Covid causes sustained increase in life insurance claims
Aegon paid 7 per cent more protection claims in 2021 when compared to figures from the year before according to its latest published data. The insurer said this increase was driven by...
UK
DB schemes move back into surplus, despite market volatility
The majority of FTSE 350 companies ended up with a pension surplus at the end of 2021, as DB schemes emerged from the red in 2021. Latest figure from Willis Towers Watson’s...
Punter Southall Aspire CEO joins Oxford Brookes Business School
Punter Southall Aspire’s chief executive, Steve Butler, has been appointed by Oxford Brookes Business School as a visiting industrial fellow. This scheme was set up by the university’s business school to strengthen...
Bereavement, illness and injury claims totalled £18.6m a day in 2021
Individual and group life insurance, income protection, and critical illness claims totalled a record £6.8bn in 2021, according to the latest figures from the Association of British Insurers (ABI) and Grid. This amounted...
New TPR code to lead to widespread governance changes for DB schemes
Two-thirds of DB schemes think there will be major changes to governance practices over the next two years as a result of The Pension Regulator’s new code of practice. TPRs new single...
Schroders urge oil & gas majors to publish Paris aligned climate targets
Schroders has said that it is pre-declaring its vote intentions for three oil and gas majors, Chevron, ExxonMobil, and Shell, to support a faster transition to net zero. The Paris Agreement, which...
Retirement savers struggle to consolidate pension funds – research
Pension savers with multiple funds are struggling to consolidate their pension savings into a single fund, which could decrease annual fees and administration time, according to pension specialists iSIPP. According to the...
L&G launches ‘value of wellbeing investment’ platform
Legal & General group protection has partnered with Fruitful Insights to deliver data on the costs and causes that contribute to decreased productivity and wellbeing. According to Legal & General, the platform...
Pension Superfund appoints eight new directors
The Pension SuperFund has appointed eight non-executive directors to its board, including the former CEO of Aviva Life. These appointments come as the Pension SuperFund applies for assessment from The Pensions Regulator. It...
79pc of Gen Z employees considering job move – research
Nearly 79 per cent of Gen Z employees have thought about moving jobs in the last six months, according to benefits and rewards platform Perkbox. According to a survey of 2,000 employees...
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