The magazine of the Institute & Faculty of Actuaries

News

Proposed ban on pension cold calling shelvedPlans to clamp down on opportunists taking advantage of pensioners through scam phone calls have been omitted from the UK government's Financial Guidance and Claims Bill. 07 July 2017
Risk mitigation main driver of ESG considerationsApproximately three-quarters of institutional investors say that risk mitigation is the main driver of their increased interest in environmental, social and governance (ESG) considerations. 07 July 2017
TPR cracks down on failure to meet governance requirementsThe Pensions Regulator has detailed how it issued financial penalties to trustees of schemes who failed to meet basic governance requirements last year. 06 July 2017
UK tech sector leads Europe after BrexitThe UK attracted more venture capital investment to its technology sector since the referendum vote than Germany, France and the Netherlands combined. 06 July 2017
Biggest fall in disposable income recorded for almost six yearsReal household disposable income per head in the UK declined by 2% in the first quarter of 2017 compared with the same time last year. 06 July 2017
Business growth in service sector hits nine-month lowUK service providers reported the weakest upturn in new work since September 2016 last month, according to the latest IHS Markit/CIPS UK Services PMI survey. 05 July 2017
Political risk threatening decarbonisation of UK energy sectorProviding reliable energy in a way that keeps emissions and prices down is ranked as the highest policy priority for the next government by a group of UK energy professionals. 05 July 2017
Financial services to increase 'transformative' investmentsMore than half of insurance and banking institutions expect to increase investments in transformative initiatives over the next year. 04 July 2017
Brexit risks UK ranking as most desirable place to work globallyThe UK is ranked the most desirable place to work by people based outside of Britain, with 57% of respondents to a recent survey placing it in their top three destinations. 04 July 2017
Car insurance rockets in two yearsThe average car insurance premium in the UK reached £562 between April and June this year, 10% more than 12 months ago, and 19% higher than in 2015, according to analysis by MoneySuperMarket. 04 July 2017

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FEATURE

The making of a game changerMarjorie Ngwenya, new president of the IFoA, reveals her vision for a future-fit profession, outlines the challenges of change, and the value diversity can bring. Richard Purcell reports