Auditing firm PricewaterhouseCoopers UK (PwC) has commended major global insurers for responding well to what it calls the “enormous challenge” posed by the shift from local Generally Accepted Accounting Principles to new International Financial Reporting Standards (IFRS) established by the International Accounting Standards Board (IASB).

CompaniesPrudential Financial expands variable annuity ...

The US life settlements market is big and, powered by huge inflows of institutional money, growing rapidly. However, due to the absence of any official source of data, how big it is, is a matter of conjecture, Bryan Freeman, president of the Viatical and Life Settlement Association of America, said at a recent conference held by the association.

Financial services group Fidelity International’s UK managing director, Richard Wastcoat, has come out strongly in support of the Turner Report’s proposals on the future of the UK’s pension system.