European insurers have increased their support for Canada's Trans Mountain tar sands oil pipeline over the last year, potentially undermining global climate targets, the Unfriend Coal campaign has warned.
Businesses will be forced to reconsider their spending priorities as a result of COVID-19 pandemic, and insurers are likely to ramp up investment in artificial intelligence (AI), according to GlobalData.
Transfers between defined contribution (DC) pension schemes must still be completed in good time, despite the COVID-19 pandemic, according to updated guidance issued by The Pensions Regulator (TPR).
The number of defined benefit (DB) pension transfers in the UK fell to a record low last month amid continued market uncertainty created by the coronavirus crisis.
A group of investors managing trillions of dollars in assets has issued a statement to governments calling for a sustainable economic response to coronavirus that helps tackle climate change.
The accounting position of defined benefit (DB) pension schemes at the UK's 350 largest listed companies returned to a deficit at the end of last month as COVID-19 continued to hit the economy.
UK pension funds endured their worst-ever quarterly performance in the first three months of this year as the coronavirus outbreak devastated global stock markets.
The coronavirus crisis could result in general insurance losses of up to $80bn (£64bn) across key classes in the UK and US, new research by Willis Towers Watson (WTW) has suggested.
Global insurers must use their expertise as professional risk managers to champion a fair and green economic response to the coronavirus crisis, a group of NGOs has urged.
Defined benefit (DB) pension schemes have been told to warn members that transferring to a defined contribution (DC) scheme during the COVID-19 pandemic is unlikely to be in their long-term interests.
