The annuity is dead- Long live the annuity

Many are predicting that the budget changes proposed will see the death of annuities; however I predict that it will instead lead to new innovative types of annuities being developed. Prices are also unlikely to decrease substantially due to tough regulations on capital reserves. Overall, this could make financial planning on retirement more complicated for pensioners, whilst putting more responsibility on them for getting it right.

Pensions in the Cloud

The word ‘pension’ does not normally evoke innovation, but like many other business sectors, the pensions industry is integrating technological advances to bring forth new solutions to increase efficiencies. The rapid pace of technological innovation and change offers this traditional, conservative business sector the opportunity to embrace new ways of consuming pensions administration and accounting software.

Telematics: Driving accuracy in the insurance industry

Telematics insurance is swiftly revolutionising the motor insurance industry. The car insurance sector has rarely changed since Direct Line began selling insurance directly to customers in 1985 to eliminate broker fees. This is why so much attention has been drawn to this new product that is driving the evolution of the market. Currently only 4% of UK drivers have a telematics insurance policy but this is predicted to rise extensively. The popularity of telematics has certainly increased, with the number of live policies rising from 180,000 in 2012 to 296,000 in 2013. Forecasts for 2014 suggest that the rise of new smartphone application technology will spur the growth even further.

DC governance and global best practice

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Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month Travelling Actuary Eve Hartridge takes us to Greece's very own Emerald Isle located in the heart of the Ionian Sea, Corfu.

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