News

L&G Makes Another Big Investment in Social Housing

Legal & General Retirement Institutional (“LGRI”), a division of the Legal & General Group (“Legal & General”), today announces that it targets to invest £2.5bn of Defined Benefit (DB) schemes’ retirement funds into Build-to-Rent (“BTR”) […]

Motor Insurance

Road Pricing Schemes Offer Data Opportunity For Insurers

The government seems to be aware now that forcing petrol and diesel vehicles off the roads will actually punch a huge £35 billion hole in the public sector budget. Solution? A PAYG tax per journey […]

Insurance Regulation

FCA Aims To Reform Funding of FSCS Scheme

The FCA has recently published a Discussion Paper aimed at maintaining a compensation framework that provides appropriate protection for consumers, funded in a fair and sustainable way. The Financial Services Compensation Scheme (FSCS) provides compensation […]

News

Legal & General Agrees Buy-In With Selecta Pension Fund

Legal and General Assurance Society Limited (“Legal & General”) today announces that it has agreed a £250m buy-in transaction with the Selecta UK Pension Plan (“the Plan”) securing the benefit payments of approximately 1,000 pensioners […]

UK Insurance Trends

People Want to Avoid Covid Hotspots, Like Care Homes

The care home sector has been affected badly by Covid, especially after the NHS sent many Covid patients into private care homes, to try and minimise the infection across hospitals. In any event, the cost […]

Life/Health/Critical illness

Zurich Goes Big on Private Healthcare, From 52p Per Day

New insurance policy – Zurich LiveWell Diagnostics – looks to remove the cost barrier for employers to private medical cover. This is an aggressive move from Zurich and will be a big draw for millions […]

Conference report

Jackson Lee Partners With BIBA on Travel

Jackson Lee Underwriting has secured the British Insurance Brokers’ Association (BIBA) endorsed Holiday Travel Plus and Sports Travel scheme, for three years, from April 2021. The Travel scheme is one of the longest running approved BIBA […]