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

One-third of asset managers still failing to engage on climate change

More than a third of asset managers worldwide were unable to provide an example of climate change-related engagement efforts when interviewed by consultancy firm Redington recently.

Smiths Group pension scheme completes £142m buy-in with Aviva

The TI Group Pension Scheme, whose sponsoring employer is the industrial technology company, Smiths Group, has completed a £142m buy-in with Aviva.

Government confirms triple lock boost despite scepticism

The government has confirmed it will maintain the triple lock and increase the state pension in 2021-22 despite suspicions it would be scrapped due to Covid-19.

FCA proposes ‘significant reform’ of general insurance market

The FCA is proposing “significant reform” of the general insurance market to enhance competition, ensure consumers will receive fair value, and increase trust in the market.

Loyal insurance customers should not pay more, says FCA

About 10 million home and car insurance customers should save nearly £120 a year after the UK financial regulator effectively banned the industry from charging higher premiums to loyal customers.