Actuarial Post News and Articles

Search Results Page 1 of 673.

1 2 3 4 5 6 7 8 9 10 11 12  Next  Last

PIMFA calls for greater ambition to solve FSCS levy funding

PIMFA welcomes the fact the Financial Conduct Authority (FCA) has recognised current levels of Financial Services Compensation Scheme (FSCS) funding are unsustainable and is committed to reform. But current proposals lack ambition.
Posted on: Monday Dec 6

State pension correction urged to expand as errors emerge

Former pensions minister and LCP partner Steve Webb is calling on DWP to expand its current state pension correction exercise to include divorced women, following the discovery of underpayments to divorcees of up to £60,000 in some cases. Divorced women are currently excluded from the exercise as the DWP believes there is no ‘significant evidence’ of errors amongst this group.
Posted on: Monday Dec 6

TPRs latest thinking on the New Single Code

With The Pensions Regulator’s initial consultation on the new single code completed, Nick Gannon, Policy Lead, TPR, will share his thoughts on how important challenges raised by the LGPS could be addressed going forward. Tiffany Tsang, Head of DB, LGPS and Investment, PLSA will discuss with Nick these issues raised by our PLSA Local Authority members.
SPEAKERS:
Nick Gannon, Policy Lead, The Pensions Regulator
Tiffany Tsang, Head of DB LGPS and Investment, PLSA
Chaired by: James Walsh, Head of Member Engagement, PLSA
Posted in: Articles
Posted on: Monday Dec 6

Omicron and inflation drives pension deficits up

Deficits of UK pension schemes have increased by around £64bn over the month to 30 November 2021 against long-term funding targets, an analysis from XPS’s DB:UK funding tracker has revealed.
Posted on: Monday Dec 6

FCA launch discussion on improving compensation framework

The FCA has published a Discussion Paper aimed at maintaining a compensation framework that provides appropriate protection for consumers, funded in a fair and sustainable way.
Posted on: Monday Dec 6

Overcome Challenges in Cyber Broking

A hard market and shrinking capacity have resulted in a rapidly changing cyber insurance market. For brokers, it’s brutal and exhausting. Premiums are rocketing, limits are shrinking, incident response processes must be clearly defined—and even getting a quote is challenging! New underwriting requirements mean that clients must take an active role in making a positive impact on their cyber risk profile, with robust employee training and proper use of tools such as MFA, EDF and NGAV.
Posted in: Articles
Posted on: Monday Dec 6

Widespread support for CDC schemes grows

In the fourth of a series of reports outlining the findings of the ACA’s 2021 Pension trends survey, the Association of Consulting Actuaries (ACA) has found widespread support for the new Collective Defined Contribution (CDC) schemes. Over half of survey respondents support extending CDC beyond the Royal Mail scheme, to allow industry-wide and multi-employer. One in five businesses are also considering CDC for their own business.
Posted on: Monday Dec 6

Governor of the Bank of England speech at the IFoA

Andrew Bailey, Governor of the Bank of England, delivers a speech on delivering policyholder protection in insurance regulation.
Posted in: Articles
Posted on: Friday Dec 3

Are annuities the comeback kid for DC

Before the pension freedoms, annuity sales were in the region of 350,000 each year. Immediately after, this reduced to around 90,000 a year and since 2016, sales have slowly crept back up to around 140,000 a year. Annuities are often seen as the best way to provide a retirement income for life but there are now other ways of achieving that, namely drawdown. Will annuity sales creep up further and do annuities have a key role to play in retirement planning?
Posted in: Articles
Posted on: Friday Dec 3

Marsh appoints Head of Climate and Sustainability

Marsh have announced the appointment of Ryan Bond as Head of Climate and Sustainability Insurance Innovation, effective 1 January 2022. Based in London, Mr. Bond will report to Amy Barnes, Head of Climate and Sustainability Strategy, Marsh.
Posted on: Thursday Dec 2

Man jailed for cashing in on minor traffic accident

A man who attempted to claim over half a million pounds for injuries he said he sustained in a minor car accident was sent to prison for seven months
Posted on: Thursday Dec 2

Willis Towers Watson launch Ports and Terminals risk forum

The Ports and Terminals Risk Forum is launched as a dedicated community, delivering insight and risk management solutions to operators worldwide.
Posted on: Thursday Dec 2

