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2014

Institute and Faculty of Actuaries (IFoA) consultation responses 2014.

The IFoA's focus is on responding to those consultations where actuarial expertise can inform debate, especially when the proposals will also directly impact on actuaries’ working lives and/or there are strong public interest issues involved.

As part of its commitment both to transparency and promoting the actuarial viewpoint on key issues, the IFoA places its responses to public consultations in the public domain.

IFoA Consultation Response  Organisation  Consultation IFoA contact
FS14/1 Feedback Statement - IFoA consultation response - 22.12.2014 Financial Conduct Authority FS14/1: Feedback Statement on FSA CP12/13 Solvency II – COBS rule changes Philip Doggart
FSB Recover and Resolution Planning - IFoA consultation response 15.12.2014 Financial Stability Board FSB Recovery and Resolution Planning for Systemically Important Insurers Matthew Levine
FSB cross-border recognition - IFoA consultation response 01.12.2014 Financial Stability Board FSB cross-border recognition of resolution action Matthew Levine
EIOPA Consultation Paper - IFoA consulatation response 01.12.2014 European Insurance & Occupational Pensions Authority EIOPA Consultation Paper on Conflicts of Interest Philip Doggart
ISAP 3 - IFoA consultation response 30.11.2014 International Actuarial Association ISAP 3 Philip Doggart
AE earnings and thresholds review - IFoA consultation response - 25.11.2014 Department for Work and Pensions AE earnings thresholds review and revision 2015-16 Philip Doggart
Taxation of Pensions Bill - IFoA consultation response 20.11.2014 Scrutiny Unit Taxation of Pensions Bill Philip Doggart
Better workplace pensions - IFoA consultation response 19.11.2014 Department for Work and Pensions Better workplace pensions - putting savers' interests first Philip Doggart
Levy Rules for 2015 - 16 - IFoA consultation response - 14.11.2014 Pension Protection Fund  PPF consultation on the Levy Rules for 2015-16 Philip Doggart
CP16/14 Transposition of Solvency II - IFoA consultation response 07.11.2014 Prudential Regulation Authority  CP16/14 Transposition of Solvency II: Part 3 Matthew Levine
Pensions schemes bill 2014 - 15 - IFoA consultation response 31.10.2014 UK Government Scrutiny Unit Pensions Schemes Bill Philip Doggart
Written evidence - progress - IFoA consultation response 23.10.2014 Financial Conduct Authority Written evidence - progress with automatic enrolment and pension reforms Philip Doggart
Proposed rules for independent governance - IFoA consultation response 14.10.2014 Financial Conduct Authority CP14/16 Proposed rules for independent governance committees Philip Doggart
Accounting for dynamic risk - IFoA consultation response 17.10.2014 International Accounting Standards Board DP/2014/1: Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging Matthew Levine
GC14-3 Retail investment advice - IFoA consultation response 10.10.2014 Financial Conduct Authority GC14-3 Retail investment advice: Clarifying the boundaries and exploring the barriers to market development Philip Doggart
CP14-11 Retirement reforms - IFoA consultation response - 24.09.14 Financial Conduct Authority CP14-11 Retirement reforms and the Guidance Guarantee Philip Doggart
Solvency II: resolving the remaining policy issues - IFoA consultation response 19.09.14 HM Treasury Solvency II: resolving the remaining policy issues for UK transposition Matthew Levine
The Taxation of Pensions Bill - IFoA consultation response 08.09.14 HM Revenue and Customs Draft legislation - The Taxation of Pensions Bill Philip Doggart
IAIS Capital Standards - IFoA consultation response 05.09.14 International Actuarial Association ISAP [7] "current estimates" and other matters in relation to the IAIS Capital Standards Philip Doggart
European Standard of Actuarial practice - IFoA consultation response 05.09.14 Actuarial Association of Europe Working Draft of European Standard of Actuarial practice 2 (ESAP2) - Actuarial Function Report Philip Doggart
Part 1 of the Care Act - IFoA consultation response 15.08.2014 Department of Health Draft regulations and guidance for implementation of Part 1 of the Care Act in 2015/16 Steven Graham
Basic Capital Requirements - IFoA consultation response 05.08.2014 International Association of Insurance Supervisors Basic Capital Requirements for Global Systemically Important Insurers Steven Graham
Statement of Recommended Practice - IFoA consultation response 16.07.210 Pensions Research Acountants Group Statement of Recommended Practice for Financial Reporting of Pensions Schemes Philip Doggart
PPF Levy Triennium 2015/16 to 2017/18 - IFoA consultation response 09.07.2014 Pension Protection Fund PPF Levy Triennium 2015/16 to 2017/18 Philip Doggart
The Occupational Pension Schemes Regulations 2014 - IFoA consultation response 05.07.14 Department for Work and Pensions The Occupational Pension Schemes Regulations 2014 Philip Doggart
Proposed Revisions to the UK Corporate Governance Code - 27.06.2014 Financial Reporting Council Proposed Revisions to the UK Corporate Governance Code Steven Graham
Statement on Intent - IFoA Response 13.06.2014 International Actuarial Association Draft Statements on Intent for ISAPs 5 and 6 Steven Graham
IFoA response to HMT - Freedom and choice in pensions 12.06.2014 HM Treasury Freedom and choice in pensions Philip Doggart
Better Workplace Pensions - IFoA consultation response 14.05.2014 Department for Work and Pensions Better Workplace Pensions: Further Measures for Savers Philip Doggart
MS14/1: General Insurance Add-on Products - IFoA consultation response 08.04.2014 Financial Conduct Authority MS14/1: General Insurance Add-on Products Philip Doggart
CP3/14 Solvency II - IFoA consultation response 21.03.2014 Prudential Regulation Authority CP3/14 Solvency II - Recognition of Deferred Tax (CP3/14) public.affairs@actuaries.org.uk
Retirement Income Market Study - IFoA consultation response 07.03.2014 Financial Conduct Authority Retirement Income Market Study: Terms of Reference Paul Shelley
Exposure Draft of ISAP 3 - IFoA consultation response 14.03.2014 International Actuarial Association Exposure Draft of ISAP 3 Actuarial Practice under IAS 19 Employee Benefits Philip Doggart
Banking Standards Review - IFoA consultation response 10.03.2014 Banking Standards Review Banking Standards Review Philip Doggart
ESAP 1 - IFoA consultation response 28.02.2014 Actuarial Association of Europe ESAP 1 - General Actuarial Practice Helena Dumycz
ISAP in Relation to IFRS X Insurance Contracts - IFoA consultation response 28.02.2014 International Actuarial Association ISAP in Relation to IFRS X Insurance Contracts (ISAP [4]) Helena Dumycz
Draft Plan and Budget and Levy Proposal - IFoA consultation response 28.02.2014 Financial Reporting Council Draft Plan and Budget and Levy Proposal 2014/15 Helena Dumycz
Defined Benefit Consultation - IFoA consultation response 10.02.2014 The Pensions Regulator Defined Benefit Consultation: Setting a Balanced Approach Philip Doggart
Increasing the Intensity and Effectiveness of Supervision - IFoA consultation response 31.01.2014 Financial Stability Board Increasing the Intensity and Effectiveness of Supervision Paul Shelley
Risk Management, Internal Control and Going Concern Basis of Accounting - IFoA consultation response 28.01.2014 Financial Reporting Council Consultation Paper: Risk Management, Internal Control and the Going Concern Basis of Accounting Paul Shelley
Fiduciary Duties of Investment Intermediaries - IFoA consultation response 23.01.2014 Law Commission Fiduciary Duties of Investment Intermediaries

