Life insurance

HSBC Continental Europe: 2023 Annual and Second Half Results

Retrieved on: 
Wednesday, February 21, 2024

On 20 February 2024, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the bank’s consolidated financial statements for 2023.

Key Points: 
  • On 20 February 2024, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the bank’s consolidated financial statements for 2023.
  • The consolidated balance sheet of HSBC Continental Europe showed total assets of €283bn at 31 December 2023, compared to €279bn at 31 December 2022.
  • At 31 December 2023, HSBC Continental Europe reported an average liquidity coverage ratio (LCR)5 of 158% and an average net stable funding ratio (NSFR)6 of 141%.
  • The increase was driven by the full year consolidation of the financial results of HSBC Germany and HSBC Malta.

First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.10 Per Share for March

Retrieved on: 
Tuesday, February 20, 2024

First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on March 15, 2024, to shareholders of record as of March 4, 2024.

Key Points: 
  • First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on March 15, 2024, to shareholders of record as of March 4, 2024.
  • Under the Plan, the Fund intends to continue to pay a recurring monthly distribution that reflects the distributable cash flow of the Fund.
  • This distribution will consist of net investment income earned by the Fund and return of capital and may also consist of net short-term realized capital gains.
  • The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector.

Velotric and Oyster Partner to Deliver Seamless Bike Insurance for Customers

Retrieved on: 
Friday, March 8, 2024

NEW YORK, March 8, 2024 /PRNewswire/ -- Velotric, a fast-growing premium ebike company, has partnered with Oyster to provide seamless bike insurance to customers at the point of purchase.

Key Points: 
  • NEW YORK, March 8, 2024 /PRNewswire/ -- Velotric, a fast-growing premium ebike company, has partnered with Oyster to provide seamless bike insurance to customers at the point of purchase.
  • This partnership empowers Velotric to provide a differentiated experience and peace of mind when customers purchase premium ebikes through their eCommerce channel, fostering long-term customer relationships through insurance products.
  • "We're thrilled to partner with Velotric, whose team is known for delivering high-quality bike products and a superior customer experience," said Vic Yeh, CEO of Oyster.
  • In addition to empowering Velotric customers to obtain insurance, the Oyster platform also allows Velotric to provide a cohesive insurance program for their bike dealers across the U.S., benefiting both the dealers' businesses and customers, and ultimately elevating a secure and safe brand.

Son of Late Flint City Councilman Eric B. Mays Files Lawsuit Regarding the Handling of His Remains, Alleging Funeral Home and His Siblings Are Holding His Body Hostage

Retrieved on: 
Monday, March 4, 2024

FLINT, Mich., March 4, 2024 /PRNewswire-PRWeb/ -- Eric HaKeem Deontaye Mays, the son and only next-of-kin of the late Flint City Councilman Eric B. Mays, filed a lawsuit today in the 7th Judicial Circuit Court for Genesee County, Michigan, alleging violations of Michigan law, fraud, and conspiracy by the Lawrence E. Moon Funeral Home and four siblings of the late Councilman in connection with the handling of his remains.

Key Points: 
  • Lawsuit filed by Eric HaKeem Deontaye Mays, the son and only next-of-kin of the late Flint City Councilman Eric B. Mays, alleges fraud, conspiracy, and unjust enrichment in connection with the handling of the late Councilman's remains.
  • FLINT, Mich., March 4, 2024 /PRNewswire-PRWeb/ -- Eric HaKeem Deontaye Mays, the son and only next-of-kin of the late Flint City Councilman Eric B. Mays, filed a lawsuit today in the 7th Judicial Circuit Court for Genesee County, Michigan, alleging violations of Michigan law, fraud, and conspiracy by the Lawrence E. Moon Funeral Home and four siblings of the late Councilman in connection with the handling of his remains.
  • "As we allege in this lawsuit, the Moon Funeral Home is disrespecting the life and legacy of the late Flint City Councilman Eric B. Mays by holding his body hostage and refusing to turn it over to his son .
  • The lawsuit seeks, among other things, (i) an order enjoining the Lawrence E. Moon Funeral Home from proceeding with any funeral plans or arrangements planned by anyone other than Eric HaKeem Deontaye Mays, and (ii) an order compelling the funeral home to release the late Councilman's body to the funeral home of Mr. Mays' choice.

TIAA Traditional Interest Rates Remain High

Retrieved on: 
Monday, March 4, 2024

NEW YORK, March 4, 2024 /PRNewswire/ -- TIAA is continuing to offer competitive interest rates on TIAA Traditional, enhancing the retirement security for over two million Americans who are accumulating savings through the company's flagship fixed annuity product.

Key Points: 
  • NEW YORK, March 4, 2024 /PRNewswire/ -- TIAA is continuing to offer competitive interest rates on TIAA Traditional , enhancing the retirement security for over two million Americans who are accumulating savings through the company's flagship fixed annuity product.
  • TIAA Traditional can help offset longevity risk by offering:
    Guaranteed Growth and Income:iTIAA Traditional provides guaranteed growth as participants save for retirement.
  • Additional Amounts:v Along with guaranteed growth and income benefits, TIAA Traditional offers the opportunity to receive additional interest and income.
  • TIAA Loyalty Bonus(SM):vi TIAA Traditional also offers a unique opportunity for a TIAA Loyalty Bonus that rewards long-term participants with additional higher amounts of income when they choose to receive retirement income benefits.

