All articles by LII editorial
LII editorial
Retirement gloom descends on the UK
This ominous announcement is based on a study conducted by the insurer of individuals aged 45 to 65 who have financial plans in place to provide for their long-term future.
AVIVA India streamlines microinsurance processing
To address the problem, AVIVA India and its long-standing partner, BASIX have introduced a straight through processing (STP) solution which they claim is a first in India
UK pension scheme membership continues its downward trend
Continuing a long-entrenched downward trend, membership of occupation pension schemes in the UK fell again in 2010, the Office for National Statistics (ONS) has reported
Danish pensions giant storms into UK market
The objective of NOW: Pensions is to target employers who opt for the default fund, the National Employment Savings Trust (NEST), which has been established by the government as an alternative for employers not wishing to appoint a fund management company.
The Hartford takes waiting out of buying life insurance
To remedy this shortcoming, the US insurer has introduced Issue First, a solution it claims reduces the time required to issue a permanent life insurance policy from 48 days to five days
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3 US insurers set for systemically important status
The starting point for a review of a non-bank by the FSOC to determine whether it is a SIFI under the proposed guidelines would be total consolidated global assets of $50bn for US groups and $50bn of total consolidated US assets for foreign groups
Online employee benefit enrolment takes lead
When it comes to employee benefit online enrolment is the way to go reveals a study by US mutual insurer The Guardian Life Insurance Company of America (Guardian).
UK banks pay-up big time for PPI mis-selling
Mis-selling of payment protection insurance (PPI) has taken a heavy toll on Spanish bank Santanders UK business units profit, reducing what would have been an attributable profit of £1.197bn ($1.8 bn) in the first nine months of 2011 by £538m to £659m
Axa Wealth talks up growth plans
To achieve this target will require a significant acceleration in the 10% year-on-year growth pace reported by Axa Wealth in the first nine months of 2011
EU faces pension regulation dilemma
A battle of wills has erupted in the European Union over the thorny issue of defined benefit pension scheme regulation