An industry expert has warned that 2015 would be the make or break year for European insures as the industry works on implementation of the Solvency II regulatory regime.
Many people face living on the poverty line in their retirement as UK pensions are likely to provide an average return of under £40 a week, research has revealed.
The vast majority of retirement professionals are interested in using technology to streamline pension scheme processes, according to a Barnett Waddingham survey.
European insurers risk a severe double hit from combined widespread asset price corrections and a decline in risk free interest rates, the European Insurance and Occupational Pensions Authority has warned.
The Pension Scheme Bill should be further amended to make the at-retirement guidance guarantee tougher and stop people sleepwalking into poor value products, Royal London has said.
Retirement consultant Aon Hewitt has warned that the major changes to how people access their pension savings, which are coming into play next year, could cause some scheme challenges.
The government's pensioner bonds, which become available next month, will pay interest at 2.8% for a one-year bond and 4% for a three-year bond, Chancellor George Osborne has announced.
The Financial Conduct Authority has pledged to improve its handling of market sensitive information following an external review into a communication blunder, which caused insurers share prices fall sharply.
