Half of the U.K.'s largest pension funds with assets of more than £1 billion are considering running on rather than striking an insurance deal, a broker said on Thursday.
Half of the U.K.'s largest pension funds with assets of more than £1 billion are considering running on rather than striking an insurance deal, a broker said on Thursday.
The U.K.'s insurance standards body has launched a probe into the use of "black box" recorders in cars after a coroner called on the industry to bolster safety standards for younger drivers.
Almost two-fifths of those aged between 18 and 29 in Britain do not believe that protection insurance is necessary for people aged 35 and under, research from a health insurance company shows.
The growing threat posed by cybercriminals must be met with urgency by Britain's pension plans to ensure the sector is resilient and alive to wide-ranging legal and financial risks, the Pensions Management Institute said Thursday.
U.K. employer contribution rates for the public sector retirement savings plan have dropped by around 22%, amid an improvement in financing levels, an industry body has said.
While the ongoing changes to the senior managers and certification regime to streamline processes and remove certain restrictions are welcome, the scheme has worked well overall since its 2016 inauguration, and firms’ compliance and risk management-thinking have shown a marked improvement, say lawyers at Faegre Drinker.
