Keep up to date with what’s been going on this week in our weekly actuarial and finance news round-up…

 

RBS report branded ‘whitewash’ by MPs

A report by the financial watchdog, which recommends no further action against the Royal Bank of Scotland’s controversial restructuring business, has been called a “whitewash”.

Outdated technology ranked the top risk for insurers worldwide

Legacy IT infrastructure and business models pose the greatest threat to the global insurance sector, a poll of more than 900 senior industry experts has found.

Pension Superfund offers ‘safe harbour’ for Arcadia pension schemes

The Pension Superfund has suggested that it would be interested and acquiring the Arcadia pension schemes following the retailer’s company voluntary arrangement (CVA) proposal approval.

Bad debt insurance claims at highest since 2009

The number of insurance claims made this year by UK businesses facing bad debts has reached its highest level in ten years, figures published today show.

Swiss Re confirms UK unit ReAssure’s plan for London IPO

Swiss Re AG confirmed that its ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business.

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