Triple lock reform: A stronger lock needs a clearer key

Why the adjusted triple lock can strengthen confidence in the State Pension. The State Pension triple lock currently increases the basic and new State Pension each year by the highest of inflation, earnings growth or 2.5%. The Government intends to change this from 2029/30. In brief. The adjusted triple lock is a welcome evolution. It keeps annual protection against inflation and the 2.5% floor, while linking the State Pension back to earnings over time.

Subsidence: Are insurers prepared for compound claims cycles

Consecutive surge years may require insurers to look beyond annual notifications and manage a broader portfolio of new, existing and returning claims. The UK domestic and commercial property market is accustomed to subsidence surge years. The events of 2018 and 2022 reinforced how prolonged hot, dry weather can drive sharp increases in claim notifications and costs. Record-breaking conditions in 2025 underlined the peril’s financial significance.

The utility of my DC, of my DC

In a recent YouGov Poll, [1] [2], around 16,000 US and 5,000 UK adults were asked whether they would rather receive a guaranteed 50,000 or take a 50% chance of winning one million (dollars in the US and pounds in the UK). The results are striking with 65% of Americans and 73% of Britons opted for the guaranteed payout. In both countries, men on average were more likely than women to take the gamble. One possible reaction is to dismiss the results as evidence that people are perhaps poor at calculating expected values.

The retirement income lens

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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