People are undoubtedly taking advantage of the new pension flexibilities available to defined contribution (DC) pension scheme members – with the Association of British Insurers reporting that over £4.7 billion was withdrawn in April and May 2015 alone.
Quarter 3 of 2015 was another strong quarter for the UK bulk annuity insurers, and while 2015 may not surpass the record-breaking volumes of 2014, it is already the second highest year on record.
Our Pension Administration Technical Help highlights pensions news and legislation that has particular interest to what we do in Pension Administration.
In this Spotlight we analyse recent mortality improvements by cohort, including by cause of death, and assess the implications for pension and annuity portfolios.
This month we look at Fixed and Individual Protection 2016, Defined Ambition and Automatic Transfers, the latest news from TPR and a round-up of all the latest pensions news.
Ever since the publication of Article 48 of the Solvency II Directive, there has been much debate and discussion as to the role and responsibilities of the Solvency II Actuary and how actuarial departments should be structured. In the Autumn of 2015, we carried out a survey to see how UK insurers have addressed the challenges
We are pleased to introduce our first PerioDiC - a newsletter summarising the trustee, company, and other elements to be aware of which help with running a defined contribution (DC) scheme.