Mario de Cicco, VP, European Financial Institutions, Morningstar DBRS: "The Microsoft outage could result in a number of insurance claims, mostly related to businesses experiencing financial losses, operational disruptions, and delays in serving customers. However, not all businesses will automatically be entitled to compensation, as this depends on the terms and conditions of their insurance policies.
Over the next two decades, inheritance is likely to become an increasingly important factor in determining retirement outcomes in the UK. While pensions will remain the cornerstone of retirement provision for most, the anticipated intergenerational wealth transfer from people currently in their 70s and 80s to their children and grandchildren is set to introduce the concept of a retirement funded not just from diligent pension saving, but also from family wealth.
Responding to the Work and Pensions Select Committee’s inquiry into pensions adequacy, the Society of Pension Professionals (SPP) has set out a series of practical recommendations to help shape the future of workplace pension saving.
Jensen Huang has resigned as CEO of tech giant Nvidia, the company's board says. Shares in the company have plunged again, down around 10% as trading began in new York. CFO Colette Kress who has been at Nvidia for 13 years will take over as interim CEO. The development is set to send fresh shockwaves through the AI trade.
Workplace pension providers could have greater flexibility to invest for the long term under proposals from the FCA, helping them deliver better outcomes for savers while ensuring savers' interests remain protected. The FCA is consulting on excluding certain performance-linked fees from the charge cap for default funds in workplace pensions it regulates.
For many schemes, the journey from buy-in to buy-out can take a number of years. LCP’s 2025 Pension Risk Transfer Report highlights the scale of the challenge: as at 30 June 2025, 35% of the schemes that transacted in 2020 had not yet moved to buy-out. Against that backdrop, the question for trustees and sponsors is no longer just how to reach buy-in, but how to avoid the buy-out phase drifting for years afterwards. Recent transactions show what can be achieved in the right circumstances.
Only a third of UK adults (33%) feel the pension system works well for people like them – falling to 24% for lower earners, 24% for the self-employed, and 28% for women. Two fifths (42%) of people expect their standard of living to worsen in retirement and two thirds (63%) worry they are not saving enough. The Pensions Commission has a significant opportunity to make recommendations for a more adequate, fair and sustainable system. Lower earners could be £30,000 better off in retirement if pension contributions were calculated from the first pound earned
With a significant El Niño weather event potentially leading to heavy rainfall and floods in the U.K. this autumn and winter, LexisNexis® Risk Solutions has performed an analysis indicating that parts of the South Coast and Wales could see over 10% of properties increase in flood risk by 2030, driven by sea levels rising and an increase in expected rainfall.
With-profits funds delivered an average return of 9.6% in 2025, up from 5.6% in 2024 – beating high street fixed saving rates. UK equities led returns at 21.8%, boosting with-profits performance. Howden’s analysis covers approximately £171bn of assets, spread over 93 with-profits funds from 19 insurers.
The Footsie skips higher as the UK economy confounds expectations.UK GDP grew 0.2% in September, with quarterly growth accelerating to 0.7%. AI investment is feeding through into the wider economy, with computer programming and consultancy the biggest contributor to GDP growth for seven months running. UK is on course to be one of the fastest-growing G7 economies this year, behind only the US. Stronger growth risks adding to inflationary pressures, cementing expectations of a February rate hike. Nvidia faces fresh turmoil as allegations surrounding Jensen Huang intensify questions over leadership, governance and succession planning
Reward investment is becoming more targeted, with greater focus on exam progress, promotions and key career milestones. Dedicated salary structures are expanding beyond actuarial roles to support a broader range of specialist talent. Actuarial attrition has declined, though competitive pay and career growth remain critical to retention. Employers increasingly value AI, automation, programming, analytical thinking and communication alongside actuarial expertise.
Helen Forrest Hall, Chief Strategy Officer at the Pensions Management Institute (PMI), has welcomed new research from the PPI which examines the changing pensions administration market, exploring how consolidation, technological developments and increasing reliance on shared systems and suppliers are creating both opportunities and risks.
