The Financial Services Authority has begun investigating whether retirees are getting a fair deal when they use their pension pot to purchase an annuity.
Nearly half of company audit committee members believe their employer's risk management programme needs substantial work, according to research published by KPMG yesterday.
Home insurance premiums remained largely unchanged in the last three months of 2012 but a flurry of claims related to recent severe weather will push up the cost of cover in the early part of this year, according to the AA.
A potential surge in demand for pension buyouts could create a bottleneck in deals that makes it imperative schemes develop a contingency plan, Aon Hewitt said today.
Efforts to finalise new rules for Europes insurance industry could be delayed further by the launch of a study assessing the impact they will have on long-term guarantees. KPMG has warned.
The European Insurance and Occupational Pensions Authority has begun testing how Solvency II could impact on products with long-term guarantees offered by both life and non-life insurers.
The Department for Work and Pensions has begun exploring what needs to be done to address the impact that the rising cost of funding defined benefit pensions is having on investment and growth.
There was no improvement in longevity last year in England and Wales, with mortality actually worsening compared to 2011, according to analysis carried out by the Institute and Faculty of Actuaries.
