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DWP holds AE thresholds with GBP90bn of pensions expected The DWP has issued its review of the Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2025/26, retaining all three thresholds at their 2024/25 level. DWP holds auto-enrolment thresholds with £90 billion of pension contributions expected in 2025/26 Posted in: Pensions - Articles Posted on: Tuesday Jan 21

Technology transforming insurance from AI to Cyber Risk The insurance industry is undergoing a significant transformation, driven by rapid advancements in technology. From property and casualty to life insurance, the role of digital solutions has never been more important. Today, it’s almost impossible to imagine a successful, compliant insurance business without technology at its core. But how exactly is technology reshaping the insurance landscape? And what does it mean for the future of actuarial work, AI, and cyber risk? Posted in: Articles Posted on: Tuesday Jan 21

Holidaymakers delay medical treatment until after their trip 16% of holidaymakers admit they’ve previously injured themselves or fallen ill abroad, but waited to seek medical assistance once they were home. 13% confirm this is due to not purchasing travel insurance. To help ensure Brits stay protected, Tesco Insurance is offering holidaymakers with a Tesco Clubcard 20% off their annual multi trip policies until 31st January Posted in: Life - Articles Posted on: Tuesday Jan 21

4 ways completing a tax return can help boost your pension Missing the Self-Assessment deadline not only risks a penalty for late filing but could cost individuals hundreds, if not thousands of pounds in unclaimed tax relief, according to PensionBee. Posted in: Pensions - Articles Posted on: Tuesday Jan 21

LA wildfires expose insurance crisis Following the recent devastation caused by wildfires in Los Angeles, which have resulted in billions of dollars in damage; Ben Carey-Evans, Senior Insurance Analyst at GlobalData, said: Posted in: General Insurance Article Posted on: Tuesday Jan 21

The long and winding road Standard Life customer research finds pensions only a top three priority between age 50 and 59. Saving towards homeownership dominates for younger groups. Debt, day-to-day finances, and kids the focus for those 35-49. Savers in their 40’s risk falling in a pension gap, but have time to recover Posted in: Pensions - Articles Posted on: Monday Jan 20

Schroders receive FM mandate from RNIB Retirements Scheme Schroders Solutions today announces it has been awarded a £170 million Fiduciary Management (FM) mandate by the Royal National Institute of Blind People’s (RNIB) Retirement Benefits Scheme, following an open and competitive tender process. Posted in: Investment - Articles Posted on: Monday Jan 20

Pensions must be used for income rather than wealth transfer Broadstone supports the Government’s aim to ensure that pensions are used for the primary purpose of providing an income for the member. But holds concerns around the value and control of lump sums from DB schemes and death in service policies in the proposals Posted in: Pensions - Articles Posted on: Monday Jan 20

LIIBA publish their 2025 agenda A groundbreaking project to quantify the monetary value of London’s brokers to the global economy is at the centre of LIIBA’s newly published agenda for 2025. Posted in: General Insurance Article Posted on: Monday Jan 20

Cheaper and more effective alternatives to IHT plans The Autumn 2024 Budget included plans to impose Inheritance Tax (IHT) on unused pension funds and death benefits from April 2027. HMRC is now consulting on its proposals to achieve this by making Pension Scheme Administrators (PSAs) liable for the reporting and payment of IHT. However, the same consultation states it is open to any “viable alternatives”. Posted in: Pensions - Articles Posted on: Monday Jan 20

Response to Triple Lock means testing comments Aegon has called for ‘a future focused debate on a sustainable state pension’ following comments on the Triple Lock by Conservative leader Kemi Badenoch. The pension provider has suggested a three year ‘smoothing’ suggestion rather than means testing to give state pensioners more certainty while also having intergenerational fairness at its core. Posted in: Pensions - Articles Posted on: Monday Jan 20

Football Governance Code overhaul are we game English football is on the brink of a governance overhaul with the Football Governance Bill 2024. We look at what clubs and leagues need to be prepared for. Introduced to Parliament on 13 November 2024, the bill represents a bold attempt to address the long-standing challenges of financial mismanagement, governance failures, and the need for stronger fan representation in the game. This latest iteration aims to establish an Independent Football Regulator (IFR) to oversee financial sustainability, governance standards, and fan engagement across the top five tiers of English men’s football. Posted in: Articles Posted on: Friday Jan 17

