The ‘Freedom and Choice’ reforms shook up the market a few years ago and said that people were free to use their pension pot as they wish. However, more freedom equals more choice and that makes choosing what to do at retirement more complex.
The valuation process for Local Government Pension Scheme (LGPS) Funds is now underway and while the information for the valuation is not yet available, we can provide some indications of the methods we will be proposing and the direction in which we anticipate the results will go.
The use of artificial intelligence (AI) within the insurance industry has been widely anticipated for years. Today this anticipation is reality.
People are surely getting regulatory fatigue by now. Solvency II has barely churned into business as usual and here comes IFRS what? It is complex, convoluted and many times worse than Solvency II, that we have just been through in the last few years.
With debt illustrations starting to land on the desks of employers who have historically participated in the ‘the Plumbing Scheme’, Chris Hawley and Matthew Giles of Squire Patton Boggs offer advice on the arising issues and challenges presented to them due this scheme.
Although the review is not intended to address the wicked question of “who is the fairest of all.” the FCA published an extensive list of examples of good and poor practice that they encountered in the review within the report.
The revision to the Code brings a new emphasis to our responsibility as qualified or student actuaries to speak up if we believe that a course of action in unethical or unlawful.
HR needs to think and act more strategically by advising on and influencing business performance from an employee proposition, experience and performance perspective, rather than just reactively responding to what the business believes it wants and needs.
We are largely supportive of most of what is being proposed in the consultation, but will still have a lot to say; the devil is in the detail and, as ever, we also need to think through any unintended consequences.
According to our Navigating Change report, free thinking and independent advice are crucial factors in avoiding retendering triggers. Paul Houghton’s latest blog provides further insight into these structural shifts.