Keep up with what has been happening this week in our latest actuary news round-up…
Aegon has announced that their Master Trust will become a fully independent board and recruit a new trustee rather than the affiliate board structure it has currently in the hopes to bring additional external oversight and expertise.
After Arcadia went into administration leaving a pension deficit of an estimated £350m, the Green family have been urged to pay a promised £5om into their pension scheme which is a year earlier than they had scheduled. Lady Tina Green has pledged to pay an extra £100m having paid £50m so far.
Aviva Life & Pensions UK has completed a £875m buy-in with the Aviva Staff Pension Scheme. This is the second time the pension scheme has made a deal with Aviva after a £1,7bn buy-in in 2019.
New research from Churchill Home Insurance has revealed that around 25% of Brits who celebrate Christmas have claimed that they have had their decorations stolen on damaged with vandals causing an average of £133 of damage per occurrence.