UK - Cass Business School's faculty of actuarial science and statistics has won the Worshipful Company of Actuaries' Award of Honour for 2003.
The award is given to an individual actuary or organisation that has made an “outstanding” contribution to the actuarial profession.
Cass’s recent achievements include it setting up an MSc in Actuarial Management, the first degree of its kind in the UK.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.