Insurers from around the world have ranked the risk of a global pandemic as the most extreme event that could impact the industry, Towers Watson has revealed today.
The Pensions Regulator has launched a consultation into the future of defined benefit funding after it said there was a need to minimise the impact pension liabilities could have on employers expansion plans.
London insurers have been urged to remain alive to the risk of sanction violation despite last weekends landmark deal between Iran and six world powers that lifts some of the economic restrictions placed on the country.
Companies need at least 11 more years to meet their pension shortfalls despite diverting more cash into their schemes, PricewaterhouseCoopers said after conducting an analysis that found low government bond yields were to blame.
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Legal & General has warned that the government's planned 0.75% cap on pension management fees is too high and would cost savers thousands of pounds each
Insurers have paid out $70bn globally for damages from extreme weather events every twelve months for the last three years, Allianz Global Corporate & Speciality has revealed.
State pensions in the UK are among the worst in the developed world, with only Mexico offering less for full-career workers upon retirement, the Organisation for Economic Co-operation and Development said today
