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Core Data Record v3.3 launched supporting treaty reinsurance

The London Market Group’s (LMG) Data Council has updated the Core Data Record (CDR), introducing new data fields to accommodate treaty reinsurance business. The update was developed following a consultation which saw engagement with 68 organisations across the Lloyd’s and London markets.
Posted on: Monday May 18

Pensions Perspectives: The game changed: Think. Act. Invest

Host Harsimar Atwal chats with Dave Aleppo and Tina Kripps to explore how we need to change how we think, act and invest when it comes to DB pension schemes.
Posted in: Articles
Posted on: Monday May 18

DWP report highlights gender pensions gap

The DWP today published a new report exploring how labour market histories and life events relate to pension saving and retirement outcomes in the UK. It comes ahead of the interim Pensions Commission report that is set to be published later this week outlining its recommendations for closing the gender pensions gap and for the long-term future of the UK’s retirement system.
Posted on: Monday May 18

Six costly inheritance tax mistakes families must avoid

Thousands more families every year are being drawn into the scope of inheritance tax (IHT), a trend that will be amplified by the inclusion of unused pension assets in estates from April next year. That step is expected to draw about 31,200 more estates into the scope of IHT by 2030, and about 121,500 estates will face a surge in IHT liabilities.
Posted on: Monday May 18

Zedra appoints Dan Whincup as Client Director

Zedra has announced the appointment of Dan Whincup as Client Director. Dan, who joined the firm in April, is based in Leeds.
Posted on: Monday May 18

Emerging cyber risks in the pension sector

Dean Chapman examines rising cyber risks in UK pension schemes, highlighting why trustees must take stronger ownership of governance, resilience and oversight to protect member data and ensure robust outcomes. It has been known for some time that cyber risks are no longer simply a technical issue, confined to IT teams or outsourced service providers. For pension schemes, cyber slowly but certainly has become a board-level risk that has direct implications for member outcomes, regulator scrutiny and trustee accountability.
Posted in: Articles
Posted on: Monday May 18

Political drama collides with energy price worries

FTSE 100 on the back foot in early trades as crude prices ramp higher. Mining stocks lose ground as China data disappoints while energy giants rise as crude shoots higher again. The UK’s leadership crisis continues, with gilt investors the canaries in Labour’s coalmine. Both 10-year and 30-year gilts rise to fresh multi-decade highs. Anglo American shape shifts again, offloading its Australian steelmaking coal business.
Posted on: Monday May 18

Pensions 2030 Ready: From commitment to deployment

Pensions UK has published a new report setting out what needs to happen in practice to enable pension schemes to invest more in UK growth assets and drive good outcomes for savers.
Posted on: Monday May 18

100,000 more pensions cashed in full each year since 2018

Over 100,000 more pensions are being cashed in full today than they were seven years ago when records began, according to new analysis by TPT Retirement Solutions. Data published annually by the Financial Conduct Authority (FCA) shows that since the tax year 2018-19, the number of people cashing their pensions in full each year has increased by 29% – or by 105,038.
Posted on: Friday May 15

Longer working lives require more flexible pension support

This year, 6 April marked the date from which the state pension age started to rise to 67. Over the next two years the age will steadily rise to reach age 67 for anyone born after 5 April 1961. At the same time, the triple lock saw the amount of full state pension payable to qualifying pensioners increase to £241.30 per week, or £12,547.60 per year. While an income equivalent to the state pension might be well below what many people aspire to, it remains a valuable foundation for retirement.
Posted in: Articles
Posted on: Friday May 15

Markets in downbeat mood as China summit sparks more worry

FTSE 100 looks set to end the week on the back foot, falling in early trade. China-US summit switches focus to Taiwan, with concerns about fresh geopolitical fractures. Brent crude futures have risen, trading above $107 a barrel as hopes for a catalyst to end the conflict fizzle out. UK borrowing costs rise again with another twist in the fight for No.10 as Burnham barrels in. Pound slips, increasing expectations of further takeover deals in the UK. Private market opportunities look more attractive as more firms look set to be snapped up by bigger fish.
Posted on: Friday May 15

Premium Bonds prizes increase as odds shorten for holders

NS&I has announced that the Premium Bonds prize fund rate will increase to 3.80% from the July 2026 draw. Holders will have even more chances to win, with the odds shortening to 22,000 to 1 from 23,000 to 1. The Premium Bonds prize fund rate was reduced in April 2026 along with the odds lengthening.
Posted on: Thursday May 14

DB and hybrid schemes must get value data dashboard ready

The Pensions Regulator (TPR) has launched a regulatory initiative targeting defined benefit (DB) and hybrid pension schemes to assess how they are preparing their data ahead of connecting to dashboards, to ensure their members get accurate, up to date information.
Posted on: Thursday May 14

