FT Adviser asked the Institute and Faculty of Actuaries' Gender Pensions Gap Working Party to estimate how much UK spouses may be missing out on by not opting for a pensions splitting order. The IFoA assumed an annual salary of £20,000 starting at age 18 and a 3 per cent pay increase...
The key is ensuring the right talent is in place and working in the right ways to make it happen. Finance transformation is no easy undertaking, but by putting humans at the center, insurers have a much better chance of realizing the enormous benefits.About this article Authors Nick Smit...
How much is needed for health care costs in retirement? On average, according to the 2024 Fidelity Retiree Health Care Cost Estimate, a 65-year-old individual may need $165,000 in after-tax savings to cover health care expenses. This amount is up nearly 5% from 2023. Of course, the amo...
e). Obviously, there is some effort in doing this rebalancing. It’s not much of a stimulating activity in itself, just a chore really after the novelty of going through the process for the first time. So, you may want to give a notional monetary value to the time each year that you...
In the UK, actuaries earn an average salary of between £30,000 and £70,000 per year. In the US, meanwhile they typically earn as much as $101,560. That’s way above minimum wage, which explains why actuaries are constantly within the top 20 high-paying jobs in the world. And ...
In some instances, the impact of a new system initiative goes way beyond the claims department. Don’t adopt new technology in a vacuum. This isn’t just a claims thing—it’s a business thing. Drag your underwriters and actuaries into the mix when needed. Their input will help create an...
To date, the employers and health insurers who bear the bulk of the cost of cell and gene therapies have had few difficult decisions to make. The associated cost has remained manageable — an estimated $5 billion was spent on these therapies in the U.S. in 2020 — and willingness has re...
A bookie’s goal is to maintain balance in the books by adjusting the odds as much as possible to maintain an even amount of people betting on a win or loss. Understanding Bookies Bookies don't usually make their money by placing bets themselves. They charge a transaction fee on their cus...
How Much Does a Tax Preparer Cost? The more credentialed the person who prepares your return is, the more you canexpect to pay. As a general rule, you’ll pay the highest fees to attorneys, followed by CPAs and then enrolled agents. Annual filing season program participants and preparers...
How much money the plan ends up with at the end of the year depends on the amount they paid out to participants and the investment growth that was earned on the money. As such, shifts in the market can cause a fund to be either underfunded or overfunded. ...