Former Head of TurboTax and PayPal Bill Harris Releases Investment Tax Guide

Retrieved on: 
Thursday, February 29, 2024

MIAMI, Feb. 29, 2024 /PRNewswire/ -- Bill Harris, the former head of TurboTax and co-founding CEO of PayPal, released Investment Tax Guide: How to Slash Your Taxes, which offers strategies to reduce the taxes individuals pay on investments.

Key Points: 
  • Timed to the peak of tax season, the book emphasizes tax strategies that maximize the income individuals keep
    MIAMI, Feb. 29, 2024 /PRNewswire/ -- Bill Harris, the former head of TurboTax and co-founding CEO of PayPal, released Investment Tax Guide: How to Slash Your Taxes, which offers strategies to reduce the taxes individuals pay on investments.
  • The Investment Tax Guide demystifies these tactics, allowing more taxpayers to implement strategies that can substantially boost their bottom line.
  • "Tax is the single most important driver of investment performance, yet it is usually unappreciated or ignored," said Harris.
  • In the book, Harris outlines the Top Ten Tax Strategies to reduce the taxes on your investments, from tax loss harvesting to donor advised funds.

AuguStar Life Launches 20-Pay Option with Innovative Indexed Whole Life Product

Retrieved on: 
Wednesday, February 28, 2024

CINCINNATI , Feb. 28, 2024 /PRNewswire/ -- AuguStarSM Life, a Constellation company, today announces the launch of its 20-pay Prestige Indexed Whole Life insurance, further expanding its indexed life insurance portfolio.

Key Points: 
  • CINCINNATI , Feb. 28, 2024 /PRNewswire/ -- AuguStarSM Life, a Constellation company, today announces the launch of its 20-pay Prestige Indexed Whole Life insurance, further expanding its indexed life insurance portfolio.
  • This product lineup provides guarantees that you find in whole life with the performance potential of indexed life insurance.
  • AuguStar Life remains committed to expanding its life insurance business and leveraging its success with indexed life insurance products.
  • AuguStar Life's commitment to growth and innovation in the life insurance industry is further exemplified by the launch of the 20-pay Prestige Indexed Whole Life insurance.

Slice Emerges from Stealth with $7 Million Seed Funding to Automate Global Equity Management with AI-powered Compliance and Tax Monitor

Retrieved on: 
Wednesday, February 28, 2024

WILMINGTON, Del. and TEL AVIV, Israel, Feb. 28, 2024 /PRNewswire/ -- Slice, the only global equity platform utilizing AI for continuous compliance, announced today it has emerged from stealth with a $7 million seed funding round led by TLV Partners, with participation from R-Squared Ventures, Jibe Ventures, leading international law firms Wilson Sonsini, Fenwick & West and notable angel investors.

Key Points: 
  • Workforces have become truly global , and as the job market becomes more competitive, equity makes up a significant part of the talent compensation package.
  • The AI-powered platform automatically ensures that all global equity operations are compliant and tax-optimized to maximize and protect the benefits of equity plans, both for employers and employees.
  • Slice is the first to apply LLMs to the world of equity compliance, enabling its pre-trained platform to quickly learn and apply country-specific tax codes and regulations that impact equity awards.
  • We firmly believe they will quickly be able to deliver a new standard for global equity management and compliance."

Viking Therapeutics Announces Proposed Public Offering of Common Stock

Retrieved on: 
Tuesday, February 27, 2024

SAN DIEGO, Feb. 27, 2024 /PRNewswire/ -- Viking Therapeutics, Inc. ("Viking") (Nasdaq: VKTX), a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders, today announced that it has commenced an underwritten public offering of $350.0 million of shares of its common stock.

Key Points: 
  • SAN DIEGO, Feb. 27, 2024 /PRNewswire/ -- Viking Therapeutics, Inc. ("Viking") (Nasdaq: VKTX), a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders, today announced that it has commenced an underwritten public offering of $350.0 million of shares of its common stock.
  • Viking also intends to grant the underwriters a 30-day option to purchase up to an additional $52.5 million of shares of its common stock.
  • All of the shares of common stock to be sold in the proposed offering are to be sold by Viking.
  • The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

The Great Wealth Transfer Starts with the Great Wealth Talk, Edward Jones Research Finds

Retrieved on: 
Tuesday, February 27, 2024

ST. LOUIS, Feb. 27, 2024 /PRNewswire/ -- More than a third of Americans (35%) do not plan on discussing transfer of wealth with their families, according to new research from Edward Jones. In partnership with NEXT360 Partners and Morning Consult, Edward Jones set out to understand Americans' perceptions of generational wealth and their plans to inherit or pass on wealth, inclusive of not only money and other assets but also values and the importance of health, family, and purpose.

Key Points: 
  • "We know it can be extremely uncomfortable and nearly impossible to separate emotions from the financial decisions necessary when planning inheritance and wealth transfer , particularly as givers navigate family priorities beyond finances," said Lena Haas, Head of Wealth Management Advice and Solutions at Edward Jones.
  • Given this, the great wealth transfer will not necessarily be the same for everyone.
  • "With people living longer, the wealth transfer conversation needs to be a dynamic, ongoing dialogue.
  • "Our research found that there are a lot of assumptions about inheritance, but limited effort to clarify through a discussion.