Actuaries – what are they on, you may ask and where can I get some?
No this is not an entry to the Turner prize, nor is it the cover of Now! That's What I Call Goa Trance Five. It is, in fact, the image guaranteed to strike terror in the faces of annuity providers across the land – the data from the Continuous Mortality Investigation Bureau that shows how we are all living longer.
Apparently, the image shows the percentage improvement factors in graduated age-specific mortality rates for males. Who would have thought actuaries could be so colourful.
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Critical premiums climb at Swiss Life
Swiss Life is increasing its critical-illness premiums by up to 20 per cent and is no longer offering guarantees on stand-alone policies.The move follows a general trend in the marketplace, which over the last few months has seen rivals such as Norwich Union raise rates by as much as 40 per cent.But Swiss Life says […]
Equitable appoints new finance director
Equitable Life has appointed Nigel Brinn as its new finance and investments director. He was chief executive of Homeowner Friendly Society and managing director of RAC Financial Services.His appointment follows the resignation of Charles Bellringer in November, who left with a substantial payout.
Irish Life International unveils new bond
Irish Life International has introduced the 10th issue of the secured growth bond, a guaranteed equity bond that is linked to the performance of the FTSE Eurotop index over a five-year term.Investors can have their bond denominated in sterling or euros and can also choose from two capital protection options. Protecting 90 per cent of […]
Action stations
On the economic front it looks like being a difficult year, according to most commentators. We certainly seem set for a tough time. Does this mean, for financial advisers and product providers, that it is not worth trying because nobody will have the confidence to transact financial services business? Certainly not.Encouraging your clients to take […]
Testing the Foundation
The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes
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EU regulator warns outcome-based regulation in UK could pose threat to EU
The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]
Investment managers see opportunity and risk in May’s resignation
Theresa May’s announcement from earlier today that she will step down as prime minister on Friday 7 June brought a new direction to deadlocked British political scene. Yet figures from the investment management sector say her resignation does not spell the end of uncertainty, which has been holding back investment decisions. Hermes Investment Management chief […]
Tackling retirement saving among Generation X
The FCA’s Intergenerational Differences paper highlights the difficulties that people in their late 30s to early 50s face in saving for retirement. How can the industry improve their prospects? Grouping people according to age, gender, marital status and how wealthy they are is something product providers and advice firms do to tailor their services to […]
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