Actuaries are calling for more realistic climate risk assessments which should include the ‘risk of ruin’ — the point past which global society can no longer adapt to climate change. A report...
As consultations, regulation and initiatives such as the Mansion House Compact come thick and fast, we must begin to prioritise what is important: improving member outcomes using less liquid asset classes. While...
The surplus on FTSE 350 pension funds stood at an aggregate of £59bn at the end of February according to Mercer’s latest analysis. Mercer says these surplus levels have now persisted for almost...
A number of DC pension schemes have been wound-up after failing to satisfy the regulators new ‘value for member’ assessments. The Pensions Regulator has already fined one corporate trustee for failing to...
User data from Canada Life’s myStrength app reveals that mindfulness is the top mental health tool preferred by UK employees. The data shows that in 2023 mindfulness activities accounted for 36 per...
Barnett Waddingham is expanding its bulk annuities team with the appointment of Nikhil Patel as senior risk transfer actuary. Patel is an experienced risk transfer specialist, and joins from Mercer where he...
Broadstone has appointed Rachel Coles as a workplace engagement consultant. Coles joins Broadstone's DC workplace savings team, part of the employee benefits consulting business, which helps about 800 firms offer cutting-edge benefit and...
Superfund Clara-Pensions will take over the £600m Debenhams Pension Scheme, ensuring that 10,400 employees of the former department store will get their pensions paid in full. This is the second pension scheme...
Pension Freedoms, introduced a decade ago, increased retirement flexibility but also added complexity in choosing retirement income options, resulting in a growth in drawdown usage. The industry emphasises ongoing innovation to ensure...
The Department for Work & Pensions (DWP) consultation on its ‘pot for life’ proposals closed in January, eliciting strong industry debate from those in favour and those against. Beyond the theorising, however,...
