Small firms are increasingly looking to interact with their insurers online, suggesting the market is set to experience a similar digital transformation to the one seen for personal insurance.
UK GDP is expected to grow at a rate of 1.5% this year and next before falling to 1.3% in 2019, according to forecasts released today by the Confederation of British Industry (CBI).
Sharing administration and transaction resources between investment managers could save a typical defined benefit (DB) pension fund £700,000 a year in fees.
The UKs social care sector is being propped up by care homes charging those that can afford to pay for themselves more than the fees paid by councils to fund residents.
It is increasingly likely that actuaries and investment consultants could face legal action should they fail to recognise the financial implications of climate risks.
Millions of people living in the EU and the UK could see their insurance policies become redundant without a political agreement during Brexit negotiations.
Young adults should receive similar retirement incomes to todays pensioners, despite widespread pessimism among millennials about their financial futures.
The UK government has said it will harness the power of innovation to help meet the needs of an ageing society in its industrial strategy published today.
