Warnings, Fines Fail to Stop Insurers and Banks From Overcharging Australian Clients February 26, 2025 Last week the Federal Court fined Australia’s biggest superannuation company, AustralianSuper, A$27 million for overcharging customers. The company had breached...
Insurer Storebrand to Buy Norwegian Pensions Unit From Danske Bank for $221M December 20, 2021 OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the...
UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions June 12, 2019 British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system...
China’s ‘Biggest Fiscal Risk Is Pension Risk’ from Aging Population February 6, 2018 By Bloomberg News China’s pension shortfall is emerging as the next big challenge for policy makers as they intensify their years-long campaign to...
Declining Life Expectancy Shrinks Deficits of Corporate Pension Plans: Opinion August 24, 2017 By Andrea Felsted and Elaine He The Grim Reaper has some happy news, but if pension funds turn this into a party they’re dicing with death....
EU Aims to Hike Old-Age Protection with Proposal for Pan-Europe Pension Product June 29, 2017 By Francesco Guarascio The European Commission proposed on Thursday establishing a new pan-European pension product to increase private savings for old age and...
Actuaries Have Disappointing News for Americans Including Millennials October 28, 2016 By Ben Steverman Death awaits all of us, but how patiently? To unlock the mystery of when we’re going to die, start with...
EU Needs Pan-European Pension Product to Cut Complexity, Costs: Regulator October 19, 2016 By Oliver Suess The European Union needs a common pension product because existing long-term savings offerings are too complex and costly, the region’s...
Post-Brexit Market Rout Deepens UK Corporate Pension Deficits July 1, 2016 By Carolyn Cohn Record low gilt yields following Britain’s vote to leave the European Union are deepening UK pension deficits, worsening a headache...
XL’s McGavick: Hedge Funds Grow in Sophistication in Insurance Arena January 9, 2015 By Zachary Tracer Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief...