The Institute and Faculty of Actuaries (IFoA) was delighted to give evidence to the Justice Select Committee on 1 November on the draft personal injury discount rate legislation.
British pensioners relying on the government can expect a lower percentage of their working salary as retirement income than those from any other country in the OECD.
Welcome to our bulletin bringing you the latest news from the IFoAs Council to keep you informed about what we are doing and the issues we are thinking about.
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.