£46 million buy-in transaction secures the benefits of 484 members. Royal London and Trustees’ partnership reflects a shared focus on delivering sustainable long-term outcomes for pension scheme members
The DWP published its response into the consultation on trustees, governance and administration in trust-based pension schemes yesterday afternoon. It outlined plans to strengthen governance of trust-based pension schemes by improving trustee skills, tackling conflicts of interest, increasing regulatory oversight of master trusts and introducing minimum standards for pension administrators.
Footsie starts on the front foot buoyed by a rebound in metals prices which have boosted mining stocks. Tech volatility continues with CoreWeave's stronger-than-expected results and upgraded outlook have helped revive enthusiasm for AI stocks, but its mounting debt, huge capital spending and complex financing arrangements remain a concern. Nvidia is under mounting pressure - Jensen Huang's alleged relationship with a suspected Chinese intelligence asset has triggered an independent board investigation, a shareholder lawsuit and demands for answers from Congress
Sacker is urging pension scheme trustees to start preparing now for significant changes to the inheritance tax treatment of pensions. A poll conducted during a recent Sackers webinar on the new regime, highlighted areas of continuing uncertainty and the practical challenges schemes will need to address.
The insurance industry has spent a decade coming to terms with silent cyber. It now faces a sequel that is harder to define, harder to price, and potentially harder to survive. The comparison with cyber is unavoidable but imperfect. When insurers realised that property and business interruption policies were quietly absorbing cyber losses, they could point to a recognisable event: unauthorised access, data theft, systems held to ransom. The trigger was identifiable, the loss was quantifiable, and the policy response, once clarified, was at least arguable. AI does not offer the same courtesy.
M&G have announced that it has completed a £110 million Bulk Purchase Annuity (“BPA”) transaction with the Trustee of the Clariant Pension Plan, securing the pension benefits of around 900 members. The transaction was the Plan’s third buy-in, with the Trustee selecting M&G following a competitive process.
Women’s projected median retirement income rises to £14,500 as the gender gap narrows to £3,800 Despite improvements, 65% of women remain on track for a minimum retirement standard or worse Scottish Widows calls for reforms to auto-enrolment, pension protection in divorce settlements and better support for women through key life events
This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
The FTSE 100 rises after the S&P 500 surged, while Japan’s Nikkei and South Korea’s Kospi also jumped as bargain hunters moved back into beaten-down tech shares. Falling energy prices are easing inflationary pressures and supporting the sector, while the Footsie is edging back towards record territory, helped by its more defensive make-up. Political risks remain, with Democrats gaining ground across Congress and state offices, potentially giving them more scope to curb data centre development. Grocery sales rise following government's Be Ready campaign, while Princes Group which sells tuna, notes revenue surge.
Ocean risks are assessed as severe and worsening yet remain a major blind spot in conventional economic and financial analysis. Ocean disruption could contribute to food-price shocks, rising insurance costs and wider cost-of-living pressures. The Ocean Maelstrom scenario shows how interacting ocean, climate and geopolitical risks could cascade through economies, financial markets and pensions. Ocean recovery is possible, but governments and financial institutions must close the gap between commitments and delivery.
Our Stars of the Future 2026 take center stage in the magazine this month. We would like to congratulate our overall winner Olauria Mafura from Royal London, who is featured on our front cover, and to our runners-up Sara O’Donnell from Aon and Thabooja Sathiapal from Standard Life. A huge vote of thanks must go to our sponsors Star Actuarial Futures who continue to support this ever-popular award. We have placed all the other nominees in alphabetical order as the competition was so close once again this year. We would like to thank everyone for voting in what turned out to be, yet again, the largest number of votes cast across the board since we started our Stars of the Future Awards.
William Altman, Director of Cyber Threat Intelligence Services at CyberCube, comments on the 2nd wave of cyber-attacks on supermarket fridges and freezers: "Monday’s attacks reached supermarkets and food shops in at least six countries, including Belgium, Ireland, Sweden and Estonia, three weeks after hundreds of French stores lost their refrigerated stock.