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The Actuary May 2016

Issue date: May 2016

Articles in this issue

FCA warns over-55s against investment scams

The Financial Conduct Authority (FCA) has warned older people to take care when chasing higher rates of return on their savings through dubious investments.
27th May 2016
Open-access content
brexit

Brexit could be a game-changer for asset risk

Risk exposures would change radically if the UK were to leave the European Union because larger companies’ earnings from the EU far outweigh those from the UK.That warning has come from Old Mutual Asset Management in its report Brexit: An Analysis of Economic Exposure.
27th May 2016
Open-access content
2

Survey shows personal investors in favour of Brexit

Independent UK retail stockbroker Share Centre says its customers still favour leaving the European Union but by a narrower margin than they did in February, its latest customer survey found.
27th May 2016
Open-access content
2

Marks & Spencer to close defined benefit scheme

Retailer Marks & Spencer is to close its UK defined benefit pension scheme for future service accrual, it has said in its 2015-16 annual results. The scheme has been closed to new members since 2002.
27th May 2016
Open-access content
2

Motor insurance industry struggling to generate underwriting profit

Insurers in 2015 spent approximately £102 in claims and expenses for each £100 of motor insurance premiums earned, according to research by business adviser Deloitte.
26th May 2016
Open-access content
2

ABI calls for cyber-crime database

The Association of British Insurers (ABI) has called for the creation of a database of cyber incidents to help UK lead the global cyber insurance market.
26th May 2016
Open-access content
2

Insurers receive more than 15,000 claims for winter floods damage

Floods caused by a series of storms last winter have generated more than 15,000 insurance claims for homes and businesses, the Association of British Insurers (ABI) has said.
25th May 2016
Open-access content
2

EIOPA launches EU-wide insurance stress test 2016

The European Insurance and Occupational Pensions Authority (EIOPA) has launched a EU-wide stress test for the European insurance sector, the first since the implementation of Solvency II.
25th May 2016
Open-access content
2

Deafness insurance claims drop in late 2015 following spike

The number of deafness cases has gone down possibly due to a ‘shrinking’ number of eligible claimants, according to PwC.
24th May 2016
Open-access content
2

AXA to divest €1.8bn of tobacco investments 

AXA Group will stop investing in tobacco industry assets worth €1.8bn (£1.38bn) and is urging other insurers to follow suit.
24th May 2016
Open-access content

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