Ahead of Blue Monday latest mental health figures released Ahead of Blue Monday, GRiD has released figures showing that, over the past decade, mental health conditions have been either the first or second highest cause of claim by employees on work-sponsored group income protection (GIP) policies. Accordingly, in 2023 (latest data available), 22% of GIP claims were for mental illness which was just shy of the 24% for cancer - the most claimed-for condition on GIP last year. Posted in: Life - Articles Posted on: Friday Jan 17

Fit for Future proposals risk eroding value for LGPS members Jill Davys, Head of LGPS at Redington - a Gallagher company, commented: “While we are broadly supportive of some elements of the “Fit for Future” proposals, such as the good governance inclusion and some consideration of how best to deliver local investing, it is vital the government puts greater emphasis on the management of timeframes and potential conflicts of interest when it comes to investment pooling or else it risks eroding value for pension funds and their local stakeholders. Posted in: Pensions - Articles Posted on: Friday Jan 17

Response to Governments pensions megafunds consultation ABI and Hymans Robertson comment on the Governments review of the pensions system, which aims to boost investment in the British economy whilst optimising returns for savers, the Government has sought views from the industry on proposed reforms to deliver scale, accelerate consolidation and drive a focus on value over cost in the Defined Contribution (DC) workplace pensions market.   Posted in: Pensions - Articles Posted on: Friday Jan 17

Chancellors LGPS investment proposals put GBP400bn at risk £400bn assets at risk from UK Governments’ overly ambitious plans to overhaul LGPS Investment, warn LGPS pension bosses. More than a quarter of LGPS Funds urge Government to rethink plans to overhaul LGPS investment strategy advice Posted in: Pensions - Articles Posted on: Thursday Jan 16

LCPs new Scheme Stewardship platform The Pension Playpen forum on LCPs new Scheme Stewardship platform Posted in: Articles Posted on: Thursday Jan 16

Current climate policies risk catastrophic impacts The global economy could face a 50% loss in GDP between 2070 and 2090 unless immediate policy action on risks posed by the climate crisis is taken, warns a new report by the Institute and Faculty of Actuaries (IFoA). Posted in: General Insurance Article Posted on: Thursday Jan 16

LCP appoints Holly McArthur as Head of Sole Trusteeship LCP has appointed Partner Holly McArthur as Head of Sole Trusteeship in response to the steep growth in this area of the professional trustee market. An LCP survey last year highlighted that now a quarter of UK DB pension schemes have a sole trustee appointed, following an impressive 30% growth in the number of appointments in just one year. Posted in: Lifestyle Article Posted on: Thursday Jan 16

Danger of Government agenda disrupting current pension plans In their response to the DWP consultation ‘Pensions Investment Review: Unlocking the UK pensions market for growth’ the Association of Consulting Actuaries (ACA) says that, whilst the Association supports the drive for scale and investment in productive assets, the proposals outlined in the consultation could have negative consequences for savers and employer support for pensions at a time when savings adequacy is long-term societal challenge. Posted in: Pensions - Articles Posted on: Thursday Jan 16

Car insurance records biggest annual fall in over 10 years Comprehensive car insurance premiums have decreased by 16% (£161) during the last 12 months. UK motorists are now paying £834 on average, according to the latest Confused.com Car Insurance Price Index in association with WTW Posted in: General Insurance Article Posted on: Thursday Jan 16

Record low death rates in 2024 The Continuous Mortality Investigation (CMI) publishes frequent mortality analysis for England & Wales through its mortality monitors. This update covers the period to 3 January 2025 and in particular, sets out results for the whole of 2024. Posted in: Life - Articles Posted on: Thursday Jan 16

LMA to focus on growing Lloyds US presence in 2025 Sheila Cameron, CEO of the LMA has today announced a new focus on the North American market for the LMA’s activities. Describing the rationale for this , she said: “The North American market has for many decades been critical to premium volumes and profitability for the Lloyd’s market. Posted in: General Insurance Article Posted on: Wednesday Jan 15

Two weeks until the self assessment tax return deadline Self-employed and higher earners need to submit their return online by 31st January. HMRC collected £220 million in late filing fines last year. Those who earnt £50k or more or more and claiming Child Benefit in the 2023/24 tax year also need to fill out a self-assessment by the end of the month – this rises to 60k for the current tax year. Hints and tips from Standard Life on tax self-assessment Posted in: Pensions - Articles Posted on: Wednesday Jan 15

2025 floods to sink insurers if poor communication continues Drowning in claims: Insurance industry must address communication gaps, or the cost of flooding will keep rising, Quadient warns. Outdated communication leaves homeowners unprepared, driving up damage and payouts amid the UK flooding crisis Posted in: General Insurance Article Posted on: Wednesday Jan 15

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