Tag: financial risk

Uber faced with £12m pensions bill
Taxi service Uber faces a significant pension bill following an employment tribunal ruling.

Natural disasters could cost businesses $4.6trn
Lloyd’s City Risk Index warns that a total of $4.6 trillion projected GDP is at risk from manmade and natural disasters in 301 major cities around the world.

Tesco forced to offer workers concessions
Tesco to provide staff with concessions after plans to close its defined benefit pension scheme triggered a flood of complaints from employees and activists.

Pensions deficits exceed combined annual salary of UK workforce
The shortfall in defined benefit pension schemes would require more than a year’s salary from every person in the UK to fix, a consultancy claims.

Insurer stress tests ‘do not go far enough’
Insurer Hiscox warns that planned regulatory measures for stress tests should include a detailed dry run.

FTSE 350 companies saddled with £100bn of investment risk
Companies are underwriting £100bn of investment risk through their pension funds as they struggle to adapt to new guidelines.

Ministry of Justice moves to tackle industrial hearing loss
Rising claims against employers for noise-induced hearing loss prompts review.