Virgin Media – what now for pension schemes?

Amongst the headline-grabbing provisions of DC Value-For-Money, investment mandation and DB surplus release, the Pensions Scheme Act 2026 also provided the industry with a legislative response to the long-running uncertainty created by the Virgin Media ruling. The introduction of retrospective certification for certain historic benefit amendments is a welcome and pragmatic development, as is the accompanying guidance from the FRC and TPR - but it may not be a universal solution, as this article explores.

The Call for Claims Intelligence at Underwriting and FNOL

As the insurance market faces regulatory pressure to ensure that insurance products represent fair value and claims are paid efficiently, the potential for greater claims intelligence both at underwriting and point of claim, particularly First Notification of Loss (FNOL), is becoming increasingly clear. Looking first at underwriting, claims data has long been used by insurance providers to assess the likelihood of future claims and inform pricing. However, that data has been limited to the insurance provider’s own experience of claims.

TPR publishes new five year Corporate Strategy

The Pensions Regulator (TPR) has set out a clear direction for the next five years with the publication of its new Corporate Strategy, its latest Corporate Plan and a Regulatory Roadmap supporting the implementation of the government’s pensions reform agenda. Automatic enrolment has transformed retirement saving in the UK, with 23 million people now saving into a workplace pension. But the pensions system is still unfinished business with 15 million working-age people under-saving for retirement.

Accumulation alert: remembering the 2011 Thai floods

 

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.

Site Search

Exact   Any  

Latest Actuarial Jobs

Digital Magazine

LATEST EDITION - OUT NOW

Actuarial Post's Digital Magazine Issue 175
 
WITH LIFE INSURANCE AND AI, MIND THE PERFORMANCE GAP
 
Click the image above to view. Click here to receive your future copies of our monthly magazine

Author Companies

Actuarial Jobs & News Feeds

Jobs RSS News RSS