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News

Flood insurance losses 'to top £1bn this year'Losses from last month's flooding in England and Wales are expected to make 2012 the costliest flood insurance year since 2007, Aon Benfield revealed yesterday. 07 December 2012
Pension tax relief cuts 'will stop people saving'Cuts to pension tax relief allowances announced in yesterday's Autumn Statement could work against government efforts to encourage more people to save for their retirement, industry figures and business leaders have warned. 06 December 2012
Government urged to act quickly on pensions regulatory reformThe government has been urged to move forward as soon as possible with plans announced in yesterday's Autumn Statement to address the rising long-term cost to companies of pension provision. 06 December 2012
Osborne plans regulatory change to address pensions affordabilityChancellor George Osborne has announced plans to change the regulatory system for defined benefit pension schemes to address concerns over the long-term cost of pension provision to companies. 05 December 2012
Capita warns men against rushing annuity purchasesMen have been warned against rushing into annuity purchases before new European rule changes banning gender-specific insurance contracts take effect later this month. 04 December 2012
Use high quality schemes for auto-enrolment, says regulatorPension schemes could be expected to set out exactly how they meet The Pensions Regulator's principles for good scheme design and governance, or explain why they do not, in a move to steer employers away from poor value auto-enrolment schemes. 04 December 2012
Solvency II 'has been ruined by implementation'A vast majority of UK non-life insurance companies are frustrated by the way Solvency II is being introduced, according to research published by Grant Thornton today. 03 December 2012
Pension deficits increase to £110bnThe combined deficit of the UK's private sector defined benefit pension schemes increased to £110bn last month, according to figures published today by JLT Pension Capital Strategies. 03 December 2012
Mortality and morbidity: tell us your viewsLast year, Council identified the growing importance of longevity risk to many financial entities and the increased number of providers of demographic experience analysis. In May 2012, a working group was set up to make recommendations on how the Institute and Faculty of Actuaries should respond to the challenges and opportunities in this area. 01 December 2012
Actuarial Teachers' and Researchers' event boosts link between industry and academiaThe University of Leicester recently hosted this year's Actuarial Teachers' and Researchers' Conference. The conference was characterised by a broad range of topics and lively audience participation 01 December 2012

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FEATURE

Long-term care: coming of ageLife expectancy has hit record levels, but public age-related spending is likely to have to follow suit. Emma McWilliam and Richard See Toh report