Actuaries alarmed at lack of climate policy action & more…Keep up with what has been happening this week in our latest IP news round-up…

LCP advise on £110m buy-in between Just and the Ockham Pension Scheme

The Trustee of the Ockham Pension Scheme, working closely with its corporate sponsor, Liverpool Victoria Financial Services Ltd, (‘LV=’), has announced that it has completed a £110m buy-in of the Scheme’s liabilities with Just Group plc (Just).

Quantum Advisory promotes Darren Wateridge to Principal Consultant in London

Quantum Advisory, the leading independent financial services consultancy today announced the promotion of Darren Wateridge FIA to the role of Principal Consultant. Darren, who is based in the firm’s London office, took up the role on the 1st of January 2024.

Rothesay acquires Scottish Widows bulk annuity portfolio

Rothesay has announced that it has agreed to acquire the c.£6 billion Scottish Widows in-force bulk annuity portfolio from Lloyds Banking Group. The business to be transferred covers the pension benefits of c.42,000 people.

Diversity changes to The Actuaries’ Code – your views on draft guidance

The IFoA are running a consultation about the supporting guidance to assist with the application of the new diversity, equity and inclusion (DEI) provisions in The Actuaries’ Code.

Actuaries alarmed at lack of climate policy action

Actuaries are calling for more realistic climate risk assessments, including the ‘risk of ruin’: the point past which global society can no longer adapt to climate change.