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.
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 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.