Legal & General paid out £320.4m in claims across its group risk business in 2022. This covered claims on its group life, group income protection and group critical illness policies. Legal and General...
Almost eight out of 10 employers believe that their pension scheme offers value for money — although only half of their employees (49 per cent) agree. These findings by Cushon show there...
There is a ‘wellbeing gap’ in many UK organisations, with only a third of HR directors saying wellbeing initiatives are fully integrated into their business and talent strategy. The research by Aon...
Assets in the UK multi-employer provider DC sector shrank by £14bn in 2022, but the sector added more than 1m new active savers, an increase of 6.7 per cent, according to figures...
The Financial Conduct Authority has censured Lighthouse Advisory Services for the unsuitable advice given to those looking to transfer out of defined benefit pension schemes. These “serious failings” occurred between 2015 and...
Twenty five members of the Net Zero Asset Managers’ Initiative (NZAMI) are potentially misleading clients, according to a green think tank —by having more than $365bn (£295bn) invested in 15 of the...
Aviva has improved its Group Protection online platform Aviva Group Protection Online (AGPOL) to enable intermediaries to self-serve renew Group Protection contracts for up to 250 lives. This update reduces the average...
Pension company Smart has raised a further £76m in its latest funding round. This series E funding has been led by Aquiline Capital Parents and includes investments from Fidelity International, Natixis Investment...
The group risk industry paid out £2.21bn in claims in 2022, a figure that is down by £12.3m on the previous year. Figures from Group Risk Development (Grid) show this is due...
The Financial Reporting Council (FRC) has published a consultation to revise Technical Actuarial Standard 300 (TAS 300) and introduce Technical Actuarial Standard 310 (TAS 310), aimed at ensuring the actuarial standards in relation...
