Consulting actuaries probe AI challenges & more…Keep up with what has been happening this week in our latest IP news round-up…

Mergers and Acquisition activity falls in 2023

The UK financial services industry reported 273 deals in 2023, representing a 9% fall from the 301 deals recorded in 2022, according to EY’s latest financial services M&A analysis. The total disclosed deal value for the year also fell from £14.9bn in 2022 to £12.1bn in 2023, which is the lowest figure since 2014.

Aviva completes £140m bulk annuity deal with the Guilbert UK Retirement Benefits Plan

Aviva has completed a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan1 (“Plan”) which is sponsored by Office Depot UK Pension Sponsor Limited.

WEF gives stark warning on misinformation

Extreme weather and misinformation are the most likely triggers of a global crisis in the next two years, according to the World Economic Forum (WEF).

GAD report questions future viability of State Pension

Broadstone comment on The Government’s Actuary Department (GAD) update release on The National Insurance Fund ahead of the benefit uprating’s in April.

Consulting actuaries probe AI challenges

The Association of Consulting Actuaries has launched a steering group to examine the implications of artificial intelligence (AI) for the pensions industry.