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

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.

Swiss Re pulls £3bn IPO of UK life insurance unit ReAssure

Swiss Re has pulled the £3bn flotation of ReAssure, its UK life insurance business, blaming weak investor demand.

KPMG explores sale of pensions practice

The Big Four firm is considering selling its pension advisory business against a backdrop of reform across the accountancy profession.

Half of FTSE 100 DB pension schemes could buyout by 2028

More than half of UK’s 100 largest listed companies will be able to buyout their defined benefit (DB) pension scheme within 10 years, research by Barnett Waddingham has found.

Shadow Pensions Minister calls on govt to bring forward Pensions Bill

Shadow Pensions Minister, Jack Dromey, has urged the government to accelerate the introduction of the long-awaited Pensions Bill.

Pension contributions hit record high & more...

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