Keep up with what’s been happening this week in our latest actuary news round-up…
Big Four accountancy firm, Deloitte are planning to cut pension contributions for UK staff; in a bid to maximise cost savings during the current coronavirus pandemic.
The Bank of England has analysed what would happen to the economy if the lockdown gradually phases out between June and September; it was shown that the economy could shrink up to 14% this year based on the lockdown being relaxed possibly leading to the deepest recession on record.
In an attempt to slow down the spread of the coronavirus in South Africa; there has been a lockdown which could now be doing more harm than good, according to actuarial findings. A new model developed by local actuaries shows that the lockdown can lead to 29 times more lives.
Zurich’s charity, Zurich Community Trust (ZCT), has announced a £2m support package for national and local charity partnerships working to tackle the COVID-19 pandemic.
The Investor Agenda Group has issued a statement to the government in a letter urging them to not forget about climate change; which would lead to further financial, health and social risks if the government’s recovery plan is not sustainable.