A group of insurers on Monday defeated claims seeking up to €580 million ($682 million) to repair damage to the Nord Stream gas pipelines, as a London judge ruled that the explosions in 2022 were an act of war arising from the Russia-Ukraine conflict.
A group of insurers on Monday defeated claims seeking up to €580 million ($682 million) to repair damage to the Nord Stream gas pipelines, as a London judge ruled that the explosions in 2022 were an act of war arising from the Russia-Ukraine conflict.
The Financial Conduct Authority said in a review on Monday that artificial intelligence will transform services in the sector for consumers, proposing a seven-step framework to determine how it intends to regulate the technology.
Britain's retirement savings watchdog has called on the pensions industry to engage with the government's consultation on new rules designed to stop workers from transferring long-term savings to bogus plans.
A campaign group has launched a legal challenge against a London council and its actuary over whether it failed to account for the financial risk from climate change in its pension fund valuation.
Britain's financial services lifeboat fund has said it paid out £267 million ($365.7 million) in compensation to more than 14,000 customers affected by companies failing in the last financial year.
More than half of pension professionals support the government's plans to spur the £400 billion ($534 billion) local government pension system to invest in local economies — provided it doesn't affect the performance of funds, a trade body has found.
Defense technology company Key Technologies Ltd. has completed a £5 million ($6.7 million) full-scheme buy-in to secure the retirement benefits of all 48 members of its pension program, U.K. consultant Broadstone said Monday.
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