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Quoted home insurance rose over 10 percent in the past year

Quoted premiums are down 2.2% in the past three months. Quoted prices rise the most in Scotland at 14.9% and the least in the West Midlands at 4.0%.
Posted on: Friday Jan 24

Wealth and Assets survey shows inequal wealth distribution

The ONS Wealth & Assets Survey published shines a light on the wealth of the nation’s finances. It shows that the median household wealth in Great Britain was £293,700 in 2020-2022 with a sharp split between the top and bottoms deciles and across regions.
Posted on: Friday Jan 24

Isio completes full buyin for Rockwool Pension Scheme

Isio has successfully led a £53 million full scheme buy-in transaction for ROCKWOOL Limited Pension Scheme. The transaction was led by Isio working alongside the scheme’s Professional Corporate Sole Trustee IGG, legal advisor Eversheds, and Royal London. Isio provided brokering, actuarial, administration, and investment advice to bring the deal to completion.
Posted on: Friday Jan 24

What is in store for Fiduciary Management and OCIO in 2025


It struck me this week that 2025 is a landmark year, one which will kick off ‘Quarter 2’ of the 21st Century. In this article, we look ahead to what could be in store for defined benefit (DB) pension scheme investing this year, specifically outsourced investment arrangements such as Fiduciary Management (FM) and Outsourced Chief Investment Officer (OCIO). Here are some major themes we expect to see in DB pensions over the next twelve months.
Posted in: Articles
Posted on: Friday Jan 24

Estimated losses for Palisades and Eaton fires up to USD35bn

Verisk Estimates Industry Insured Losses for the Palisades and Eaton Fires Will Fall Between USD 28 Billion and USD 35 Billion. This estimate includes losses due to fire and is inclusive of losses to the California Fair Plan
Posted on: Thursday Jan 23

DB Trustees must not ignore net zero goals on endgame path

DB Pensions scheme trustees must not forego their climate and net zero responsibilities when moving towards the final stages of their endgame journey warns Hymans Robertson as it releases its latest ‘Excellence in Endgame’ paper.
Posted on: Thursday Jan 23

Top 10 Cyber Incidents of 2024

Tokio Marine HCC International’s fifth annual Top 10 Cyber Incidents report highlights the CrowdStrike outage as one of the most significant cyber incidents of the year. Weaknesses in widely used cloud platforms and enterprise software solutions proved a highly significant factor throughout 2024, linked to 70% of the incidents on the list. The report also highlights the systemic risk posed by the ongoing consolidation of cloud service providers, a market now dominated by Amazon and Microsoft, which possess a combined 62% market share
Posted on: Thursday Jan 23

DB Transfer Values end 2024 at lowest month end since 2018

XPS Group’s Transfer Value Index remained relatively stable throughout most of 2024, but saw a significant decline in the final quarter, culminating in its lowest month-end value by December.
Posted on: Thursday Jan 23

Climate Risk insurability is key to economic resilience

Annual report reveals 60 percent of economic damage caused by catastrophes in 2024 was uninsured. Insured losses reached $145 billion globally – the sixth costliest year on record.
Posted on: Thursday Jan 23

Japan insurance industry to surpass USD470 billion by 2029

Japan's insurance industry is projected to grow at a compound annual growth rate (CAGR) of 3.9% from JPY54.3 trillion ($386.7 billion) in 2025 to JPY63.4 trillion ($470.3 billion) by 2029, according to GlobalData
Posted on: Wednesday Jan 22

Victory in 10 year fight to end over taxed pensions scandal

An HMRC system which has over-taxed pensioners to the tune of £1.3 billion since 2015 is finally set to be overhauled following years of campaigning.
Posted on: Wednesday Jan 22

IPT receipts hit almost GBP7bn in Q1 to Q3 of 2024 to 2025

According to this morning’s HMRC data, Insurance Premium Tax (IPT) receipts reached £53 million in December 2024, bringing the Q3 (Oct-Dec) total for the 2024/25 financial year to £2.2 billion. This exceeds last year’s Q3 total (£2.1 billion) by 5% or £101 million.
Posted in: Life - Articles
Posted on: Wednesday Jan 22

