Life insurance

A parliamentary debate on the rise in the state pension age for women has been scheduled for 7 January after an online petition has secured more than 100,000 signatures.

Experts in the actuarial and accounting industry have criticised the UK government’s decision to launch a secondary annuity market, calling the idea “unlikely to benefit that many people”.

Women born in England in 2064 can expect to live to 100 years of age, according to official figures.

Despite “sluggish growth” during 2010-2014, the outlook for the UK life insurance sector is positive, according to a data provider.

A team of actuaries from the UK, US and Australia has identified five principles when managing the risk of people running out of money in retirement, according to a report.

Medical underwriting is not new to the bulk annuity transfer market, having been used by life insurers in recent years to price typically smaller schemes. It can also be used, though, to manage risk concentration in larger schemes through ‘top-slicing’, says Costas Yiasoumi

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed to create a standardised pan-European personal pension product (PEPP).

People are living longer than official estimates predict, a study shows.

A third of people receive an inheritance despite more than half of parents saying they plan to leave one, according to HSBC.