US shakes up pension system



US President George Bush has signed into law new rules on pension provision that he said were: "The most sweeping reform of America's pension laws in 30 years," but a senior figure within the US pensions industry argues that attempts to shore-up the declining defined benefit sector (DB) are simply, "A cosmetic solution to a serious problem."

Faced with a massive increase in pension deficits, which Aon Consulting estimated had seen the total deficit for the Fortune 100 companies increase by 65% to

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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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