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

 

UK business confidence matches 2008 low in May – Lloyds Bank

British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.

FERMA calls for new framework to address lack of business interruption insurance

The Federation of European Risk Management Associations (FERMA) has called on European Commission to create a resilience framework to address a “severe shortage” of business interruption insurance without physical damage.

French court orders insurer AXA to pay restaurant’s covid-19 losses

A Paris commercial court has ruled that French insurer AXA will have to pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurant’s lawyer said on Friday.

3i Group Pension Plan completes £650m buy-in with L&G

The trustees of the 3i Group Pension Plan have completed a £650m bulk annuity deal with Legal & General.

Tens of thousands of women missing out on £100m in state pension uplifts – Webb

Tens of thousands of married older women could be entitled to a higher rate of state pension than they are receiving, analysis by LCP has revealed.

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