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

 

Public sector debt doubles to £7.2bn for June

Public Sector borrowing hit £7.2bn last month, blasting pasts economists’ forecasts to record the highest June total since 2015, public data revealed today.

No-deal Brexit would plunge Britain into a recession, says OBR

A no-deal Brexit would plunge Britain into a recession that would shrink the economy by 2%, push unemployment above 5% and send house prices tumbling by around 10%.

Pension contributions hit record high

Employer contributions into defined contribution (DC) pension schemes at FTSE 100 companies have reached a record high, research from Willis Towers Watson has uncovered.

Government accepts pension age discrimination ruling applies to NHS scheme

A legal ruling that found age discrimination in public sector pension schemes for firefighters and judges means that different treatment based on age ‘will need to be remedied’ for NHS scheme members as well, the government has accepted.

Willis Towers Watson snags Marsh execs

Willis Towers Watson PLC on Wednesday announced that it has appointed three industry veterans and senior executives from rival Marsh LLC in a move strengthening its financial institutions based in Canada.

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