Actuarial valuations take a bizarrely long time to complete and the process distracts defined benefit pension schemes from real strategic issues, a major consultancy firm warned today.
Business leaders and trade unions have joined together to criticise the Pensions Regulators draft guidance on defined benefit funding for taking a too rigid approach that is likely to encourage trustees towards excessively prudent choices.
Weather-related property insurance claims in the UK hit a 10-year high during the fourth quarter of 2013 because of this winters extreme storms and floods, according to accountancy firm Deloitte.
State pensions and public sector pension schemes should be scrapped and replaced with individual defined contribution pots, according to recommendations from a Scottish think-tank
Medical underwriting in buy-ins is gathering pace and could soon be the only option available for smaller defined benefit schemes, actuaries Towers Watson have claimed.
The Association of British Insurers has called on UK motor manufacturers to fit autonomous emergency braking technology as standard on all new cars to lower motor insurance premiums.
Defined benefit schemes in the UK pay a lot more to transfer liabilities to a regulated insurer than schemes in other countries, according to Mercers Global pension buyout index.
