Keep up with what has been happening this week in our latest actuary news round-up…

Workplace Pension income rises by 38% in past decade

Analysis from Equiniti, a financial services firm has revealed that UK workplace pension income rose by more than a third in the past 10 years. The findings show a 38% increase from the average pension income of £121 a week in 2008/9 to £167 a week in 2018/19.

Global shares drop amid fears of second Covid-19 outbreak

Stocks markets across the world have fallen due to the fear of a rise in coronavirus cases could cause more economic damage globally. European shares have dropped by 4% or more with some of the three main share indexes in the US down by almost 7%.

8 risk hotspots threaten high quality actuarial work

8 risk hotspots have been identified by the Joint Forum on Actuarial Regulation (JFAR) in their updated Risk Perspective which aims to show the risks that could affect high quality actuarial work. Analysis using the Actuarial Risk Identification Architecture (ARIA) methodology has also showed that Climate Related Risk is potentially the ‘defining risk of our times’.

Lloyds fined £64m for mishandled mortgage cases

City watchdog has fined Llloyds banking group £64m for treating over 500,000 mortgage customers unfairly after they had financial difficulties between 2011 and 2015.

UK economy down by 20.4% in lockdown

The economy in Britain has shrank by 20.4% in April due to the March lockdown; with the Office for National Statistics noting that the economy shrank by 24.5% compared to April last year.

Back to Top

Receive the latest Graduate Jobs Internships & Placements Profession Newsletters