Author:
ActuarialPost

Description:
In the aftermath of the Spring Statement we have seen several changes made within the pensions arena with the scrapping of the Lifetime Allowance, rather than a rumoured increase to £1.8m. This comes at the same time as the Annual Allowance is being increased by 50% from £40,000 to £60,000, and the Money Purchase Annual Allowance being raised from £4,000 to £10,000. This was then quite swiftly followed by an unexpected rise in inflation to 10.4% and an eleventh in a row rate rise from the Bank of England to 4.25%. Spring has definitely sprung. In this month’s edition of the magazine we have Martyn Mathews from LexisNexis Risk looking at insurance automation gaining traction through data injection. WTW examine why insurers cannot afford to be ESG spectators. GAD actuary Sam Davies invites you to take a survey within his article on AI and Machine Learning Our regular authors are once more in attendance covering articles that include Zoe Bolton interviewing Chief Actuary from Hamilton International, Olivia Zheng. Fiona Tait takes a more detailed view of the Chancellor’s abolition of the LTA and how long it may take. I trust you will enjoy this month’s edition of the magazine and we look forward to welcoming you back next month.

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