Keep up to date with the latest business and actuarial news in our weekly round-up…

 

UK banks ‘prepared for Brexit and trade war fall-out’

The Bank of England says the UK banking system is still resilient to the financial impact of a worst-case disorderly Brexit.

Donald Trump: Bitcoin and cryptocurrencies aren’t money

The US president said he’s not a fan of Facebook’s Libra, and demands digital coin companies seek a banking charter.

UK firms failing to adapt pension strategies to ageing workforce

Just one-third of UK businesses have reviewed their pensions strategy in response to the challenge of an ageing workforce, new research has uncovered.

Brazil pension reform passes first hurdle in Congress

Brazil’s lower house of Congress has voted by a large majority to overhaul the country’s generous pension system.

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.

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