Comments as IHT raises over GBP6bn in just 9 months

Just Group, comment on HMRC’s latest update on Inheritance Tax (“IHT”) receipts that show £6.3 billion was collected through the first three quarters of the 2024/25 Financial Year – an 11% increase on the £5.7 billion received in the same period in the previous year. Receipts totalled £620 million in December 2024, an increase of 13% on the £547 million collected in December 2023. Rising asset prices, frozen thresholds – which were extended by a further two years in the Budget – and additional policy reforms to the IHT regime are expected to continue delivering further increases in the IHT-take for the Treasury.
Posted on: Wednesday Jan 22

Aegon appoints Antonia Balaam as Head of Master Trust

Aegon is pleased to announce the appointment of Antonia Balaam as the pension provider’s Head of Master Trust, a newly created position within the company.
Posted on: Wednesday Jan 22

Increase in bond yields reduces DB scheme liability values

As of 31 December 2024, FTSE350 DB pension scheme sponsors could unlock £47bn of economic value via surplus refunds, according to DB End Gauge analysis from Barnett Waddingham (BW).
Posted on: Wednesday Jan 22

Navigating a complex threat landscape terrorism trends 2025

This article delves into the key trends expected to shape the global terrorism threat landscape in 2025. The global terrorism landscape is becoming increasingly complex, shaped by a multitude of factors. From the enduring ideologies that drive terrorist groups, to the growing risk posed by state - sponsored aggression and lone-actor extremists, the breath and scope of these threats are continuously shifting. Against this backdrop, this article delves into the key trends expected to shape the global terrorism threat landscape in 2025.
Posted in: Articles
Posted on: Wednesday Jan 22

DWP holds AE thresholds with GBP90bn of pensions expected

The DWP has issued its review of the Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2025/26, retaining all three thresholds at their 2024/25 level.
DWP holds auto-enrolment thresholds with £90 billion of pension contributions expected in 2025/26
Posted on: Tuesday Jan 21

Technology transforming insurance from AI to Cyber Risk

The insurance industry is undergoing a significant transformation, driven by rapid advancements in technology. From property and casualty to life insurance, the role of digital solutions has never been more important. Today, it’s almost impossible to imagine a successful, compliant insurance business without technology at its core. But how exactly is technology reshaping the insurance landscape? And what does it mean for the future of actuarial work, AI, and cyber risk?
Posted in: Articles
Posted on: Tuesday Jan 21

Holidaymakers delay medical treatment until after their trip

16% of holidaymakers admit they’ve previously injured themselves or fallen ill abroad, but waited to seek medical assistance once they were home. 13% confirm this is due to not purchasing travel insurance. To help ensure Brits stay protected, Tesco Insurance is offering holidaymakers with a Tesco Clubcard 20% off their annual multi trip policies until 31st January
Posted in: Life - Articles
Posted on: Tuesday Jan 21

4 ways completing a tax return can help boost your pension

Missing the Self-Assessment deadline not only risks a penalty for late filing but could cost individuals hundreds, if not thousands of pounds in unclaimed tax relief, according to PensionBee.
Posted on: Tuesday Jan 21

LA wildfires expose insurance crisis

Following the recent devastation caused by wildfires in Los Angeles, which have resulted in billions of dollars in damage; Ben Carey-Evans, Senior Insurance Analyst at GlobalData, said:
Posted on: Tuesday Jan 21

The long and winding road

Standard Life customer research finds pensions only a top three priority between age 50 and 59. Saving towards homeownership dominates for younger groups. Debt, day-to-day finances, and kids the focus for those 35-49. Savers in their 40’s risk falling in a pension gap, but have time to recover
Posted on: Monday Jan 20

Schroders receive FM mandate from RNIB Retirements Scheme

Schroders Solutions today announces it has been awarded a £170 million Fiduciary Management (FM) mandate by the Royal National Institute of Blind People’s (RNIB) Retirement Benefits Scheme, following an open and competitive tender process.
Posted on: Monday Jan 20

Pensions must be used for income rather than wealth transfer

Broadstone supports the Government’s aim to ensure that pensions are used for the primary purpose of providing an income for the member. But holds concerns around the value and control of lump sums from DB schemes and death in service policies in the proposals
Posted on: Monday Jan 20

LIIBA publish their 2025 agenda

A groundbreaking project to quantify the monetary value of London’s brokers to the global economy is at the centre of LIIBA’s newly published agenda for 2025.
Posted on: Monday Jan 20

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