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The Actuary April 2014

Issue date: April 2014

In this issue...

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Over-55s saving more for retirement, Aviva poll finds

Savings levels for over-55 have vastly improved as they attempt to cushion themselves against the rising cost of living and the fear of not having enough money in retirement, Aviva has claimed today.
Wednesday 7th May 2014
Open-access content

ABI hails 3% fall in car insurance prices

The price of average comprehensive motor insurance fell by 3% in the first quarter of 2014 to £358, compared to the same period last year, according to Association of British Insurers figures
Friday 2nd May 2014
Open-access content
2

Hymans Robertson find cost savings in local government pensions

A review of the Local Government Pension Scheme by actuaries Hymans Robertson has concluded that as much as £660m could be saved through reforms to its asset management regime, including greater use of common investment vehicles
Wednesday 30th April 2014
Open-access content

Aegon highlights £23,000 gap in retirement expectations

Only 7% of the UK population are close to being ready for the retirement they want, with nine out of ten people falling well short of their targets, pensions and savings provider Aegon has claimed today.
Tuesday 29th April 2014
Open-access content

Women's retirement income £6,700 below men's

Women planning to retire this year can expect to receive an annual income more than a third lower than men, according to Prudential research published today.
Tuesday 29th April 2014
Open-access content

Budget reforms sparks pensions saving enthusiasm, NAPF poll finds

Over a quarter of workers would now start saving or save more into a pension following the reforms announced in the Budget, according to a poll by the National Association of Pension Funds
Tuesday 29th April 2014
Open-access content

Household insurance drop 5.5%, BIBA index shows

Household insurance prices fell by around 5.5% in the first quarter of 2014 despite large bills incurred by insurers due to recent floods, according to a British Insurance Brokers’ Association index.
Monday 28th April 2014
Open-access content
2

Government urged to scrap 'one-size-fits-all' state pension age

The UK government should scrap the single state pension age and instead allow people to choose when they start to receive it, a report by PricewaterhouseCoopers has said today.
Friday 25th April 2014
Open-access content

GAD rate unchanged ahead of annuity reforms

The maximum income that can be taken from income drawdown and fixed term annuities – the GAD rate – will remain at 3% in May, it has been announced.
Friday 25th April 2014
Open-access content

TPR issues first auto-enrolment non-compliance report

The Pensions Regulator today published its first auto-enrolment section 89 report, warning employers struggling to meet their auto-enrolment duties to raise the issue with them sooner rather than later.
Thursday 24th April 2014
Open-access content

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