Partners Life has made its first in-house recruitment for Appointed Actuarial services.
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Exciting Educational Enhancements
On July 12, 2021, the Society of Actuaries (SOA) announced two exciting enhancements to its associateship pathway: the introduction of micro-credentials and affiliate memberships.
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Just Group complete buy in deal with Keysight Technologies
Just Group has completed a buy-in transaction for the trustees of the Keysight Technologies UK Limited Retirement Benefits Plan (the plan), covering approximately £250 million of pensioner liabilities and over 750 members of the plan.
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IFoA calls for Government to prioritise future generations & more…Keep up with what has been happening this week in our latest actuary news round-up…
IFoA calls for Government to prioritise future generations
The Institute and Faculty of Actuaries (IFoA) believes a long-term view is essential to meet the needs of UK society, without placing an unfair and unmanageable burden on younger, and future generations.
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Legal & General completes £400m deal with pension fund & more…Keep up with what has been happening this week in our latest actuary news round-up…
Mercer has said that the government must work with the wider industry and HM Revenue and Customs (HMRC) to clarify any uncertainties regarding Guaranteed Minimum Pension (GMP) equalisation.
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Over half of insurers focusing on digital transformation due to the pandemic & more…Keep up with what has been happening this week in our latest actuary news round-up…
Richard Kateley, the Head of Intermediary Development has said that he will retire from the insurer after the pandemic has given him a new perspective on life.
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Keep up with what has been happening this week in our latest actuary news round-up…
The London Fund secured £100m investment from the London Pensions Fund Authority (LPFA)
The London fund was set up to help improve the quality of life for London communities by focusing on developing affordable housing, community regeneration and clean energy.
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Northern Gas Network agrees to pensioner buy-in with Legal & General & more…Keep up with what has been happening this week in our latest actuary news round-up…
Investors with assets of over $9trn, plan to achieve net zero carbon emission
30 of the world’s largest investors managing assets worth over $9trn including Legal & General Investment Management and Fidelity International, have pledged to achieve net zero carbon emissions across their investment portfolios by 2050.
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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.
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Keep up with what has been happening this week in our latest actuary news round-up…
Mercer launches analytics solution for global warming investors
Mercer has launched their analytics and advice solution called Analytics for Climate Transition (ACT) for investors looking to move into the 1.5 global warming scenario mention in the Paris Agreement.
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Covid-19 death risks could be link to air pollution & more…Keep up with what has been happening this week in our latest actuary news round-up…
Hiscox, a specialist insurer that offer their services globally has appointed Louise Marling as the Chief Operating Officer at their UK branch.
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Nearly half of pension fund trustees target buy out in long term goals & more…Keep up with what has been happening this week in our latest actuary news round-up…
M&A market data shows first positive performance recorded in 3 years
Willis Towers Watson’s new M&A data has revealed that the M&A market has recorded its first positive performance in three years on completed deals despite any impacts the Covid-19 pandemic may have had on the industry in 2020.
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Asset managers still failing to engage on climate change & more…Keep up with the latest actuarial news in our weekly round-up…
Smiths Group pension scheme completes £142m buy-in with Aviva
The TI Group Pension Scheme, whose sponsoring employer is the industrial technology company, Smiths Group, has completed a £142m buy-in with Aviva.
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Pandemic reveals lack of cyber security in businesses & more…Keep up with what has been happening this week in our latest actuary news round-up…
The Financial Conduct Authority (FCA) have reported that over £30 million has been lost to pension scams since 2017.
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Fossil fuel divestment & more…Keep up to date with the latest actuarial and finance news in our weekly round-up…
Thailand’s non-life insurance market to contract by more than 5%
The sever impact of COVID-19 on Thailand’s economy will see the country’s non-life insurance market contract by 5.6% this year, forecasts by GlobalData suggest.
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Pandemic can wipe billions off pension scheme liabilities & more…Keep up with what has been happening this week in our latest actuary news round-up…
Insurer expects car accidents abroad to increase
Data from Admiral shows that car accidents are more likely to occur in August compared to any other month in the year.
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Demand for private medical insurance to increase after Covid-19 pandemic & more…Keep up with what has been happening this week in our latest actuary news round-up…
IFoA to analyse diabetes mortality and morbidity risk
A research project analysing diabetes mortality and morbidity risk is being commissioned by the IFoA’s Actuarial Research Centre (ARC), Pacific Life Re, Partner Re, Swiss Re and Zurich Insurance Group.
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Lloyd’s of London calls for state-backed ‘Black Swan’ reinsurance government-backed scheme to help businesses receive pay-outs after huge shocks.
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Keep up with what has been happening this week in our latest actuary news round-up…
Lloyd’s of London have announced their plans to reopen their London headquarters and iconic underwriting room on September 1st.
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UK business confidence matches 2008 low & more…Keep up with the latest business and actuarial news in our weekly round-up…
FERMA calls for new framework to address lack of business interruption insurance
The Federation of European Risk Management Associations (FERMA) has called on European Commission to create a resilience framework to address a “severe shortage” of business interruption insurance without physical damage.
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XPS Pensions Group act against scams during the pandemic & more…Keep up to date with the latest actuarial news in our weekly round-up…
Coronavirus payouts to top $100B in biggest ever non-life insurance event: Lloyd’s CEO
Lloyd’s of London estimates that the industry will pay out $100 billion – yet another “unprecedented” number during this crisis.
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Mercer launch free Financial Well-being hub & more…Keep up with what’s been happening this week in our latest actuary news round-up…
Demand for buy-in buy-out pension schemes to average £37bn for the next 10 years
New analysis from Hymans Robertson suggests that there is a demand for buy-in buy-out pension schemes; which is set to average £37bn a year, with around 50% of pension schemes reaching buy-out in the next 20 years.
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COVID-19 Actuaries Response Group asks actuaries to volunteer & more…Keep up with what’s been happening this week in our latest actuary news round-up…
Zurich gender pay gap improved from 2018
Insurer, Zurich has published its UK gender pay gap figures for 2019; which shows an overall 2% increased improvement in their mean and median gender pay gap figures compared to 2018.
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Capita to work with government to help provide COVID-19 testing sites & more…Keep up with what’s been happening this week in our latest actuary news round-up…
Forum for actuaries launched amidst pandemic crisis
A COVID-19 Actuaries Response Group forum for actuaries has been launched to bring actuarial professional together to help learn about how to respond to coronavirus.
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Keep up with what’s been happening this week in our latest actuary news round-up…
Chief Executive John Neal has announced that Lloyd’s of London market will close its underwriting floors for a day to test emergency protocols due to coronavirus.
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