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The Actuary July 2017

Issue date: July 2017

In this issue...

2

UK FinTech investment booms

Total FinTech investment in the UK reached $1.4bn (£1.07bn) in the second quarter of 2017, according to new research by KPMG.
Friday 4th August 2017
Open-access content
2

Self-employed fast becoming 'financial underclass'

The average self-employed person in the UK is falling far behind their full-time counterparts in terms of earnings, pensions, and insurance provision.
Friday 4th August 2017
Open-access content
2

Ageing society and migration limits present 'workforce crisis'

The number of workers aged over 50 in the UK economy grew by 230,000 between the first quarter of 2016 and the first three months of this year.
Thursday 3rd August 2017
Open-access content
2

Bank of England downgrades growth expectations

The Bank of England (BoE) has downgraded its forecast for UK economic growth for 2017 from 1.9% to 1.7%, following a disappointing first half to the year.
Thursday 3rd August 2017
Open-access content
2

Hiring across UK service sector hits 18-month high

Recruitment in the UK’s service sector last month increased at the fasted pace recorded since January 2016, according to the latest IHS Markit/CIPS UK Services PMI survey.
Thursday 3rd August 2017
Open-access content
2

Almost one third of cyber breaches caused by employee error this year

Accidental cyber breaches caused by employee error or third party suppliers accounted for almost a third of the total breaches recorded in the first six months of 2017.
Wednesday 2nd August 2017
Open-access content
2

State pension age hike leaves women £32 a week worse off

Approximately 1.1 million women in their early 60s are £32 worse off each week as a result of increases to the state pension age at the start of the decade.
Wednesday 2nd August 2017
Open-access content
2

Fossil fuel subsidies result in health costs six times as high

The global health costs associated with fossil fuels are over six times greater than the amount governments pay subsidising carbon-intensive energy sources.
Tuesday 1st August 2017
Open-access content
2

Hundreds of thousands plan to pay off mortgage with pension money

Approximately 320,000 UK homeowners aged 51-65 are planning to pay-off home loans using money from their pension, according to research from Just.
Tuesday 1st August 2017
Open-access content
2

Electric cars almost 50% more expensive to insure

UK drivers opting for electric cars are paying an average of 45% more to insure their vehicle than other motorists, according to research by comparethemarket.com.
Friday 28th July 2017
Open-access content

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