The world’s first longevity index hedge against increases in life expectancy for a pension plan’s non-retired members has been completed, says Mercer, which advised on the transaction.The Pall (UK) fund is paying...
Unum is aiming to grow the UK group risk market by making income protection, life and critical insurance cover more accessible to UK workers and by launching an online quote system for...
The Association of Medical Insurance Intermediaries (AMII) has condemned the proposed 57 per cent increase in this year’s Financial Services Compensation Scheme (FSCS) levy on its members as unfair, excessive and totally...
Paul McMahon is moving to Aegon UK to take up the role of group marketing director, leaving Friends Provident just six months after joining the provider as managing director, UK corporate.McMahon will...
To be £140 a week, or not to be £140 a week. That is the question facing pensions minister Steve Webb after Labour peer Baroness Holliseloquently described the Pensions Bill as Hamlet...
The AnswersJack McGarry, chief executive, Unum UKLong term sick leave cost the UK economy £3.7bn in 2009The Government’s Welfare Reform Bill will seek to reduce this cost by tightening the gateway to...
The big news in January this year was that the UK Government recognised the negative impact age discrimination regulations could have on risk benefits such as income protection and life cover.This was...
Very often two similar-sized international private medical insurance (IPMI) risks with a similar employee profile, in the same territory, will attract significantly different levels of premium. Why? It’s largely influenced by company...
The words ’group risk’ and ’e-commerce’ have been strangers in our industry for a long time. But in recent months there appears to have been a major transformation taking place. These days...
The landscape of private sector pension provision has changed forever. The experiment with defined benefit pension schemes has failed and those schemes that are still open are heading for almost inevitable closure.Once...
