Malcolm McLean comments on latest ONS figures that show since 1997 the savings held by UK households have been significantly underestimated. Possibly by as much as 3% to 6% a year.
The overall aim of the consultation is to respond to the market’s wishes and to provide mutuals with flexibility.
Institute and Faculty of Actuaries is consulting on a regulatory framework to support the roles that UK actuaries hold under Solvency II.
Once a scheme has no more active members, we call it a winding down scheme. The benefits for all members are known, albeit they may be subject to unknown future price inflation, and we don't know how long they will be paid for.
Love it or hate it, the three lines of defence concept is widely known among the insurance and banking sector as a risk governance framework.
EIOPA have released the first set of technical standards for Solvency II which are relevant to firms planning on using a number of features in the Solvency II process.
In this blog, we outline how the insurance sector is impacted by the FCA’s upcoming activities and look at relevant studies.
TPR has today published the findings of research examining how DB schemes of different sizes are impacted by administration and other running costs.
A note about TPR's DB scheme expenses research and comparison tool.