Happy New Year! Catch up with what’s been happening over the Christmas break with our latest actuarial news round-up…

 

Top boss pay overtakes staff in three days, report says

In the first three days of 2019 top bosses will have earned more than the typical worker will earn all year, according to a report.

Gaming sector now larger than video and music combined

The video games sector is now worth £3.864bn, meaning that it is a larger market than video and music combined.

Apple’s shock downgrade rattles global stock markets

Apple shares lost more than 9% of their value on Wall Street after the company admitted in its first revenue warning to investors since 2002 that it was being badly affected by weaker growth.

Bank of England appoints two women to Financial Policy Committee after criticism over diversity

The Treasury has appointed two women to the Bank of England’s financial policy committee, the chancellor announced on Thursday. It comes after the central bank was criticised for allowing gender diversity to go into reverse at senior levels.

Price caps proposed to crack down on insurance ‘loyalty penalty’

The Competition and Markets Authority found that nearly 12 million people in the UK are charged a higher price than new customers when they renew their home insurance policies.

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