Asset managers still failing to engage on climate change & more…Keep up with the latest actuarial news in our weekly round-up…
The TI Group Pension Scheme, whose sponsoring employer is the industrial technology company, Smiths Group, has completed a £142m buy-in with Aviva.
Willis Towers Watson (WTW) has warned that UK defined (DB) pension schemes may need a ‘once-a-century’ performance in order to close funding gaps by 2030, as they are overly-dependent on improbable equity returns.
As part of their monthly Transfer Watch tracker, XPS have launched a Red Flag Index which measures the incidence of possible scams in cases covered by their scam protection services. This has come after pension scams have increases this past year.
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.
The Institute and Faculty of Actuaries (IFoA) have launched a new scheme to encourage professional development. The scheme requires members to do 15 hours of activities; including two hours of professional skills training to continue their professional development.
An Insurance Analyst at GlobalData has said that insurers need to consider the ‘fluctuating risk environment created by the pandemic; especially as mental health is not typically covered in standard policies’. This was said after a poll showed that 27% of respondents want to go back to work full time; whilst 46% want a mix of home and office working.