Without a design shift Life Insurance risks irrelevance

Life insurance was always designed around one moment: death, and for much of its history, that made perfect sense. Families were often built around a single breadwinner, life expectancy was shorter, and the financial shock of losing that person could be devastating. Life insurance met a clear and immediate need; protect the household if the worst happened. Over time, insurers strengthened the proposition by combining death benefits with tax-advantaged savings and investment products, creating a simple, stable offer that appealed to generations of customers.
Posted in: Articles
Posted on: Thursday May 14

What next for the £14bn Pension Protection Fund reserves

The Society of Pension Professionals (SPP) has published a new paper, “From Lifeboat to Legacy: What Next for the £14bn PPF Reserves?” calling for full and transparent government engagement with stakeholders, including pension scheme members, employers, trustees and advisers on the future role of the Pension Protection Fund (PPF).
Posted on: Thursday May 14

The Exeter appoints Gary Warman as Chief Financial Officer

The Exeter has today announced the appointment of Gary Warman as Chief Financial Officer. Gary, currently The Exeter’s Chief Risk Officer, will take on the role following the departure of current Chief Financial Officer Michael Payne, who is leaving the business to take up a new position with Lloyds Banking Group.
Posted on: Thursday May 14

HMRC reveals more on new rules for IHT on pensions

One of the most controversial pension tax changes in recent years has moved a step closer, with HMRC publishing a technical note this week on how pensions will fall within inheritance tax rules from April 2027.
Posted on: Thursday May 14

FTSE follows global stocks upwards as UK GDP beats forecasts

FTSE 100 extends gains. UK GDP up 0.6% in Q1, strongest in G7. Gilt yields ease slightly, Wes Streeting mulls leadership challenge. US futures rise after tech rally propels fresh highs. Brent Crude inches up to around $106 per barrel
Posted on: Thursday May 14

Millions face pension access cliff edge ahead of age 57 rule

Millions of pension savers born between 6 April 1971 and 5 April 1973 could face an unexpected two year wait to access their pension savings unless they act before 6 April 2028, according to PensionBee.
Posted on: Wednesday May 13

Car insurance rollercoaster: Is 2025 simply momentary relief

While 2025 was a welcome period of relative stability for UK motor insurance, the latest cycle is faster and more extreme – better cycle management is more critical than ever for profitability. Based on WTW’s analysis of year-end reserving data, we estimate a 70% gross (of reinsurance and commission) private car loss ratio for the 2025 accident year, up from 66% in 2024. This makes 2025 one of the better-performing accident years in the last 10 years (excluding 2020 and 2021, both of which benefitted from lower frequencies owing to COVID-19 restrictions).
Posted in: Articles
Posted on: Wednesday May 13

HMRC plot extension of the Uncertain Tax Treatment regime

HMRC is consulting on the extension to the Uncertain Tax Treatment (UTT) regime it introduced in 2022 for large businesses to private individuals and trusts if they receive a tax advantage of £5m or more. HMRC now intends to extend UTT to cover stamp duty, National Insurance, inheritance tax and capital gains tax.
Posted on: Wednesday May 13

Royal London 2nd BPA transaction for Leeds Building Society

This buy-in marks Royal London’s second BPA transaction with the pension scheme of a fellow mutual and the first with a building society. Royal London has insured the benefits of over 22,000 pension scheme members across 26 buy-in transactions to date
Posted on: Wednesday May 13

Pension scheme funding recovers in April but stays volatille

Broadstone publishes its Sirius Index April update which discloses improvements in funding for both modelled schemes. The ‘growth focused’ scheme funding more than recovered March losses, improving from 89.0% at the end of March to 91.7% at the end of April. The ‘matching focused’ scheme funding did not improve as much, but managed to reverse most of March’s losses by improving from 88.6% at the end of March to 89.7% at the end of April
Posted on: Wednesday May 13

Investors remain cautious as Trump heads to China

Equity markets in search of catalysts. Oil prices are starting to show up in earnings. UK 10-year gilts reach financial crisis levels. Copper surges to fresh all-time highs. Oil prices cool a touch, but no Middle East resolution in sight
Posted on: Wednesday May 13

Comments on latest PPF7800 Index update for April 2026

Broadstone and Gallagher comment as the aggregate surplus of the 4,838 schemes in the PPF 7800 Index reduced by £5.3 billion through April 2026, dropping back to £258.5 billion in surplus. It nonetheless remains significantly higher (+£53.3 billion) than a year ago when the aggregate funding position was £205.2 billion in surplus. The funding ratio saw a slight reduction of 0.2 percentage points to 131.2% and the number of schemes in surplus reduced by 25 to 3,790, falling to 78.3% of all schemes in the universe.
Posted on: Tuesday May 12

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