The world isn't facing a series of isolated shocks. It's experiencing a structural transition and investors need to build portfolios that can thrive in The New Paradigm. Rising geopolitical uncertainty, fracturing trade alliances, inflation volatility, technological disruption and mounting pressure on active management are not isolated challenges. At WTW, we view them as interconnected symptoms of a structural shift: a transition away from neoliberal economic order towards something fundamentally different, a more transformative economic model and an increasingly mercantile world.
As a new report from the ABI and PwC UK highlights how cyber insurance can further strengthen the UK's resilience to cyber risk, the ABI has also issued new guidance to help organisations better protect themselves against escalating and evolving cyber threats.
Investors stay wary amid a surge in borrowing costs, while the latest UK retail sales snapshot shows consumers turning more cautious with volumes down 0.5% in July. US Treasury buybacks failed to quell turmoil in bond markets, with long-dated debt yields rising again. UK government borrowing highlights the challenges ahead for the Burnham administration as pressure builds for more cost-of-living support, while higher oil prices threaten to add further inflationary pressure.
Inheritance Tax (IHT) receipts in July 2026 totalled £868 million, compared to the £844 million recorded in July 2025. This follows receipts of £871 million in June 2026 and comes after a fifth consecutive record year for IHT receipts, which reached £8.5 billion in 2025/26. HMRC’s latest Capital Gains Tax (CGT) data shows receipts of £194 million for July 2026, compared to the £165 million recorded in July 2025. This follows receipts of £192 million in June 2026.The figures come after a record year for CGT receipts, which reached £22.2 billion in 2025/26, significantly surpassing the previous record of £16.9 billion in 2022/23 and the £13.7 billion recorded in 2024/25.
The Society of Pension Professionals (SPP) has welcomed the Department for Work and Pensions’ draft Regulations on surplus flexibilities for DB pension schemes, saying they provide an appropriate framework for well-funded schemes to release surplus while protecting members.
More than a quarter of Brits have already changed their holiday plans this year, but for the millions travelling this bank holiday knowing what your travel insurance covers could be the most practical antidote. Searches for 'airport anxiety' have surged 250% in the past three months, and recent research from Go.Compare suggests the worry is well founded.
M&G plc (“M&G”) announces that it has completed an £85 million Bulk Purchase Annuity (BPA) transaction, securing the pension benefits of 740 members and their dependants for the Altro Pension Scheme of Altro Limited, a UK-based manufacturing company specialising in flooring, wall cladding solutions and car care products through its Autoglym division.
The Financial Conduct Authority (FCA) is warning consumers about the risks of investing in loan notes and mini-bonds issued by unregulated companies, after continuing to see people lose money in these high-risk investments.
Treasury buyback intervention calms nerves, but debt pressures remain. FTSE 100 has a flat start as investors adopt a wait-and-see mode. Fed faces inflation risks as US jobs market weakens while energy prices remain elevated.
Actuarial Post are delighted to open our 2026 Awards by inviting nominations for Stars Of The Future 2026. You can now nominate someone for Stars of the Future 2026, sponsored by Star Actuarial Futures. It’s vital to remember that we all started somewhere and becoming an actuary is no easy feat. We relish acknowledging the emerging talent within the actuarial market and celebrate the ones to watch with our Stars of the Future Awards. All the finalists are celebrated and highlighted with three lucky winners taking home an award
Aviva research reveals 15% of drivers surveyed don’t think they need to tell their insurer of a change of address. Mistakes could leave millions of UK drivers potentially uninsured. With more than seven in ten (71%) drivers unsure about key aspects of car insurance, Aviva debunks common car insurance myths, from failing to update personal details to a change in estimated annual mileage
Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension schemes, has sealed a £58 million partial buy-in with the Institute of Chartered Accountants’ Staff Pensions Fund (the “Fund”), securing the benefits of the 375 members who were not already insured. The transaction represents around 50% of the Fund’s total liabilities.
Artificial intelligence mistakes have emerged as the biggest Professional Indemnity risk facing businesses, as new research suggests the rapid adoption of technology is fundamentally changing the professional liability landscape.
As the U.K. experiences another cycle of extreme heat during the summer months, and with sudden thunderstorms and heavy rainfall remaining a seasonal risk, LexisNexis® Risk Solutions, the data, advanced analytics and technology provider to the insurance market, has uncovered a unique picture of home insurance flood claims and flash flooding risk linked to surface water flooding, typically caused by sudden downpours in urban areas.
