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The Actuary The magazine of the Institute & Faculty of Actuaries


  • Global action to limit climate change has been too slow ©Shutterstock Global warming set to exceed Paris Agreement limit by 2CThe world is on course to experience a temperature rise that is approximately double the upper limit of 2C set out in the Paris Agreement, new research has found. 17 July 2018
  • Some finance and insurance jobs will be wiped out  ©Shutterstock AI to replace seven million UK jobsArtificial intelligence (AI) is predicted to displace approximately seven million jobs in the UK over the next 20 years, with roles in the financial sector some of the most at risk. 17 July 2018
  • Brace themselves for a choppier ride ©Shutterstock Pension deficits down over monthThe Pension Protection Fund (PPF) has said in its latest monthly 7800 Index that the aggregate deficit of the 5,588 schemes included is estimated to have decreased over the month to £85.6bn at the end of June 2018, down from £94bn at the same point in May. 16 July 2018
  • Financial sector spending most on cyber ©Shutterstock Financial sector invests more in cyber security than any other UK industryThe UK's financial sector invested more money in cyber security than any other industry over the latest financial year, new research has found. 16 July 2018
  • Enquiries increased by 312% ©iStock Political turmoil spurs gold rushThe Pure Gold Company has said that a 237% increase in people buying physical gold happened on 9 July following the resignations of cabinet ministers David Davies and Boris Johnson over disputes about the government's plans for Brexit. 13 July 2018
  • China cited as an engine of growth ©Shutterstock China boosts life sector premiumsGlobal insurance premiums increased by 1.5% to nearly $5tn in 2017 after rising by 2.2% in 2016, insurer Swiss Re has said, with China cited as an engine of growth. 12 July 2018
  • Fund had increased by 3.12% since 2001 ©iStock Japan pension fund thrives on equitiesThe Japan government pension fund has posted a 6.9% increase in its rate of return for fiscal year 2017 equivalent to 10,091bn, its annual overview of the year has shown. 12 July 2018
  • One in four expect to work at 70 ©iStock Working at 70 expected to be 'new norm'One in four people think they will still be working at age 70, a survey for insurer Aegon has found. 11 July 2018
  • Sustainable use of natural resources is critical ©Shutterstock A survey by insurer Allianz warns businesses over natural capital risksOil, gas, mining, food and beverage and transportation companies have the highest exposures to risks from depletion of 'natural capital', a survey by insurer Allianz Global Corporate & Specialty has found. Risks include higher costs from resource scarcity, regulatory action and pressure from public opinion. 10 July 2018
  • Some over-45s see value tied up in property as part of the solution to care funding ©iStock Huge fall in UK adults expecting government to fund social careThere has been a huge decline in the proportion of UK adults aged 45 and older that expect the government to pay for their social care over the last six years, new research has found. 04 July 2018
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