European Commission plans to create a level playing field between pension funds and insurance companies by applying the same capital requirement rules to both sectors could damage economic growth, the European Federation for Retirement Provision has warned.
Delaying the introduction of new capital requirements for Europe's insurers in order to complete a new study in the impact of the changes would be 'regrettable but necessary', Insurance Europe said today.
The Italian insurance industrys high exposure to the eurozone debt crisis means most of the countrys life insurers could have their credit rating downgraded over the next 12-24 months, Fitch Ratings said today.
At least seven UK pension funds will begin to invest in new infrastructure at the start of next year, Chief Secretary to the Treasury Danny Alexander confirmed yesterday.
Reinsurers could find themselves exposed to increased investment risk that damages their balance sheets to as they bid to increase their earnings, Fitch Ratings warned today.
The government's £375bn programme of quantitative easing has hit the over-50s hardest and actually reduced growth, rather than boosting it, according to a report published by Saga today.
A group of 10 people are set to become the latest actuaries to receive the global Chartered Enterprise Risk Actuary qualification from the Institute and Faculty of Actuaries.
The total value of the assets held by the worlds 300 largest pension funds increased by 1.9% last year to reach a new record high of $12.7 trillion, according to figures published by Towers Watson today.
