XPS Pensions Group act against scams during the pandemic & more…Keep up to date with the latest actuarial news in our weekly round-up…
Lloyd’s of London estimates that the industry will pay out $100 billion – yet another “unprecedented” number during this crisis. Lloyd’s itself has been on the hook for $1.3billion.
The pensions triple lock could be scrapped in the near future as the government looks to recoup the hundreds of billions of pounds it has spent on Covid-19 support.
The specialist Lloyd’s of London insurance and reinsurance marketplace is considering the creation of a new insurance vehicle called ‘Recover Re’, designed to provide “after the event” cover for pandemic related business recovery, including the ongoing Covid-19 crisis.
The FCA has confirmed a series of temporary measures to help insurance and premium finance customers who may be in financial difficulty because of coronavirus.
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.
In the latest figures that HMRC has release which show the number and value of flexible payments from pensions; the statistics show that the amount of people that withdrew in 2019/2020 was at a record high at £9.81bn for the value of payments.
As risk of scams has increased since the COVID-19 outbreak; XPS Pensions Group are acting against them by strengthening their services to protect pension scheme members, who are more vulnerable to scams.
Leading professional services consultancy firm, Barnett Waddingham have expanded their team to add a new investment expert, Jude Bennett. He will help provide expertise across a number of investment disciplines.