Keep up with what has been happening this week in our latest actuary news round-up…
According to research from XPS Pensions, it has found that accounts from UK companies could be overstating pension liabilities by up to £60bn due to the Covid-19 pandemic.
KMPG’s sixth annual survey or risk and Internal Capital Adequacy Assessment Process has show that investment firms increased their risk controls during 2020 as a result of the Covid-19 pandemic.
The National Infrastructure Strategy has published the government’s plans to change the UK’s infrastructure network by setting up an infrastructure bank to work with pension fund which will support investments.
The UK state pension is set to rise by 2.5% in April 2021 and will possibly have a bigger rise the following year seeing retired people receiving a 4.1% rise in their state pensions.
Just Group have completed a £74m buy-in with a £170m UK pension scheme of an American-listed engineering business where the transaction leader Cartwright partnered with K3 Advisory to increase its access to the bulk annuity market.