Pensions

News

FCA fines Prudential £24m for annuity sales failures

UK regulator said the insurer had failed to treat some of its customers fairly

Rothesay Life claims UK's largest pensions buy-out deal

Liabilities valued at £4.7bn to be transferred from GEC pension plan

IFoA announces themes for quality reviews

UK actuaries’ body launches first part of quality monitoring scheme

Novis adopts ReMetrica for life and health capital modelling

Innovative Slovakian insurer is growing fast across central and eastern Europe

L&G crystallises £930m buy-in for Tate & Lyle

Bulk annuity markets heading for record-breaking year

Legal & General seals £35m law firm pension buyout

The scheme was an existing client of LGIM

FRC begins review into equity-release mortgage accounting

Action follows Prudential Regulation Authority’s reforms on regulatory approach

Legal & General completes Hitachi Data Systems bulk annuity deal

This is the third buy-in deal between Legal & General and the Hitachi plan

Rothesay Life seals £520m buy-in with Cadbury Mondelēz Pension Fund

It is the second tranche of de-risking undertaken by the pension scheme

Analysis

MPs grill Rule and Woods on equity release, ethics and Brexit

The UK parliament's house Treasury Committee yesterday questioned Bank of England chiefs Sam Woods and David Rule on a host of issues, including diversity, management ethics, Brexit - and insurers' treatment of equity-release mortgages. Ronan McCaughey and Christopher Cundy report

Unipol's Marisa Parmigiani: "We want to make sure everything we do is sustainable"

The sustainability manager of the Italian insurance group explains to Cintia Cheong their journey to create a sustainability policy for the company

NN's Jan-Hendrik Erasmus: "the key issue is how to embrace technology"

NN Group's chief risk officer discusses with David Walker how the Dutch insurer is positioned for M&A, why Solvency II does not need to change, longevity risk hedging and today's technology and cyber challenges

Gen Re's Jules Constantinou: technology can make insurance more meaningful

Jules Constantinou, regional manager for life and health at GenRe UK and Ireland, and president-elect of the Institute and Faculty of Actuaries, vows to make insurance more meaningful to society. He tells Cintia Cheong how technology can help achieve that

Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda

The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports

Actuaries price themselves out of data science jobs

The skills needed in the 'big data' revolution closely match those held by actuaries, but well-qualified individuals are unlikely to find the sector financially attractive, as Cintia Cheong finds in her report on actuarial recruitment in the UK