United Kingdom
Announcement : Aegon keeps protection but shuts pension admin division
Aegon today provides further details on the implementation of its plans, announced in June, to restructure and refocus its business in the United Kingdom....
United Kingdom: Rise in fraudulent insurance claims
Insurers uncovered a record £840 million worth of fraudulent claims in 2009, figures have shown.
A total of 122,000 insurance claims were rejected by the...
Dwindling pension pots support retirement age review
Over the last two years, the projected annual retirement income for a 60 year old has decreased by over £3000, while 65...
Confusion on UK insurance premium tax increase as taxman changes policy
Following the announced UK insurance premium tax (‘IPT’) increase from 5% to 6% from 4 January 2011, the market has been thrown into uncertainty...
Standard & Poor’s warns Britain of possible rating downgrade
Britain's credit rating could be lowered if a new government fails to cut massive public debt, Standard & Poor's warned on Monday as rival...
Bailout puts £1.5tn on UK debt
An estimated £1.5 trillion will be added to the national debt as a result of the financial crisis, the Office of National Statistics (ONS)...
RBS likely to sell its insurance operations (Churchill and Direct Line brands) and cut 3,700 jobs
Royal Bank of Scotland said it would be forced to sell more assets than it had expected and axe 3,700 jobs from its retail...
Pension scheme deficits rise £15bn during October to £77bn
A sustained period of asset growth and increased confidence in meeting inflation targets are required to clear pension deficits
Expected future increases in the UK’s...
Royal Bank of Scotland to maintain recovery plan and sell top brand Direct Line and Churchill
Part-nationalised lender Royal Bank of Scotland said it aims to stick with its recovery plan despite potential large-scale disposals ordered by European Union anti-trust...
British government in £40 billion bailout to troubled banks
Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock...
United Kingdom financial institutions saw premium increases to reach US highs
US financial institutions (FI) saw premium increases of 15% on average in Q2, according to Aon’s Quarterly D&O Pricing Index. UK FIs experienced similar...
