An updated funding code due in 2020 could add £100bn to defined benefit (DB) pension scheme deficits in the UK and cause employer contributions to double, KPMG analysis has revealed.
UK financial services have suffered another quarter of falling business volumes, with growth in the investment management sector declining faster than at any point since the end of 2008.
Life insurers are failing to find value for money in actuarial consultants due to intrinsic weaknesses in the hiring process, a survey by Barnett Waddingham has uncovered.
Global businesses have failed to provide detailed and transparent workforce data in response to a request from more than 120 investors managing over $13trn (£11trn) in assets.
Insurance payouts for businesses struggling to cope with bad debts are at their highest level since 2009, the Association of British Insurers (ABI) has revealed.
The UKs 100 largest listed companies are set to transfer £300bn of pension liabilities to insurers through full buy-outs over the next decade, up from just £5bn today.
California could become the first US state to mandate climate-related financial disclosures for insurers after more than 60 public interest groups petitioned Insurance Commissioner Ricardo Lara yesterday.
UK employees paid more into defined contribution (DC) pension schemes than defined benefit (DB) schemes for the first time last year, the Office for National Statistics has revealed.
False insurance claims jumped by more than a quarter across the UK last year, with home and car insurers reporting the largest increase, new data shows.
Almost half of adults aged over 45 in the UK are unaware that they could enjoy savings on their car insurance through telematics technology, a survey has found.
