Avoiding squeeze

Matching liabilities

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2005 was the year when the UK pension industry finally bit the risk management bullet. The impact of FRS17 accounting standards (mandatory from 2005 onwards), the Pension Protection Fund's risk-based levy and scheme-specific funding requirements from the UK's Pension Regulator have all played a role. For sponsors, the risk that deficits might grow bigger due to unmatched swings in interest rates or inflation was suddenly too much to bear.

Yet the derivatives-based de-risking strategies enacted by

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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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