Last year, Council identified the growing importance of longevity risk to many financial entities and the increased number of providers of demographic experience analysis. In May 2012, a working group was set up to make recommendations on how the Institute and Faculty of Actuaries should respond to the challenges and opportunities in this area.
Women under 25 face motor insurance premium rises of up to 40% from today as the European Union ban on gender pricing comes into effect, according to PricewaterhouseCoopers.
The government has announced plans to close a loophole in auto-enrolment legislation that could allow companies to defer auto-enrolment for an estimated four million workers until October 2017.
Insured losses from natural catastrophes and man-made disasters are expected to reach approximately $65bn this year almost half the amount posted in 2011, Swiss Re said today.
The government has announced plans to end taxpayer-funded pensions for local government councillors in England, saving an estimated £7m a year of public money.
Imminent new European rules that will bring an end to insurance products being priced along gender lines will cause some disruption to British insurers but should allow them to maintain profitability, Fitch said today.
The approach being used to test proposals for a new European Union regulatory system for workplace pension schemes is seriously flawed, according to the National Association of Pension Funds.
Introducing a risk-sharing pension scheme for MPs could encourage other employers to do the same, according to the Association of Consulting Actuaries.
The proportion of over-55s working past the traditional retirement age is increasing and older people are increasingly dipping into their savings to maintain their standard of living, according to research published yesterday by Aviva.
Pension scheme investment managers expect the advent of pensions auto-enrolment to lead to the adoption of more risk-averse investment strategies, according to research published this week by Baring Asset Management.
