Talks aimed between government and the insurance industry which aim to ensure homeowners at high-risk of flooding can receive affordable cover have reached an impasse, the Association of British Insurers claimed today.
Companies are coming under increasing pressure to pay more into their pension schemes rather than rely on investment returns to meet their obligations to members, PricewaterhouseCoopers said today.
The Institute and Faculty of Actuaries is committed to ensuring the governments goal of high quality pension provision becomes a reality, immediate past president Jane Curtis said yesterday.
The government has set out a clear direction of travel for addressing the problem of short-termism in equity markets in its response to the Kay Review, the National Association of Pension Funds said today.
Encouraging more risk-sharing in pensions and ensuring the regulatory regime delivers well-run, customer-focused schemes are the top priorities in the governments plans for reinvigorating workplace pensions, which have been published today.
The proportion of workers signed up to an occupational pension scheme could increase by over 50% as a result of auto-enrolment, according to research published by the Chartered Institute of Personnel and Development today.
The European Insurance and Occupational Pension Authority could implement elements of a new regulatory system for Europes insurance industry early, even if final Solvency II rules are not introduced until 2016.
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UK pension scheme funding shortfalls are likely to increase by around £150bn if the European Commission goes ahead with plans to subject schemes to rules like those being introduced for insurers under Solvency II, pensions minister Steve Webb claimed today.
