Keep up with what has been happening this week in our latest actuary news round-up…
LCP has released their latest pensions de-risking report; which predicts that 2020 will be one of the biggest years on record for the buy-in buy-out market. The reports showed that volumes will potentially exceeding the £24.2bn in 2018.
In Allianz’s latest Global Insurance Report, it is predicted that the coronavirus crisis will shrink the global insurance premium income by 3.8% this year. Making it three times larger than the 2008 financial crash; which was only 1%.
Gita Gopinath, the International Monetary Fund’s (IMF) economic counsellor, has said that the UK government should prioritise spending on green projects to start the recovery from the coronavirus crisis and create jobs.
Insurer, Zurich, has published its ethnicity pay gap figures for 2020to tackle inequality in pay for its ethnic minority employees. The data for ethnic minority workers shows a 9.8% gap for the average hourly pay; which is an improvement compared to the 11.8% gap in 2019.
In anticipation for the EU-UK trade deal, the Sterling will gain by 4% towards the end of year if Britain and the EU come towards a trade deal according to analysts in a recent Reuters poll.