Keep up to date with what’s been happening this week in our actuarial news round-up…

 

Carney: ‘150,000 firms not fully ready for no-deal Brexit’

About 150,000 businesses still do not have the paperwork they need to keep exporting to the EU in the event of a no-deal Brexit, Mark Carney has said.

Workplace pension scheme membership hits new heights

Membership of occupational pension schemes in the UK has increased by almost five million in just one year, the Office for National Statistics has revealed.

UK’s NEST quits smoking in two-year tobacco divestment project

The National Employment Savings Trust announced it would be excluding tobacco from its entire portfolio, a process that it estimated would take up to two years.

Consumers being badly advised on pensions, says regulator

The City watchdog has raised fresh concerns that thousands of consumers are being wrongly advised to cash in their defined benefit pension, putting them at greater risk of financial insecurity in old age.

AIG forms global reinsurance business AIG Re, names Marsh’s Schaper CEO

American International Group, Inc has announced the consolidation of its assumed reinsurance operations, resulting in the establishment of global business AIG Re.

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