The top challenges to becoming a better actuarial consultant

As the pensions world undergoes dramatic changes, with defined benefit (DB) schemes reaching maturity, the role of the actuarial consultant is changing. Trustees are now expecting actuarial consultants to perform multiple roles, be it business partner, service provider, strategic adviser or outsourced administrator.

Avoiding the pitfalls of GMP equalisation

Five months after the High Court judgment on guaranteed minimum pensions (GMP), companies and trustees are starting to get to grips with the steps needed to meet their new legal obligations. The ruling in the Lloyds Banking Group case means schemes must correct benefits built up in the 1990s to ensure equal treatment between men and women.

Statutory right or member safety

The rise of pension scams is a key concern for anyone involved in retirement planning and we naturally want to do all we can to prevent it. On top of the recently introduced cold calling ban and the FCA’s ScamSmart campaign, there have been continued calls for the removal or modification of scheme members’ statutory right to a defined benefit (DB) pension transfer, which would create an extra layer of protection but would also take away a key member option.

Use machine learning to detect insurance claims fraud

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Lifestyle Actuary

Barnett Waddingham appoints Rosie Fantom as Bulk Annuity Consultant to its Corporate Consulting team.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

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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