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Pension plans keep innovating to manage risk

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As a new financial market develops, its processes become more standardized and sophisticated. That evolution is now happening rapidly in the pension and longevity risk transfer markets, where pension plans are searching for ways to hedge their risk. In this in-depth article from the North American Actuarial Journal, learn how managers are using buy-ins, buy-outs […]

COVID-19 putting stress on UK’s defined benefit plans

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The spread of COVID-19 is now affecting all areas of public and private life. And in the UK, the virus is hitting defined benefit plans especially hard. In fact, experts say that the crisis has already increased the plans’ deficits by over £100 billion, with the potential of up to £900 billion if COVID-19 continues […]

How actuaries can protect their reputations

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Actuaries have earned a reputation as some of the most reputable, ethical people in the business world. But what happens when those ethics are challenged? And how should actuaries respond when their superiors ask them to bend or even break the rules? In the full article from The Actuary, read advice from actuary Charly J. […]

Pharma company Allergan settles $750 million class action suit

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One of the world’s largest pharmaceutical companies, Allergan, has settled a lawsuit filed by patients who took its Alzheimer’s drug Namenda. The suit alleged that Allergan conspired with its competitor Mylan NV to delay alternative drugs and that it worked to push back the release of generic options. While paying $750 million to class action […]

The most profitable businesses you can start

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More than 50% of Americans either own or are employed by a small business, making these businesses a crucial part of our economy. And for ambitious entrepreneurs, small businesses offer a chance for independence and a high profit margin. What are the 10 most profitable types of small businesses? And why do professional services businesses, […]

How the UK should fix inequality in pensions

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One year ago, the UK’s High Court issued a ruling that Guaranteed Minimum Pension (GMP) plans must begin an equalization project to correct a disparity in pensions between male and female workers. Since then, trustees and sponsors of pension programs have struggled to find the best way to proceed. Now, a UK industry group has […]

Calculating the risk of voluntary benefits

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As employers seek to attract talented employees, many offer “voluntary benefits” like supplemental insurance—additional insurance that would cover certain medical events. But as this insurance sector continues to grow, employers and insurers need to stay updated on the risks. In the full article from The Actuary, read expert Mike Prendes’s advice on how to determine […]

Why the buzz about voluntary benefits?

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With four generations now in the workforce—Baby Boomers, Gen X, Millennials and Gen Z—employers must put more attention into offering a wide array of employee benefits. Increasingly, they’re doing this through voluntary benefits, which employees can opt into through simple payroll deductions. From student debt relief to individual long term care, these benefits can appeal […]

Dept. of Labor finalizes rules on overtime pay

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The U.S. Department of Labor has issued new rules that make an estimated 1.3 million more workers eligible for overtime pay. Effective in 2020, regulations state that any worker who earns less than $35,568 annually should be compensated for overtime. How are the new rules seen as a compromise between the two political parties? And […]

The IRS guide to becoming an actuary

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Actuaries have a focused task: to determine the likelihood and financial impact of events in both the near and distant future. But while the job is focused, it’s certainly not simple, requiring actuaries to draw on skills in mathematics, statistics and complex financial theory. In this overview from the Internal Revenue Service, learn about the […]