Aiming for calm seas in our market reforms

The size and scale of the UK financial sector is worth reflecting on. It employs more than 2.5 million people and produced £278bn of economic output, which is 12% of the entire UK’s economic output, contributing £100bn in tax revenue. Its importance is what fires me up every day while doing my job. So, an efficient and effective capital market underpins the success of the financial sector which is a mainstay of the UK economy.

Murder on the LPI floor

DB schemes, by and large, are in a far healthier position than they have been for over a decade. This is good news, but it also changes the challenges they face. If you have a 20% chance of failure, you might be less worried about tail events because you don’t need to be in the tail to be in trouble. Just like you might worry less about developing Alzheimer’s if you’re in a war zone; if you only have a 1% chance of failing though, it makes sense to put far more thought into mitigating black swan events.

Pension scheme cyber attacks are you prepared

The cyber threat to pension schemes specifically is increasing. The Capita data breach in 2023 is set to cost the organisation an estimated £107 million. Share prices have plummeted 54% since the attack and reputational damage has impacted both Capita and the affected schemes. That’s without even mentioning the impact on individual scheme members and those dealing with the incident. For trustees and scheme managers, it’s negligent to assume that just because nothing has happened to your scheme yet, nothing will.

Key innovations and changes impacting insurers in 2024

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


Actuarial Post's Digital Magazine Issue 149
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