The Prudential Regulation Authority’s speech today to AIRMIC on the forthcoming UK captive insurance regime provides greater clarity on how the framework will operate in practice, reinforcing confidence among potential market participants ahead of formal consultation.
Next Tuesday (23 June) marks 10 years since the UK voted to leave the European Union (EU). The pound fell in the aftermath of the vote – pushing up the cost of travel. The falling pound fed into higher inflation, exacerbated by trade frictions. Sluggish economic growth and a slowdown in spending prompted lower interest rates – hitting savers. However, more recently, the pandemic effect has eclipsed the impact of Brexit
Member mortality is one of the key considerations of LGPS funding. Pension benefits are paid for life, so how long members are expected to live has a direct and material impact on the value of benefits promised by LGPS funds. Longevity risk – the risk that members live longer than assumed – is therefore one of the most significant risks LGPS funds must manage. Getting these assumptions right matters not only for long-term funding strategy, but also for the contributions paid by employers and for the liabilities disclosed in employer accounting.
Nearly a quarter (23%) of Gen Z adults say they’re not focused on saving for retirement because they expect to inherit money or property. This comes as one in seven parents (15%) plan to prioritise enjoying their money today over passing on wealth to children down the line. With upcoming policy changes bringing pensions into the scope of inheritance tax from 2027, three in 10 parents (29%) say this will impact how they plan to use their pension in retirement. Standard Life shares tips to help people build their own retirement savings, rather than relying on inheritance
With the Pensions Dashboard connection for all in-scope UK pension schemes and providers due by the final statutory deadline of 31 October this year, the pensions experts at Everywhen today reveal that 80% of employers still know little or nothing about it.
Accenture has released new global consumer research suggesting AI is starting to reshape how people research, compare and manage home and motor insurance, with implications for insurers, brokers and price comparison websites.
G7 summit gets underway, with details of the Iran deal set to be in focus. Brent crude remains hovering around $82 a barrel as nations mull conditions for shipping through the Strait of Hormuz. Japan raises interest rates to a 31-year high amid inflationary pressures. Nikkei rallies higher as the move was widely expected and there is relief that a larger hike was not imposed. Defence sector in focus as Europe’s military policy amid the Ukraine conflict is set to be in focus at the G7 summit.
Ben Gunnee appointed to the Board as TPR’s Executive Director, Market OversightTracey McDermott and Chris Hitchen join the Board as Non-Executive Directors. Three new appointments have been made by the Department for Work and Pensions to the Board of The Pensions Regulator (TPR).
Plan early, resolve gaps and coordinate workstreams – Sarah Greenwood and Alice Fletcher set out how to reduce risk and speed up the journey to buyout and wind-up. Wherever you are on the road to wind-up, data success starts with a clear, realistic plan aligned across trustees, sponsors and the insurer (if you have one selected). There's no one-size-fits-all approach but early, strategic planning pays off. It surfaces data gaps and complex issues at the outset, so they can be tackled in a controlled, cost-effective way.
Aviva paid out over £43m for prostate and testicular cancer claims across its individual critical illness and life insurance products in 2025. Awareness of prostate cancer symptoms remains low. Around one in three men check their body for new lumps/signs of change once a year or less
Aon has announced that a recent poll of Local Government Pension Scheme (LGPS) funds has highlighted the issues they face regarding resourcing and their preparation for future commitments.
The 2026 Fifa World Cup has kicked off and it promises to be an exciting tournament as 48 teams fight it out in an expanded format. The larger number of teams – 48 rather than 32 – means more matches and more chances of upsets in the knockout rounds. Consistency will be the key to success – just as it is in the investing world – as a major slip could result in an early exit.
Global markets rally on Iran deal. Oil slides as risk premium fades. Rate hike risks still linger. Warsh debut puts Fed in focus. Whitbread and Tesco updates due
Fraud remains one of the most significant threats facing the U.K. financial services sector. It is the most prevalent crime against individuals in England and Wales, accounting for around 41% of all recorded crime in recent years[i]. Recognising the scale of the challenge, earlier this year, the U.K. government announced a new Fraud Strategy for 2026–2029[ii]. The strategy includes the launch of a dedicated disruption unit and calls for stronger collaboration between government, law enforcement, regulators and the financial services industry to tackle organised fraud networks.
Ministers are reportedly considering allowing young workers to swap 1 year of State Pension entitlement for £12,548 lump sum 28-year-old who invested this amount in S&P 500 40 years ago would have £984,179 today. Same investment would have reached £423,463 in a global MSCI World tracker fund
The Pensions Management Institute (PMI) closed its 50th anniversary Annual Conference with a clear message: in a critical decade for pensions, the sector must collaborate more closely than ever before to help boost outcomes for millions of savers.
In the 2024 Autumn Budget, the Chancellor announced that unused pension savings and some death benefits would no longer be exempt from inheritance tax (IHT) from 6 April 2027. This change has significant implications for many SIPP and SSAS clients, particularly those who have considered pension assets as part of wider estate planning. What has changed since the Budget announcement? Finance Act 2026 states that liability for any IHT ultimately payable will fall on the deceased’s personal representatives.
The Society of Pension Professionals (SPP) has urged HMRC to rethink key aspects of its proposed inheritance tax (IHT) framework for pensions, warning that the current approach places unrealistic obligations on pension schemes and could create significant delays and confusion for families following a death.
FTSE 100 opens up. Brent crude back below $94 per barrel. US CPI in line with core a little softer than expected. Wall Street set to rebound at the open. Jobless claims and PPI in focus today
As climate risk shifts, insurability is moving from a market problem to a systems problem. Catastrophe losses are rising, but the deeper challenge for insurance markets is increasing uncertainty about future risk. As climate conditions and exposure patterns shift, historical loss experience becomes a weaker guide for pricing and capital allocation, leading to higher premiums, tighter capacity, and a widening protection gap. 62% of global natural-catastrophe losses (US$280bn) were uninsured in 2023, highlighting growing protection gaps as renewals tighten and insurers withdraw from high-risk regions.
The cyber insurance market would benefit from clear protocols governing the review process for business interruption claims, a new report from the International Underwriting Association (IUA) has stated. Such claims are often complex in situations where a tower structure has been established, with multiple insurers providing layers of coverage for large risks. An established framework, covering questions such as the appointment of experts, fee sharing, and information flows could bring greater consistency and efficiency to the process.
The Government has today launched its long-awaited consultation on key changes to the traffic-light transfer conditions which were introduced back in November 2021.
Total private health admissions – including self-pay – within touching distance of reaching 1 million per year. Growth in the private market continues despite progress in reducing NHS waiting lists for hospital treatment, as employers recognise the value of PMI in supporting workplace health