UK insurers, consultants produce de-risking guide as medical underwriting gains ground

first_imgThe sector needed to develop an atmosphere of trust, she said, by highlighting potential benefits and risks as well as setting out what companies, advisers, trustees and consumers could expect from the process.“We’re trying to make sure the document gives a fair and balanced view of medical underwriting compared to a conventional approach,” said Mike Edwards, head of product development at L&G in the bulk annuities business.  “In some cases it would be the right thing to do in other cases it wouldn’t,” he said.One of the potential advantages of medical underwriting is that it might result in a lower premium, he said.But trustees and sponsors had raised concerns that if they did opt to have individual scheme members’ health and lifestyles assessed in order to set annuity prices, the price could end up being higher as well as lower than it would otherwise have been, he said.And once a scheme had made a detailed enquiry about medical underwriting, if it then decided not to go ahead with the deal, other bulk annuity providers might take this as a sign that the membership was in better-than-average health and decline to quote. Other firms behind the Good Practice Guide are CMS Cameron McKenna, Just Retirement, Law Debenture and LCP. Insurers and advisers in the UK pensions sector are putting together a guide for trustees and sponsors to help them decide whether or not to use medical underwriting when buying bulk annuities.JLT Employee Benefits,  Partnership, Aviva, Hymans Robertson, Legal & General and others said they plan to produce a “robust guide for the industry”, which will aim to formalise and improve existing industry standards.The move has been prompted by the arrival of new insurers in the market, ready to look at the health and lifestyle characteristics of individual scheme members when setting premiums, the group said.Margaret Snowdon, director of JLT Employee Benefits, said: “With an increasing number of businesses keen to explore using medical underwriting as part of their de-risking strategy, now is the time for the industry to step up and develop a robust guide to ensure good practice.”last_img read more

UAAP Starting Five: Week 9

first_imgOnly eight games were played this week as the UAAP Season 80 men’s basketball tournament resumed after the Halloween break.ADVERTISEMENT It’s final: Bundit still Ateneo Lady Eagles coach For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. FEU needed to win its Sunday’s game against University of the East and the 22-year-old Tolentino heeded the call when the Tamaraws needed a closer.With a 49-49 score board at the end of the third quarter, Tolentino completed a four-point play that completed the Tamaraws’ 21-8 run in the fourth that gave FEU a comfortable 70-57 lead with 3:27 left in the game.FEU held on to win 79-63 to get to 6-6, and the fourth spot, with Tolentino finishing with 10 points, seven in the fourth, and seven boards.Forward: Thirdy Ravena (Ateneo Blue Eagles)Thirdy Ravena. Photo by Tristan Tamayo/INQUIRER.netAteneo already secured the top seed in the league even before it faced University of Santo Tomas on Saturday.That precedent, however, didn’t prevent Thirdy Ravena from putting on a show in front of the hapless Growling Tigers.Ravena finished with 20 points, eight rebounds, and seven assists in the Blue Eagles’ 102-83 victory over UST and produced one of the best highlights of the season when he jammed home a tomahawk with 2:22 left in the game.Guard: Jerie Pingoy (Adamson University Soaring Falcons)Jerie Pingoy. Photo by Tristan Tamayo/INQUIRER.netWhat a surprise, another Soaring Falcon.When Sarr bullied his way through the UP interior, Jerie Pingoy orchestrated in and out of it. OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Don’t miss out on the latest news and information. Jake says relationship with Shaina ‘goes beyond physical attraction’ Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene It’s too early to present Duterte’s ‘legacy’ – Lacson View comments All but one of the Final Four spots are now filled as Adamson University secured the third seed with Far Eastern University currently in fourth.University of the Philippines is a full game behind FEU while National University will now need to have its prayers answered if it wants to get to the semifinals.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogNow that the Final Four scenarios have been settled, here are the best players by position this week.Center: Papi Sarr (Adamson University Soaring Falcons) Papi Sarr. Photo by Tristan Tamayo/INQUIRER.netPapi Sarr just showed University of the Philippines who’s the boss.The 6-foot-8 Soaring Falcon towed Adamson University in an all-important 86-70 win over the Fighting Maroons on Sunday putting up a gaudy 25-point, 17-rebound line.Sarr’s dominance over UP helped the 9-4 Soaring Falcons seal the third spot with a game to spare in their schedule.Forward: Arvin Tolentino (Far Eastern University Tamaraws)Arvin Tolentino. Photo by Tristan Tamayo/INQUIRER.netThe birthday boy delivered the goods for Far Eastern University when the Tamaraws needed it the most.ADVERTISEMENT Jo Koy: My brain always wants to think funny And the game’s magnitude wasn’t much of a factor for Pingoy as he put up 15 points, eight assists, six steals, and zero turnovers against the Fighting Maroons.Pingoy’s savvy play helped Adamson take an 86-70 win over UP as the Soaring Falcons calmly perched at the third seed and the 5-7 Fighting Maroons dropping to fifth.Guard: Jasper Parker (Far Eastern University Tamaraws)Jasper Parker. Photo by Tristan Tamayo/INQUIRER.netWith his family cheering him on, and the Tamaraws eager to take sole possession of fourth place, Jasper Parker put on a show.Parker led the Tamaraw charge against UE on Sunday with a season-high18 points and eight assists as his family saw him play at the historic Smart Araneta Coliseum for the first time.Honorable mentionsBen Mbala (De La Salle Green Archers)Ben Mbala. Photo by Tristan Tamayo/INQUIRER.netIt’s kind of awkward to see reigning MVP Ben Mbala get relegated to the honorable mention spot.Well the reason for that is Sarr’s game with Adamson had a bigger implication as the win led to the Soaring Falcons securing the third spot while Mbala’s Green Archers already had their twice-to-beat advantage in their possession even before the Halloween break.Still, Mbala produced this week’s highest-scoring output with 30 points that went along eight boards. LATEST STORIES Kiss-and-tell matinee idol’s conquests: True stories or tall tales? Sports Related Videospowered by AdSparcRead Next MOST READ Matt Nieto (Ateneo Blue Eagles)Matt Nieto. Photo by Tristan Tamayo/INQUIRER.netAs Ravena filled up the box scores against UST, Matt Nieto lit up from deep.Nieto had 19 points in the Blue Eagles’ 102-83 win over UST and all five of his field goals came from beyond-the-arc.Not too shabby for Nieto, who exploited the Growling Tigers’ lackadaisical perimeter defense. Steam emission over Taal’s main crater ‘steady’ for past 24 hours Jake says relationship with Shaina ‘goes beyond physical attraction’ Coco’s house rules on ‘Probinsyano’ set Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player awardlast_img read more