ACA Chair, Stewart Hastie, has welcomed the guidance issued today by FRC to help pension scheme actuaries provide retrospective confirmation to validate historic changes to pension scheme rules compliant with the appropriate requirements at the time.
Data on tax reliefs from HMRC shows that National Insurance Contribution savings on pension contributions provided £23.5 billion of tax relief in 2023/24, an increase of £2.1 billion compared to five years prior.
Price Forbes Re announces that Alexander Ehrlich has been appointed to the role of Senior Vice President, Life & Health reinsurance. He will report directly to Isaac Sanday, Global Head of Life & Health. Price Forbes also announces the appointment of Younkyung Cho to the role of Vice President, Business Development Actuary, also reporting to Isaac Sanday.
University of Edinburgh study warns women are retiring with far smaller pension pots due to structural inequalities and calls for action to tackle the retirement ‘gulf’
We want trustees to respond to the value for money consultation. You will be the ones driving improvements in value and challenging your advisers and service providers to deliver more for savers. We have produced a new guide to help you get to grips with the proposals so you can respond by the deadline of 8 March. In this article Director of Policy, Joey Patel, outlines the key new proposals and why trustee input is so vital.
Royal London has secured a £213 million bulk purchase annuity (BPA) transaction with the Oxford Instruments Pension Scheme. The Scheme is sponsored by Oxford Instruments plc, a leading provider of scientific technology tools and expertise to academic and commercial partners.
As interest rises in linking pensions and housing in the UK, Nest Insight research finds benefits for some, risks for many, and caution needed over potential for unintended consequences for the housing and pension systems.
Recent changes to the CSRD and the pause to California’s SB 261 may remove or delay climate risk disclosure requirements, but the need to understand your climate risks remains unchanged. The latest changes to the EU’s Corporate Sustainability Reporting Directive (CSRD) have raised applicability thresholds and postponed reporting for many companies. California’s SB 261 has been stayed, pending appeal. Meanwhile, the UK’s Sustainability Reporting Standards are yet to be finalized.
The ABI’s latest figures reveal that health insurers processed a record £4 billion in individual and workplace private medical insurance claims in 2024 – up 13% compared to 2023 (£3.57bn).1 That’s roughly £11 million paid out every single day across the year.
FTSE 100 rebounds towards record levels. UK Government borrowing comes in below expectations. US futures gain after Wall Street’s bounce. US jobs and inflation to take centre stage today. Brent crude oil prices fall below $65ABF
Just Group and Utmost comment on Inheritance Tax (IHT) receipts recording a total of £6.6 billion through the first nine months of 2025/26, an increase of £232 million (4%) compared to the same period in 2024/25 (£6.3 billion). It puts collections on track to exceed last year’s total of £8.2 billion and register a fifth consecutive annual record.
HMRC data shows that Insurance Premium Tax (IPT) has generated £6.8 billion in the first nine months of the 2025/26 financial year (Apr to Dec), with £43 million collected in December alone. This places IPT revenues £115 million higher than the same period last year, when the first nine months of 2024/25 totaled £6.7 billion and ultimately delivered a record annual figure of £8.88 billion.
In this episode of MGAA Conversations, host Mike Keating is joined by Rachel Turk, Chief of Market Performance at Lloyd’s of London, for an in-depth discussion on the evolving Lloyd’s market and its growing appeal to MGAs and cover holders. Rachel explains her role overseeing underwriting performance, delegated authority, exposure management, reinsurance, and claims across the Lloyd’s market. The conversation explores why Lloyd’s has become increasingly attractive to MGAs, how efficiency improvements are narrowing the gap with the company market, and why delegated authority is viewed as a key growth engine.
Stuart will report to Chief Financial Officer Stuart Robinson. Stuart is a highly experienced financial services professional and actuary, and joined Canada Life UK in May 2024 as ALM and Investments Director. Prior to joining Canada Life, he was Chief Actuary at Prudential Hong Kong and has held actuarial roles at Just Group, Legal & General and Swiss Re.
CPI inflation rose to 3.4% in December – from 3.2% in November. On a monthly basis, it was up 0.4% - compared to 0.3% a year earlier. Core CPI (excluding energy, food, alcohol and tobacco) was 3.2% (unchanged from November) and services inflation was 4.5% (up from 4.4%).This is expected to ease again in January. Why, and what it means for you.
Capital models have advanced significantly since the early 2000s, but the increased complexity can slow decision-making and raise operational risks. This article explores when a model may no longer be fit for purpose, the role of off-the-shelf and external models, and how to transition safely using strong governance, clear analysis of change and external reviewers. Over the past two decades, technological advances have resulted in a drastic change in the modelling capabilities of insurers.
Rachel Reeves’ overhaul of ISAs is ‘doomed to fail’ in its goal of boosting retail investing in the UK, AJ Bell chief executive Michael Summersgill warns
58% of DB pension members would support their scheme running on to generate a surplus. Over a quarter (27%) of members would prefer surplus to remain in the scheme until all pensions have been paid38% of members believed surplus should be used solely to increase member benefits27% of members happy for surplus to be shared with the employer
Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension schemes, has concluded a £37.5 million buy-in with the Dr Martens Airwair Group Pension Plan ('the Plan'), covering the 455 Plan members.
Japan’s life insurance market is projected to grow from JPY38.7 trillion ($266.2 billion) in 2026 to JPY47.8 trillion ($337.7 billion) in 2030, registering a compound annual growth rate (CAGR) of 5.4% in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company.
Commenting on the impact of geopolitical uncertainty and its effect on markets, Chris Arcari, Head of Capital Markets, Hymans Robertson, said: “Geopolitical uncertainty is rising up the agenda, with tensions flaring in multiple geographies.
The past year has been a truly fascinating one for insurance actuarial professionals. Actuaries around the world have spent much of 2025 navigating complex and evolving regulatory frameworks, integrating artificial intelligence and machine learning into traditional work, developing climate risk expertise, and managing the gap between technical actuarial skills and the need for strategic business advisory capabilities.
The Financial Conduct Authority’s decision to ban Darren Antony Reynolds from working in financial services and fine him £2,037,892 has been upheld by the Upper Tribunal.
Reclaiming pension tax relief can add up to £160k or £128k over 20 years for additional and higher rate taxpayers on a £10,000 contribution at 5% growth, with contributions increasing by 2% per year
Fewer than half (48%) of those who fill in a tax return have budgeted for their tax bill every year. Around a quarter (24%) of those who’ve filled in a tax return in the past say that the amount of tax they owe has been more than they expected. Worryingly, 1 in 20 (5%) of those who fill in a return normally use a bank overdraft to pay some or all of their self-assessment tax bill. This year marks 30 years since self-assessment was first introduced, but, three decades later, new research from Royal London shows more than half of those who fill in a tax return (54%) describe it as a ‘nuisance’.