No discount for public sector pensions

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A change by the UK government in the discount rate used to calculate the size of pension liabilities has increased the liabilities of the two largest public sector pension schemes - the health service and civil service pension schemes - by a combined £29 billion, with both schemes' deficits increasing by £52 billion.

Following advice from the Financial Reporting Advisory Board (FRAB) - an offshoot of the UK Treasury that sets accounting standards across the whole of government - the government's

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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