2025 insured losses from natural catastrophes set to reach USD 107 billion, mainly driven by LA wildfires and severe convective storms in the US. LA wildfires costliest ever wildfire event globally with insured losses of USD 40 billion. Hurricane Melissa costliest hurricane of 2025 with estimated insured losses of up to USD 2.5 billion in otherwise benign season
UK health and life insurer The Exeter has released new research showing that nearly four in ten UK adults (39%) are living with one or more ongoing medical conditions. The findings underscore the importance of ensuring that individuals living with long-term health issues have clear pathways to protection – particularly at a time when broader concerns about access to healthcare remain.
Over 135,500 scams have been reported to HMRC since February 2025. 29,000 were scams relating to fake tax refund claims and 4,800 were self-assessment scams. HMRC are urging people to be cautious and identify scams in the lead-up to the self-assessment deadline on 31 January 2026
Just a third (33%) have spoken to their family about pensions in the last year – far fewer than those who regularly discuss household bills (48%) or inflation (41%)Almost one in three people (30%) feel uncomfortable talking about money with their family
This webinar is specifically designed to support medium and small schemes that are preparing to connect. With more limited resources and technical capabilities, the journey to connection can feel daunting and we understand the challenges you face. If you couldn’t join us live you can now catch-up on demand. TPR are joined by experts from the Pensions Dashboards Programme and the Pensions Administration Standards Association, as well as a professional trustee to discuss the current landscape and provide advice on what schemes need to do ahead of connection. The webinar concludes with a 36-minute Q&A which provided detailed answers to 21 questions put forward by the audience.
2025 - what a year that was! It has been incredibly busy in the LGPS, particularly in England and Wales, with the triennial valuations; pooling and investment proposals, four consultations at the last count (Access and Fairness, Access and Protections, Fit for the Future proposals, and Fit for the Future draft Regulations); not to mention the Pension Schemes Bill, McCloud, connection to the Dashboard infrastructure - the list goes on! But is 2026 going to be any easier?
Aon has said that its Global Pension Risk Survey 2025/26, has shown that derisking continues to be the dominant theme in the asset allocation strategies of UK defined benefit (DB) pension schemes.
Standard Life and Rathbones comment as UK CPI eases more than expected to 3.2%. Weaker economic momentum and a cooling labour market are helping to slow price growth ahead of an expected rate cut
DB Schemes that reduce climate transition plans to a simple tick box exercise are likely to increase investment risk or reduce returns, warns Hymans Robertson.
The rapid expansion of choice in the UK pet insurance market is making it harder, not easier, for consumers to understand what they are buying, according to new research from Consumer Intelligence.
Ian Bell, partner and head of pensions at RSM UK, predicts the key issues and trends that are likely to be at the forefront of the pensions sector next year, including: Digital transformation. Improved AI governance. Growth of megafunds. Record year for insurance de-risking. Pensions Commission shapes the future
Just Group has completed a £7m full scheme buy-in for the Ridsdale Pension and Death Benefit Trust, securing the benefits of 30 members - 22 pensioners and 8 deferred members.
More than 250,000 additional 60–64-year-olds are now in relative income poverty compared with 2010, as the State Pension age has risen. When the State Pension age rose from 65 to 66, the percentage of 65-year-olds in income poverty more than doubled from 10% to 24%, with further raises likely to have the same impact unless changes are made. Standard Life Centre for the Future of Retirement calls on the government to put in place policies to mitigate the negative effects of raises
A third of small and medium-sized businesses (SMEs) have cut graduate and entry-level jobs as artificial intelligence (AI) filters down to smaller businesses.
Welcome to the Actuarial Post Awards 2025 winner’s edition and we hope you enjoy reading about their responses on having won their award. The awards this year were, once again I am in danger of repeating myself every year, but they were our biggest to date in terms of engagement and votes cast across all of the categories. I would like to take this opportunity to thank our sponsors Pension Insurance Corporation (PIC), Bolton Associates and Star Actuarial Futures for supporting our awards this year.
The Pensions Regulator (TPR) is driving a transformation in how the pensions industry uses data and digital technology to deliver improved outcomes for savers. With an ambition to innovate and collaborate, Paul Neville, Executive Director of Digital, Data and Technology (DDaT) shares the latest vision, opportunities and priorities, developed through a newly established industry working group, to see schemes harness the power of technology to shape better retirements.
Commenting on the future of the pensions landscape in 2026 and reflecting on 2025, Calum Cooper, Head of Pensions Policy Innovation, Hymans Robertson, says: “Looking ahead to 2026, the UK pensions landscape is poised for significant transformation.
Over three-quarters (77%) of advisers expect an increase in workload due to pensions IHT change in April 2027. Four in ten (40%) say clients will need a review of financial plans. 57% say they need to refresh or improve their knowledge on alternative strategies. Nearly half (48%) say clients have asked about reducing or stopping pension contributions
The traditional model of derisking defined contribution (DC) pension schemes into default investment strategies is increasingly out of step with how today’s members retire, says Hymans Robertson, as it launches its first paper Building resilience in de-risking strategies for UK DC members, in the firm’s new DC Futures series.
Alongside targeted support proposals, the FCA also launched a Consultation Paper containing a package of proposals to help consumers navigate their financial lives and support growth.
Buyers have learned to normalise and move through uncertainty, supported by lower financing costs and increased confidence in future growth prospects. As we approach the close of 2025, the global mergers and acquisitions (M&A) landscape is buzzing with renewed optimism. Our latest WTW research, conducted in partnership with the M&A Research Centre at Bayes Business School, reveals that dealmakers have significantly outclassed companies not involved in M&A during the first nine months of this year, based on share price performance.
The FCA has fined Nationwide Building Society £44m for inadequate anti-financial crime systems and controls between October 2016 to July 2021. During this period, Nationwide had ineffective systems for keeping up-to-date due diligence and risk assessments for all its personal current account customers and for monitoring their transactions.