The magazine of the Institute & Faculty of Actuaries

News

Europe's third largest insurer turns its back on coalItalian insurance giant Generali has today announced that it will stop insuring the construction of new coal mines and plants as part of its commitment to tackling climate change. 09 November 2018
Insurers rank Amazon as the world's most potentially disruptive platformAmazon is the platform most likely to cause widespread disruption to Europe's general insurance market over the next five years, a survey of insurers has found. 07 November 2018
UK state pension age rises for womenWomen in the UK will today start qualifying for the state pension at the same age as men, eliminating discrimination between the genders for the first time in 70 years. 06 November 2018
Quarter of over-55s unaware that pension savings can be taxedOne in four people approaching retirement in the UK are unaware that they have to pay tax on pension savings if they take more than 25% out as cash, a survey has found. 05 November 2018
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
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
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
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
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
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