This year is set to be the biggest on record for pension scheme de-risking in the UK, with £65bn of bulk annuity and longevity swap transactions forecast.
Capital spending on physical assets for energy and land-use systems will have to increase by 60% to around $9trn (£5.7trn) every year to deliver net-zero emissions across the global economy by 2050.
Three insurance companies have been accused of insuring the majority of Brazil’s offshore oil and gas drilling, despite their public commitments to help tackle climate change.
The Pensions Regulator (TPR) has today launched a consultation on a new code of practice for the authorisation and supervision of collective defined contribution (CDC) pension schemes in the UK.
The Institute and Faculty of Actuaries (IFoA) has given its support to a cross-party group of MPs calling on the UK government to do more to boost uptake of pensions guidance and advice.
Storms, floods, wildfires and earthquakes destroyed assets worth $280bn (£206bn) last year, which is a third more than the $210bn of losses recorded in 2020, Munich Re has revealed.
The UK government has published its third climate change risk assessment, which highlights eight individual threats posed to the economy by rising temperatures.
The cost of comprehensive car insurance in the UK fell by 6% last year due to intense competition between insurers and fewer journeys taken during lockdowns.
