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The Actuary The magazine of the Institute & Faculty of Actuaries


  • web_service_industry_iStock-675975922.png Service sector growth grinds to seven-month lowLast month saw the UK's service sector expand at the weakest level recorded since March, with continued Brexit uncertainty thought to be hindering growth. 05 November 2018
  • 1web_climate_change_money_istock-105932158.png UK government refuses to back mandatory climate risk disclosuresPension fund trustees will not be forced to report the risks that climate change pose to their investments after ministers refused to accept the recommendation from the Environmental Audit Committee (EAC). 02 November 2018
  • web_Merger_acquisitioniStock-949211240.png Insurance M&A deal value hits new highsThe first half of this year saw the total value of mergers and acquisitions (M&A) in the global insurance market hit the highest level recorded since the financial crisis. 31 October 2018
  • web_gorwing_pressue_iStock-164882260.png Global megatrends create perfect storm for asset managersAsset managers have been told to prepare for massive change and disruption amid growing technological, environmental, demographic and social pressures. 30 October 2018
  • Chancellor also revealed better growth prospects ┬ęShutterstock Extra social care funding announcedPhilip Hammond has announced that social care will receive an additional £650m in funding over the next financial year in his autumn budget today. 29 October 2018
  • web_accounting_shutterstock_334221509.png IASB unlikely to make IFRS 17 changesThe International Accounting Standards Board (IASB) is reluctant to make revisions to IFRS 17 amid fears that changes could disrupt existing implementation processes. 26 October 2018
  • web_piggy_bank_drowning_iStock-915318436.png UK could have £20bn in lost pensionsUK savers have failed to claim around 1.6 million pension pots worth nearly £20bn at least six times more than previously estimated, the largest study of its kind has revealed. 25 October 2018
  • web_pension_shutterstock_746139745.png Master trust use to double within three yearsThe number of UK businesses with a master trust as their main defined contribution (DC) pension scheme is set to more than double over the next three years. 24 October 2018
  • web_tsunami_iStock-493738514 $163bn global insurance gap identifiedA global insurance protection gap of $163bn (£126bn) threatens the livelihoods of millions of people across the world, with poorer countries some of the most at risk. 24 October 2018
  • web_cyber_money_iStock-674952336.jpg Almost half of large claims disputed by UK insurersUK insurers dispute nearly half of all large commercial claims, with many businesses thought to have a poor understanding of the conditions and limitations of their policies. 23 October 2018
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