Means testing the State Pension

With pressure growing on the UK’s public finances, the government is focusing more closely on the cost of the State Pension. Jack Carmichael and James Jones-Tinsley examine one of the key issues that may come under consideration: whether to introduce means testing. The State Pension system is now under review as part of the recently announced revival of the Pensions Commission. With demographic and fiscal pressures continuing to build, this is likely to prompt reform and renewed debate about issues such as means testing, retirement fairness and how longevity risk is shared across society.

You'll be popular! Just not quite as popular as IG

Apocryphally, a Sultan wanted an inscription on his signet ring that would be true forever, so he tasked his wisest subjects to come up with something. They came back with “this too shall pass”. Had they worked in finance, they may have said something slightly less pithy, like “there’s a price at which anything is worth buying, it just might not be the current one”. While somewhat trite, it’s also true, and has corollaries.

When technical price and market price diverge

This is the first in a series on pricing in a softening market. Here we focus on the growing gap between technical price and market price. Later articles will dive into thoughts on judgement and governance. As rates soften across many lines in the London Market, it is worth stepping back and asking a simple question: what role should technical pricing play when the softening market is driving the price? Soft markets are not new. What feels different today is the amount of investment in pricing transformation.

AI is transforming everything. What's the deal for M&A

 

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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