The Actuary January 2015

Two in five small businesses do not believe they are at risk of a cyber crime but anyone “could become a target”, according to a survey carried out by Aviva.

The Pensions Regulator (TPR) is consulting on its draft innovation plan, which sets out how technology and innovation can help deliver better outcomes for those saving for retirement.

Around one in five claimants on their home insurance are turned down, according to figures released by the Association of British Insurers (ABI).

A total of 1,594 employers have been fined £400 for failing to comply with their workplace pension requirements since the start of automatic enrolment, the Pensions Regulator (TPR) has said.

The Public Accounts Committee (PAC) has expressed concerns over the next phase of auto-enrolment, as smaller employers prepare to enrol their staff between 2016 and 2018.

The Economic and Monetary Affairs Committee (ECON) of the European Parliament has approved the revised Institutions for Occupational Retirement Provision (IORP) Directive, on a vote of 47 to three.

Prolonged period of low interests rates will create “significant future challenges” to the strength of pension schemes, according to the European Insurance and Occupational Pensions Authority (EIOPA).

UK insurers are being vigilant for the next natural disaster after a warning from the Met Office of potentially disruptive weather, according to the Association of British Insurers (ABI).

A group of 24 local authorities, 13 funds and 40 managers have come together to propose how to reduce fees when pooling investments.

Aviva Canada has announced its plans to acquire some of the insurance business of Royal Bank of Canada (RBC) for CAD$582m (£281m).