FCA announces plans for stronger nudge to pension guidance

The FCA have published final rules requiring firms to implement the stronger nudge to Pension Wise guidance.
Posted on: Thursday Dec 2

FTSE350 pension deficits increase

Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes and other post-retirement benefit plans for the UK’s 350 largest listed companies rose by £10bn over the course of November, standing at £104bn at the end of the month, an increase from £94bn at the end of October.
Posted on: Wednesday Dec 1

Cut in universal credit taper gives low earners more money

Kate Smith, Head of Pensions at Aegon, comments: “We welcome the Government taking steps to put more money in the pockets of hard-working individuals and making work pay in what will no doubt be a welcome early Christmas present for many.
Posted on: Wednesday Dec 1

Bulk annuities and navigating the derisking journey

The slower start to the bulk annuity market in 2021 could lead to some heightened appetite amongst certain insurers going into the early part of 2022 according to new analysis from BW.
Posted on: Wednesday Dec 1

Dont you divest out of me

As more investors recognise the need to invest responsibly, climate divestment strategies have become increasingly popular. By avoiding investment in high-emitting firms, such strategies reduce their portfolio emissions and exposure to climate transition risk. There’s also the hope that, by restricting funding, they can use market forces to encourage lower emissions as well as creating stigma and social pressure – making selling and recruiting more difficult for the firms they target.
Posted in: Articles
Posted on: Wednesday Dec 1

Survey reveals over a third are not saving for retirement

The EU pension savings gap persists, with more than a third of respondents not saving for their retirement, according to the results of Insurance Europe’s second Pan-European Pension Survey.
Posted on: Wednesday Dec 1

Comments as Clara Pensions named 1st TPR approved superfund

Pensions industry comments from Isio, BW, Mercer, Hymans Robertson and Cardano as Clara Pensions named the first TPR approved superfund
Posted on: Tuesday Nov 30

PLSA comment on DWPs enabling investment

The Pensions and Lifetime Savings Association (PLSA) comments on the DWP consultation on enabling investment in productive finance.
Posted on: Tuesday Nov 30

TPR names first DB superfund to meet its expectations

The first new defined benefit consolidation vehicle (DB superfund) to have met tough standards of governance and administration set out by The Pensions Regulator (TPR) to protect savers has been added to a new online list.
Posted on: Tuesday Nov 30

Strong support for DB Funding Code wish list

In the third of a series of reports outlining the findings of the ACA’s 2021 Pension trends survey[i], the Association of Consulting Actuaries (ACA) has found strong support for ‘Seven Key Elements’ to be contained in the promised second consultation on a new DB Funding Code, expected in the next few months.
Posted on: Monday Nov 29

Fall in Lasting Power of Attorney registrations

Following an FOI request by Canada Life, the Ministry of Justice has confirmed there has been a 26.5% reduction in the number of lasting power of attorneys (LPAs) registered in the 2020/21 tax year compared to the previous year. In total, 636,628 registrations were completed, split between 282,883 health and welfare and 353,745 property and finance LPAs.
Posted in: Life - Articles
Posted on: Monday Nov 29

The rise of the actuarial scientist

With the rise of big data and machine learning, some would ask where actuaries are positioning themselves in the next few decades. We came up with the term “actuarial scientist” to mean an actuary who possesses the actuarial skills and domain knowledge, coupled with the understanding of how to use today’s technology. You may have heard other terms floating around such as “digital actuary”. In my view there is definitely space for both actuaries and data scientists to thrive in the insurance world for years to come.
Posted in: Articles
Posted on: Monday Nov 29

Evaluating the ESG capabilities of your service providers

As a trustee, ensuring your service providers have the right capabilities to deliver your ESG objectives is critical. However, understanding what ‘good performance in action’ should look like is not always easy. This webinar will provide some top tips and examples of good practice on procuring the right service providers to deliver your ESG objectives and assessing their continuous performance.

Speakers:
Denise Le Gal, Chair, Brunel Pension Partnership
Brian Kilpatrick, Chief Investment Officer, HSBC
Kerry Perkins, Head of Capital Markets, A4S
Chaired by: Joe Dabrowski, Deputy Director – Policy, PLSA
Posted in: Articles
Posted on: Friday Nov 26

Site Search

Exact   Any  

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.