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Buck and LCP comment on GMP Equalisation call to action

Buck and LCP comment on the GMP Equalisation Working Party's call to action
Posted on: Tuesday Jul 16

Comment from Aegon on the latest labour market statistics

Commenting on ONS UK Labour market stats Kate Smith, head of pensions at Aegon says:
Posted on: Tuesday Jul 16

PASA publishes GMP Equalisation call to action

The cross industry GMP Equalisation Working Group (GMPEWG), launched in January, today publishes their ‘Call to Action’. The GMPEWG is chaired by the Pensions Administration Standards Association (PASA)
Posted on: Tuesday Jul 16

DC master trusts most appropriate employer pension scheme

New research from Buck has revealed that master trusts are the most suitable defined contribution (DC) pension scheme for nearly 60% of UK employers. Master trusts have proven to be the most effective option for businesses as they look for pension schemes which meet the needs of a modern workplace whilst delegating formal responsibility for scheme management to experts outside their organisation.
Posted on: Tuesday Jul 16

IFoA Presidential Address from John Taylor

Watch the Presidential Address given by John Taylor, President of the IFoA.
Posted in: Articles
Posted on: Tuesday Jul 16

Insurers win 68 percent of commercial disputed claims

New research reveals that companies who take their insurers to court or public arbitration over non-payment of a claim only win in around one in three cases.
Posted on: Tuesday Jul 16

Stars of the Future 2019 - Nominations Now Open

Stars of the Future 2019 nominations are now open!

We are delighted to announce that nominations are now open for Stars of the Future 2019 awards, sponsored by Star Actuarial Futures. Nominations will be open for one month before short-listing and voting. Nominate your colleagues now!
Posted in: Articles
Posted on: Tuesday Jul 16

Building a 100K savings pot might be easier than you think

Analysis from pensions and investment company Aegon shows that a £100,000 savings pot could be achieved with an initial contribution of just £60 a month over forty years. This assumes that contributions rise in line with inflation at 2% and that investments grow at 5% per year before charges.
Posted on: Monday Jul 15

DWF say discount rate is hugely disappointing for insurers

The Lord Chancellor has announced the outcome of the first discount rate review under the new methodology provided for in the Civil Liability Act 2018.
Posted on: Monday Jul 15

Mazars DA survey shows Lloyds MAs struggling with resources

Mazars has published its Lloyd’s Delegated Authority Management Survey. It found that 53% of Lloyd’s Managing Agents are struggling with resources in their delegated authority (DA) teams, a worrying trend given that this figure has risen since 2017.
Posted on: Monday Jul 15

FCA proposals to extend the remit of IGCs

Aegon’s response to the FCA’s Independent Governance Committee extension of remit Consultation paper which closed to responses today.
Posted on: Monday Jul 15

Car insurance premiums see five percent annual increase

Comprehensive car insurance premiums increased by 3.5% (£27) in the second quarter of 2019, with UK motorists now paying £789 on average, some £37 more than they were paying this time last year, according to the latest Car Insurance Price Index in association with Willis Towers Watson.
Posted on: Monday Jul 15

Aon appoint new President of US Reinsurance Solutions

Aon announces that it has appointed Tim Ronda as President of its US Reinsurance Solutions business with immediate effect.
Posted on: Friday Jul 12

Jon Dye named new Chair of ABI

Jon Dye, Chief Executive, Allianz Insurance, has been named as the new Chair of the Association of British Insurers (ABI). He will serve a one-year term after which the board chair role will revert to a two-year tenure. Jon has been on the ABI Board since January 2015, chairing the ABI Audit Committee between 2016-2018. His appointment follows the resignation of Amanda Blanc last week.
Posted on: Friday Jul 12

Webinar on Building the Connected Carrier

Don’t forget to sign up for our free webinar taking place next Tuesday, July 16th 11:00 am ET to uncover the strategies and practical tools to move towards a truly connected model, merging technology and digital agility to meet customers’ demands at scale.

Join the live webinar: ‘Pave the way to true customer-centricity – Build the Connected Carrier’ on July 16th at 11:00am ET

Over 1500 executives have already registered for this free webinar. If you can’t join us live, make sure you register, and I’ll send you through the recordings.
Posted in: Articles
Posted on: Friday Jul 12

Five things Gen Xers need to be doing to boost their pension

When it comes to thinking about retirement, it’s safe to say that everyone hopes to be financially comfortable. Research from pensions advice specialists, Portafina, reveals over a quarter1 (29%) of those aged 45-54 believe their pension is not on track to even maintain the current national living wage in their retirement.
Posted on: Thursday Jul 11

Bridge the gap with ReMetrica's new IFRS 17 components

Bridge the gap between risk and finance with ReMetrica’s new IFRS 17 components. With IFRS 17 on the horizon, actuaries play a critical role in calculating and reporting insurance reserves, reinsurance recoverables and forward-looking profitability – and now is your chance to step into the limelight with ReMetrica’s new components.
Posted in: Articles
Posted on: Thursday Jul 11

Losses from June European weather events may exceed USD2bn

Aon launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2019.
Posted on: Thursday Jul 11

We will save to pay for care in old age

New research from AIG Life shows nearly half of adults would be willing to save into a special fund to pay for any care they might need in later life as the debate over how to afford the UK’s social care system intensifies.
Posted in: Life - Articles
Posted on: Thursday Jul 11

New civil partnership proposals give family finances a boost

Proposals launched by the Government could lead to a big financial boost for more than three million couples according to mutual insurer, Royal London.
Posted on: Wednesday Jul 10

Millennials most likely to want to protect their income

New research from Canada Life Group Insurance reveals that Millennials are most likely to want to protect their income. As 28% of employees aged 18-34 indicate Group Income Protection (GIP) would be the most useful protection product to support an extended career – significantly higher than the overall average (17%).
Posted on: Wednesday Jul 10

Transfer values and transfer activity stabilise over June

Transfer values fall slightly during June 2019, as the number of DB transfers over the month also fell marginally, according to XPS Transfer Watch, which monitors how market developments have affected transfer values for an example member, as well as how many members are choosing to take their transfer value.
Posted on: Wednesday Jul 10

Fear of mental and physical decline stopping people retiring

The largest global retirement survey of its kind carried out in 15 countries by international pensions and investment firm Aegon* has revealed that half of those in the UK readily see themselves delaying retirement and continuing to work beyond age 65. This compares to only one in five of workers in France (22%) who expect to still be working at this stage of life. Overshadowing both is the Netherlands where a staggering seven in ten people expecting to prolong their working life beyond 65.
Posted on: Wednesday Jul 10

Rise of the disruptors as new insurers outnumber the old

A surge of innovation means over two thirds (68%) of UK insurance firms active today were incorporated in the 21st century, outnumbering older incumbents by more than two to one according to new analysis by Policy Expert, the digital home insurer.
Posted on: Wednesday Jul 10

Forecasts of over ten percent but millennials expect more

Investors globally are exceedingly optimistic in their expectations for returns for the coming years, according to Schroders Global Investor Study 2019.
Posted on: Wednesday Jul 10

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