Matthew Ford joins Broadstone from Milliman, where he was a Principal in their London life practice, with a particular focus on pension risk transfer and capital management propositions. Prior to Milliman, Matthew gained extensive leadership experience working at both insurance firms and consultancies within the insurance market. He was a Finance Director in the Insurance and Wealth division at Lloyd’s Banking Group, led the London life practice at Willis Towers Watson and was the Actuarial Director at Prudential Assurance Company.
UK Inflation climbs back to 2.9% as higher energy bills add to the squeeze on households, while private-sector pay growth slows to 2.8%, leaving wages struggling to keep pace with prices. Middle East tensions keep markets on edge, with Brent crude hovering around $91 a barrel. Tech stocks are bearing the brunt, with sharp falls across Asian markets. The FTSE 100 has some insulation from the sell-off, thanks to its relatively light technology weighting, with the index flat at the open. Bond yields are turning up the heat, as persistent inflation worries, heavy government borrowing and swelling debt piles make investors demand greater returns for holding government debt.
With a little over two months to go until Chancellor John Healey's first Budget on Wednesday 28 October and a persistent fiscal imbalance, PensionBee has looked at the parliamentary voting records of five people who will shape it: Prime Minister Andy Burnham, Chancellor John Healey, Chief Secretary to the Treasury Emma Reynolds, Work and Pensions Secretary Pat McFadden, and Pensions Minister Torsten Bell.
We know about it, we talk about it all the time (at least in the retirement savings world!) but because of the way our brains are wired and the mental gymnastics required to really get our head around the power of compounding, the reality (cliched or not) is that we persistently undervalue its true potential. Our brains are hard wired to think in linear terms and therefore the exponential growth available with compounding does not naturally compute for us. We assume saving more later roughly compensates for saving less earlier.
Beazley Security’s Q2 2026 Quarterly Threat Report finds agentic AI reshaping vulnerability research far faster than it is changing how attackers break in. Disclosed vulnerabilities increased 36% in Q2, while confirmed exploitations in the wild only grew 10%. Compromised credentials remained the leading initial access vector, accounting for 67% of ransomware intrusions investigated by Beazley Security. Beazley Security Labs issued 40% more critical zero-day advisories to clients than in the previous quarter
Brent crude has climbed above $91 a barrel, rising for a third consecutive session amid a fresh standoff in the region. Nerves frayed after Donald Trump threatened to bomb Oman if it got in the way of efforts to reopen the Strait of Hormuz. Concerns about higher energy prices and mounting government debts push up long-dated bond yields to levels not seen since the onset of the financial crisis. The US 30Y bond yield heads above 5.32%, the highest since June 2007.
Average earnings (including bonuses) for April-June stands at 4.1%. Next month’s figure is used as part of the formula to determine the increase in the state pension, in April. Other key data points are 2.5% or the September inflation figure (published in October). With inflation at 2.6%, it seems likely that next month’s average wage figure will be used. The state pension forms the foundation of your retirement income but if you want more than the essentials from your retirement, you will need to make the most of your pensions.
Limited resources and historic data gaps could leave smaller schemes facing disproportionate operational pressure, as trustees urged to address data weaknesses ahead of public availability of the MoneyHelper Pensions Dashboard, currently expected in the financial year 2027/28.
“The FTSE 100 ticked higher at the start of the new trading week amid robust gains across Asia,” says AJ Bell head of markets Dan Coatsworth. Investors seem willing to park any concerns about the ongoing crisis in the Middle East as last week’s softer-than-anticipated inflation numbers saw fears of an imminent rate hike from the US Federal Reserve subside. Combined with strong earnings from the tech space and you’ve had the conditions necessary for a healthy pick-up in sentiment.
There are a lot of ways IRRs can be manipulated – for instance by using subscription lines – and its important investors know about these. It’s important to look under the hood of any returns before being overly impressed by a high IRR. But suppose you do all that, and you have a manager who called capital early and got invested well, the IRR reflects the returns you earned, so surely it must be telling you what you earned? Well, maybe. But maybe not, as it still has several issues. For example, if there’s any bias to selling winners early, the IRR will look higher than any returns.