Keep up to date and in the know of the latest actuarial, business and finance news, thanks to Actuarial Careers’ weekly round-ups…

 

Majority of DB pension schemes in deficit, PPF warns

Despite the highest funding increasing since 2014, Pension Protection Fund (PPF) findings have highlighted the risks still facing DB funds, particularly in light of the current economic and political climate.

RBS braces for no-deal Brexit by shifting £13bn to Netherlands

In a move to allow RBS to continue serving European customers in the event of a no-deal, the group are preparing to move a third of investment banking clients and billions of assets out of the UK to Amsterdam.

China-US feud threatens Canada as Huawei executive due in court

The arrest of Meng Wanzhou, global chief financial officer at Huawei telecoms in Vancouver last week for allegedly violating US sanctions on Iran now appears set to impact on Canada’s previous attempts to build closer ties with Beijing.

UK house prices rise at slowest pace in six years as Brexit nears

Uncertainty in the short term is putting people off house purchases as Brexit looms on the horizon, as the UK housing market sees its slowest pace in prices rises in six years.

Motability charity boss to go after extra bonus revealed

In light of reactions to a National Audit Office report revealing that Mike Betts stood to receive an “obscene” extra bonus of £1.86m, the boss of a charity who arrange cars, scooters and wheelchairs for the disabled will stand down by 2020.

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