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

Fewer excess deaths in England and Wales for the eight week in a row

Analysis from the Continuous Mortality Investigation (CMI) has shown that there have been less deaths than expected this time of year for the eighth week in a row. Based on data from the Office for National statistics, CMI shows that there have been 3% fewer deaths registered between 1-7 August than during the same time last year.

Legal & General completes £530m transaction with Siemens

Legal & General have secured the benefits of over 2,000 UK retirees in their £530m buy-in for the Siemens Benefit Scheme. The transaction is schemes’ first Pension Risk Transfer with Legal and General; which builds from a previous transaction completed in 2018.

Australians panic buying life insurance during pandemic

Research from GlobalData, a data and analytics company, has found that the demand for life insurance among high net worth investors has increased due to the growing concerns of the pandemic. It was shown that the rise in demand was higher in Australia than in any of the other 19 countries that GlobalData have studied.

UK public debt is bigger than the size of the UK economy for the first time

New data from the Office for National Statistics has shown that by the end of July the public debt was £2tn for the first time in over half a century which is bigger than the size of the UK economy.

Home sales at a record high after lockdown

Rightmove, has reported that the highest number of home sales agreed has been 20% higher than previous records. The property website has used 90% of British estate agents to track data of homes sales for over a decade.

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