Trustees of defined benefit pension schemes are constantly increasing the life expectancy of their members, adding millions to the cost of maintaining the schemes, Mercer has claimed.
The British Property Federation has accused the government of making empty promises over the Flood Re scheme designed to ensure affordable insurance cover for people and properties in high flood-risk areas.
Actuaries have today said that people coming up to their retirement would benefit from comprehensive information about how to use their savings, following government proposals on pension guidance.
Life insurers should accelerate current processes used in managing compliance as the upcoming European Solvency II deadline draws nearer, Towers Watson has urged.
The Competition and Markets Authority has back-tracked on plans to place a cap on replacement car and repair charges, which it originally thought would help steer down the price of premiums for UK motorists.
Pension experts and campaigners have criticised Financial Conduct Authoritys proposals on the guidance guarantee service, saying more time and tighter regulation is needed than currently proposed.
