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03

IFoA funds three actuarial research programmes

The Institute and Faculty of Actuaries (IFoA) has today announced three leading research programmes to address issues in pensions and insurance such as longevity and health.
Thursday 31st March 2016
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PPI 'the most complained-about product', says FCA 

Payment protection insurance (PPI) has the highest number of complaints among financial products and services, the Financial Conduct Authority (FCA) has found.
Thursday 31st March 2016
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Risky portfolios do not match investors' appetites

The majority of the UK's ISA portfolios are in sectors with top risk ratings, but investors do not have the same requirements, a firm has warned.
Thursday 31st March 2016
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Half of new pensioners will get less than full rate

Some 55% of people retiring in the first year of the new state pension rollout will receive less than the full amount of £155.65 a week, the Work and Pensions Committee has found.
Wednesday 30th March 2016
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Annuities see revival in popularity

Annuities are increasing in popularity again, with the number of sales outstripping drawdown policies, according to the latest figures by the Association of British Insurers (ABI).
Wednesday 30th March 2016
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2

UK pet insurers pay out £1.8m a day in claims 

Pet insurance claims cost £657m in the UK in 2015, an equivalent of £1.8m per day, according to the Association of British Insurers (ABI).
Tuesday 29th March 2016
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Insurers face increasing threat from InsurTech start-ups

Competition within insurance is a significant factor affecting growth, with an increasing challenge from start-up InsurTech companies, according to the latest financial services survey published by PwC and CBI.
Tuesday 29th March 2016
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2

Three quarters of finance professionals reluctant to ask for pay rise

Some 72% of people employed in financial services have not asked for a pay increase at all in the past three years, according to a survey.
Thursday 24th March 2016
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2

Combination of drawdown and annuity can help address longevity issues

People can benefit from hybrid plans such as a combination of annuity and drawdown to protect themselves against the financial risk of living longer than anticipated, according to a report.
Thursday 24th March 2016
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2

IFoA sets out best practice for operational risk models

The Institute and Faculty of Actuaries (IFoA) has outlined measures to address the issues of operational risk for banks, insurers and other financial services firms.
Wednesday 23rd March 2016
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