Solvency ii: The final frontier

More people are making inquiries to transfer from defined benefit (DB) to defined contribution (DC) pension schemes but not many are switching.

Pension trustees preparing to comply with the revision of the EU directive on Institutions for Occupational Retirement Provision (IORP) are facing challenges as a result of the UK’s Europe in/out referendum, an event was told.

The result of a referendum on the UK’s membership of the EU could have a significant impact on how actuaries work, according to the IFoA.

The standard formula should be a “good fit” for most UK insurance firms when complying with Solvency II, but firms still need to assess whether it is appropriate, an actuary has warned.

Older people face “huge increases” in the cost of travel insurance but they are claiming less, says Which?.

Nine Western nations including Ireland have been rated ‘at an increased risk of terrorism’, according to a report by Aon Risk Solutions.