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.
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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.
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Exaxe Announces Go-Live of Policy Administration System at Police Mutual

June 01, 2016 Sharon Cronin

client win Press releases Exaxe wins client wins exaxe

Exaxe Announces Successful Go-Live of Policy Administration System at Police Mutual
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Defined Benefits Pensions - Death by 1000 cuts

May 31, 2016 Tom Murray

RPI defined benefit plans defined benefit CPI

DB Pensions – death by 1000 cuts   The raucous noise you keep hearing in the background is the wailing of many in the pension world as they decry the attempt by the Treasury to remove the DB (Defined Benefit) albatross around the Tata Steel’s neck by restricting the pension’s annual increase to the CPI (Consumer Price Index) rather than the higher RPI (Retail Price Index) measure currently used. 
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Ireland’s pension crisis submerged by Irish Water

May 12, 2016 Tom Murray

Ireland Irish Pensions pension Irish Water

Ireland’s pension crisis submerged by Irish Water "That is no country for old men” is the opening line of Yeats’ “Sailing to Byzantium” referencing Ireland in 1928 but it could just as well apply to the Ireland of 2016. 76 days after the general election, Ireland’s new government has finally published their ‘Programme for a partnership government’, which sets out the government’s priorities for the next few years and resolving the pension’s crisis gets very short shrift.
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Investment Life & Pensions Moneyfacts: Depoliticising Pensions

May 05, 2016 Tom Murray

Pensions politics budget governement

This article was originally commissioned and published in the April 2016 edition of the Investment Life & Pensions Moneyfacts publication. Following the Budget, Tom Murray argues that pensions policy needs to be taken out of the day-to-day Government cycle and treated more like a major infrastructural project.
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Exaxe recognised among Top 10 Policy Administration Solution Providers 2016

April 26, 2016 Sharon Cronin

Press releases policy administration Awards top policy administration provider

Exaxe recognised among Top 10 Policy Administration Solution Providers 2016 by Insurance CIO Outlook   April 26, 2016 – Exaxe, the award winning, SaaS provider to the insurance industry, has been named in the Insurance CIO Outlook’s Top 10 Policy Administration Solution Providers list of 2016.
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TechLife newsletter April 2016

April 18, 2016 Sharon Cronin

Exaxe News techlife

TechLife newsletter April 2016 The April 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.
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PRIIPs – Regulatio ad absurdum

April 14, 2016 Tom Murray

PRIP PRIPs regulation PRIIP PRIIPS

PRIIPs – Regulatio ad absurdum In January 2011, I wrote a blog entitled “Two pints of lager and a packet of PRIPS, please”, which was slightly less than confident about the efficacy of the EU’s proposal to introduce more regulations around the sale of PRIPS (Packaged Retail Investment Products).  Since then, teams of people in various EU bodies have beavered away at enormous cost and finally, 5 years later, their definitive directive is about to become EU-wide law. 
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The Taper-worm that’s looking to consume your income

April 05, 2016 Tom Murray

Pensions tax relief taper pension tax relief

The Taper-worm that’s looking to consume your income The start of a new tax-year means it’s time to give yourself a financial health-check. Although, thanks to the iniquity of the Retail Distribution Review, far more people will be reviewing their financial health themselves instead of turning to the expertise of an Independent Financial Adviser, given how off-putting the up-front costs for advice are.
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