Solvency II - Getting through the last mile


Barring a last minute stay of execution from The EIOPA – which appears unlikely given that the Delegated Acts were published last week– there are less than 12 months until Solvency II goes live on January 1, 2016. With much still to do, particularly around Pillar III (reporting and disclosure), the long and painstaking work over the past five years will certainly be put to the test. So, what are businesses affected by this rapidly approaching deadline facing now?

Pension Predictions & expectations for 2015

Today, more than five million people are saving into a pension for the first time and, with the requirement to purchase an annuity shortly to be removed, the pensions industry is exploring uncharted territory. In addition to the legislative changes, the country is also adjusting to an ageing population, the traditional age of retirement has been phased out and the requirement to provide a workplace pension has been phased in.

The future of UK annuities: Boom or Bust?

Immediately after the budget, the Chancellor’s announcement was widely taken to mean “no-one will buy an annuity” in the future; such as in the US – whose DC market the UK’s might end up resembling – USD 8.7 billion of “traditional” annuities were sold in 2012. This compares with USD 80 billion of variable annuities sold in the same period. It is difficult to imagine an annuity market as large as the UK’s reducing to this extent.

Jean-Jacques Henchoz on insuring the future for Europe

Latest World News

Mon, 02 Mar 2015 Trial to push for better flight tracking a year after MH370
Mon, 02 Mar 2015 Setting aside rancour over Hong Kong, China welcomes Prince William
Mon, 02 Mar 2015 Iraq launches offensive on Islamic State
Mon, 02 Mar 2015 Australia bars travel to Mosul ahead of planned offensive
Mon, 02 Mar 2015 The mysterious Mr. Ri returns, urbane survivor of North Korea purge
Mon, 02 Mar 2015 More than 30 arrested as Hong Kong anti-China protesters scuffle with police
Mon, 02 Mar 2015 Berkshire insurance 'superstar' could fill Buffett's shoes
Sun, 01 Mar 2015 Iraq says launches offensive on Islamic State north of Baghdad
Sun, 01 Mar 2015 Russians march in memory of murdered Putin critic
Sun, 01 Mar 2015 Netanyahu arrives in U.S., signs of easing of tensions over Iran speech

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's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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