Actuarial Post: Whose data is it anyway?

February 24, 2015 Tom Murray

protection data security Pensions UK big data

This article was originally commissioned for the Nov/Dec 2014 edition of the Actuarial Post.
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Pension ‘bonanza’ headlines encourage poor decision-making

January 16, 2015 Tom Murray

Pensions UK Centre for the Modern Family house deposits pension freedom

The media has been full of ‘pension bonanza’ headlines to describe the pension freedoms that come into effect this April. A lot of articles have focused on the dangers of people using up their pensions in a crazy burst of consumer spending giving rise to the ‘Lamborghini’ pensioner stereotype. Thankfully, it appears that the average pensioner is more sensible than this and according to the International Longevity Centre - UK (ILCUKs) research of over 5000 pre-retirees, almost 75% of them prioritise a secure guaranteed income over an income that might vary depending upon financial markets.
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What lies ahead – The UK life and pensions landscape in 2020

January 12, 2015 Norman Carroll

estate planning multi-platform service Pensions UK Retail Distribution Review

While I don’t claim to have 20/20 vision, I do have a view of what the UK’s life and pensions landscape will be like in 2020, and it is one that will be hugely different from the one we see today.
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Living in “interesting times” in the pensions’ world

December 19, 2014 Tom Murray

financial products robert kennedy Pensions UK pensions world

The apocryphal Chinese curse, “May you live in interesting times” was quoted by Robert Kennedy in his famous “Day of Affirmation” speech [1]. In it he stated that although interesting times were times of danger and uncertainty, they were generally the most creative times.
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The ship has sailed on pension reform

December 10, 2014 Tom Murray

decumulation Pensions UK politicians politics

As we reach the end of 2014, it has become clear that the Pension Reform announced last March by the Chancellor George Osborne is here to stay. It is universally popular with retirees and no potential government can hope to get in without promising to maintain it. Only time will tell if it will lead to problems further down the road. As it stands, the people have welcomed the opportunity to take charge of their own financial affairs in retirement and will dismiss anyone who lectures them on their inability to manage their own money.
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Canada can learn from UK pension reforms

December 04, 2014 Tom Murray

RRIF Pensions UK Canada annuity rate

The UK Government has embarked on a major reform of the pension regulatory environment. Prior to this, the UK‘s policy was to encourage pension saving by giving tax breaks to regulated pension savings schemes, as a quid pro quo, but demand that the retiree use the money saved to support themselves through to death.
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Successful solution proposition means keeping focused on the business

December 02, 2014 Exaxe

Life and Pensions technology Life & Pensions Blog fintech John Keegan

Aligning the business proposition to the needs of the company is vital if companies are to get positive benefits from their investment in technology. John Keegan, recently appointed Head of Proposition Delivery at Exaxe, has emphasised the importance of addressing the business need during the selection and definition phase of a technology project in order to maximise the return on the company’s investment.
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Actuarial Post: Ignore the bells and whistles, future-proofing is what’s important

November 27, 2014 Tom Murray

corporate strategy Pensions solutions system providers software

This article was originally commissioned for the Oct/Nov 2014 edition of the Actuarial Post.
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These are testing times for ‘speed to market’ claims

November 25, 2014 Tom Murray

Illustrate Plus Pensions illustration system Platforms rapid product development

The ease with which new products can be launched is one of the most common drivers for the purchase of new IT solutions. The cost and time involved in bringing new products to market has been a bugbear for the life and pensions industry and, ergo, the majority of solution vendors would claim ‘speed to market’ as one of the prime benefits that flows from the purchase of their solution.
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Income Protection… always the bridesmaid

November 05, 2014 Tom Murray

protection life protection Pensions UK growth fund

Every few years, there’s a flurry of interest in the financial media in income protection. There are strong recommendations from experts on how it can play a big part in providing financial security for families, what good value it is and how high the claims payment rates are. Then it quickly fades away again and Income Protection gets put back on the shelf.
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