Somebody in the Bank of England understands pensions

September 13, 2016 Tom Murray

Pensions Bank of England

Somebody in the Bank of England understands pensions   There was much consternation in the pension world recently when the Bank’s chief economist, Andy Haldane, stated in an interview that he “could not make the remotest sense” of pensions.  However, before we all start to lose sleep over the fate of the BoE employees and their future retirement plans, it has become clear that there is someone in Threadneedle Street who appears to know exactly how pensions work.
Read More

Downward spiral continues for pensions

September 05, 2016 Tom Murray

Pensions defined contribution UK pensions DB defined benefit

Downward spiral continues for pensions This week’s news that Carclo, a major technical plastics manufacturer in Yorkshire, has warned that its final dividend to shareholders will be reduced or eliminated in order to shore up the company’s defined-benefit pension fund, starts to bring the reality of the crisis in pensions home to a wider audience.  The significant decrease in bond-values, the primary investment component of most defined benefit pension funds, since the EU referendum result means that the liabilities have grown significantly, and therefore the shareholders share of the profit must be sacrificed to plug the gap.
Read More

Exaxe announces 44% increase in sales and job creation plans for next two years

August 23, 2016 Sharon Cronin

recruitment drive Press releases client wins Careers exaxe jobs

Exaxe announces 44% increase in sales and job creation plans for next two years   Dublin, Ireland, 23rd August 2016. Exaxe, the award-winning specialist SaaS solutions provider for the life and pensions industry, today announced a 44% increase in revenues for the year ending 2015 and its plans to create at least 20 new jobs over the next two years.
Read More

Actuarial Post: Oz goes back to basics with Pensions - Life & Pension

August 10, 2016 Tom Murray

Pensions superannuation uk annuities compulsory annuity annuities

Oz goes back to basics with Pensions This article was originally commissioned for the July 2016 edition of the Actuarial Post.
Read More

Liar Liar, pants on fire; ABI say “Premiums Higher”

July 26, 2016 Tom Murray

insurance ABI CLAIMS

Liar Liar, pants on fire; ABI say “Premiums Higher” The amazing thing about many statements from the insurance industry is that they reveal just how internally focused the whole industry has become.  A typical example came following the Supreme Court’s decision that an insurance claim could not be struck out on the basis of a collateral lie.  This was defined as meaning a lie that was not relevant to the actual claim and therefore the claim would have been successful even if the lie had not been told. 
Read More

TechLife Newsletter July 2016

July 25, 2016 Sharon Cronin

newsletter exaxe Exaxe newsletter Exaxe News Exaxe client wins

TECHLIFE NEWSLETTER JULY 2016 The July print edition of TechLife is now available online. TechLife is published every quarter and is filled with news, opinion pieces, white papers and information on legislative changes within the life and pensions industry in the UK and abroad.
Read More

Pensions Minister job downgraded… but not far enough

July 19, 2016 Tom Murray

Pensions pensions minister uk government

Pensions Minister job downgraded… but not far enough The summer has been notable for the number of retirements from the political scene.  Gone are the Prime Minister and Chancellor, the Leader of UKIP, and a large swathe of ministers and shadow ministers.  These are off to join the jetsam of ex-Ministers washed up by the last general election, just one year ago.
Read More

Brexit - Keep Calm and Carry On

June 27, 2016 Tom Murray

Pensions Brexit Life financial services

Brexit – Keep Calm and Carry On The shock reverberating throughout the UK financial services sector from the success of the ‘Leave’ vote is palpable.  The plunging pound and falling stock markets have contributed to an air of panic throughout the business world.  And yet in many ways, the effect on businesses will be far less dramatic than the over-excited media would have you believe. 
Read More

The man from the Pru runs from annuities

June 23, 2016 Tom Murray

annnuities Prudential

The man from the Pru runs from annuities The Open Market for conventional annuities received another blow as one of the most trusted brands in the space exited the field.  Prudential have announced that they will only sell products to existing customers or those going through its direct channel in future.  Clearly Prudential have decided that the introduction of pension freedoms has reduced the market for conventional annuities to a level where it is no longer worth making an effort to dominate.
Read More

Actuarial Post: Could Britain care less about getting old?

June 09, 2016 Tom Murray

Long Term Care retirement

Could Britain care less about getting old?  This article was originally commissioned for the June 2016 edition of the Actuarial Post.
Read More

Subscribe to Blog Updates

EZine Sign Up