non Profit, Society, United Kingdom
Tagged Age UK, ageing population, Aviva, Aviva and Age UK Partner to Help Retirees Navigate Later-Life Financial Decisions, Aviva and Age UK Trial New Support Model for Retirees Managing Pension Savings, Bristol, Budgeting, Defined Contribution pension, Department for Work & Pensions, estate planning, financial guidance, Fixed Income, household bills, Ignition House, later-life finances, Michele Golunska, mid-retirees, mid-retirement MOT, Mid-Retirement MOT Pilot Aims to Close Guidance Gap for Older Pension Savers, National Advice Line, Norwich, Office for National Statistics, older people, Paul Farmer, pension guidance gap, pension savings, Pensions Commission, Pensions UK Retirement Living Standards, Power of Attorney, private pension, retirement income, retirement planning, scams and fraud prevention, Sheffield, state support, York
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