Consumer Duty the art of the possible in a year

It has been just over half a year since the Consumer Duty came into force for open products. Mandated by Parliament after cross-party support, it has rapidly become our most talked about piece of regulation. By the end of July, it will have been a year since the introduction of the Consumer Duty. This is also the deadline for compliance for all closed products. And I will say more about closed products later. No one likes a looming deadline. But don’t panic.

The return of Quantitative Easing

2023 was anticipated to be a weaker year for economic growth, but it surprised many by performing better than expected. Coming into 2023, the Wall Street Journal economist survey predicted a median US recession probability of 65%. Instead of credit spreads widening (indicating an increased risk of corporate bankruptcies) as you would have expected with a looming recession, they tightened due to stronger economic activity and a lower likelihood of corporate defaults.

Risk Sharing in DC

Risk sharing is about distributing potential losses or gains among different parties. For instance, in the context of retirement planning, risk sharing may help individuals maintain a sustainable income throughout their retirement years. This is achieved by pooling resources and distributing the income among the group, rather than relying solely on individual savings. It's something that is impossible for any single member to achieve on their own, but it does have the potential to deliver significant benefits.

Divorce after 50 pensions and property

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

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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