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The Actuary October 2015

Issue date: October 2015

In this issue...

London busy

UK population to reach 74.3 million by 2039

The UK population is estimated to increase by 9.7 million to 74.3 million in mid-2039, according to official figures.
Friday 30th October 2015
Open-access content
A piggy bank and a calculator © Shutterstock

Cost of financial advice needs to be 'radically reduced'

Citizens Advice is urging a UK government review to explore how to radically reduce the costs of advice for people who don't have a big budget for help.
Friday 30th October 2015
Open-access content
2

'Concerning' gaps in pension trustees' knowledge, says regulator

Larger pension schemes are more likely to be well governed than small and medium-sized schemes, according to research.
Thursday 29th October 2015
Open-access content
2

Finance professionals 'in the dark' about their pensions

More than half (57%) of UK finance professionals with a private pension have no or only a “rough” idea what their pension is costing them in fees.
Thursday 29th October 2015
Open-access content

National Australia Bank sells majority of insurance arm to Nippon Life for AUS$2.4bn

The National Australia Bank (NAB) has agreed to sell an 80% stake of its insurance business to Japanese firm Nippon Life for AUS$2.4bn (£1.1bn).
Wednesday 28th October 2015
Open-access content
2

MPs launch state pension inquiry

The Work and Pensions Committee has launched an inquiry into the new state pension, which will be introduced in April 2016.
Wednesday 28th October 2015
Open-access content
2

'Detrimental impacts' from water risk exposure cost firms $2.5bn

Almost two thirds (65%) of companies report exposure to water risk and experience “detrimental impacts” costing $2.5bn (£1.64bn), according to a survey.
Tuesday 27th October 2015
Open-access content
ta filler

Eight scam calls take place every second

Fraudsters are targeting UK consumers with eight scam calls every second, according to research by the Money Advice Service (MAS).
Tuesday 27th October 2015
Open-access content
2

US employers increase DC contribution rates

More US employers have increased the amount they are paying into workplace pensions and are now matching contributions “dollar-for-dollar”, according to Aon Hewitt.
Monday 26th October 2015
Open-access content
2

Further IPT increases 'must be avoided', says ABI

A planned increase of insurance premium tax (IPT) could leave a typical family £100 a year worse off, according to the Association of British Insurers (ABI).
Monday 26th October 2015
Open-access content

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