What went wrong at British Steel


On 22 January Caroline Rookes published the results of an independent review into the “Time to Choose” exercise carried out by Tata and British Steel, at the request of the Work and Pensions Committee (WPC).First of all, it is worth saying that over 80% of members took the active and positive decision to transfer to the new scheme provided by Tata, British Steel Pension Scheme 2 (BSPS2).

Current Progress in Connected Claims Investment

Welcome to the second piece in our series about Connected Claims transformation. For this report, Insurance Nexus surveyed and interviewed over 600 executives from the insurance sector worldwide to find out how the industry views the challenge of creating a connected ecosystem within claims, where the challenges lie and what expectations are in the near to long-term.

Government fires starting pistol for collective DC schemes

The Department for Work and Pensions (DWP) published a consultation on implementing collective defined contribution (CDC) schemes which closed on 16 January. This came following a request from Royal Mail for UK legislation to be amended to allow CDC schemes. Unlike traditional pure defined contribution (DC) schemes, where the member bears the bulk of the risks, and defined benefit (DB) schemes, where the employer takes on the risks, CDC schemes allow risks to be shared between members.

Machine intelligence influence on risk

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Lifestyle Actuary

Barnett Waddingham appoints Rosie Fantom as Bulk Annuity Consultant to its Corporate Consulting team.

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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