Philip Doggart

A Review of the Conceptual Framework for Financial Reporting - IFoA consultation response 14.01.2014 International Accounting Standards Board Discussion Paper: A Review of the Conceptual Framework for Financial Reporting   Helena Dumycz
A New Retirement - IFoA consultation response 13.01.2014 Association of British Insurers Call for Evidence - A New Retirement  Helena Dumycz

Contact Details

For further information on any of our public affairs or policy work please contact us on:

policy@actuaries.org.uk

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Events calendar

  • TIGI 2019 (Technical Issues in General Insurance)

    Royal College of Physicians, 11 St Andrews Place, Regent's Park, London, NW1 4LE
    25-26 April 2019
    Spaces available

    This General Insurance CPD offering has been changed from former years of individual one day seminars to include individual sessions for IFRS 17, Pricing, Capital Modelling and Reserving over a two-day event  packaged as Technical Issues in General Insurance, providing attendees with a varied program . The event is suitable for anyone who works, or are interested, in these areas.

  • Fully booked.

    Data Visualisation helps to communicate information clearly and effectively through graphical means.  This talk will showcase some visualisations that the working party has found useful for common actuarial situations.  The event is now full, however if you would like to join a waiting list, please email Barry_shannon@standardlife.com

  • Francophone Actuaries Meeting 2019

    Aviva, Saint Helen's, 1 Undershaft, London EC3P 3DQ, UK
    2 May 2019

    Spaces available

    L'Institut des Actuaires and French actuaries in the UK, partnered with Aviva, are delighted to be hosting their annual "l'afterwork" event for French speaking actuaries in the UK. The event will mix French and English interventions.

    Register via this link to be added to the guest list:  https://www.eventbrite.com/e/rencontre-annuelle-des-actuaires-francophones-londres-tickets-59758941603

     

     

  • Spaces available

    CPD

    CPD
    1.00 hours

    The CMI SAPS Mortality Committee and Mortality Projections Committee will be holding a joint webinar, aimed primarily at pension scheme trustees, describing considerations relating to setting longevity assumptions in 2019.

  • SIAS EVENT - Hurricane Clustering: A New Reality?

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    7 May 2019

    Spaces available

    The 2017 North Atlantic hurricane season was one of the most active on record. We saw multiple hurricanes coming close together causing significant damage and human loss. The talk discusses whether 2017 was an exceptional year or indicative of what we expect to see in the near future, and the implications for (re)insurers.

  • IFoA Asia Conference 2019, Chengdu

    Crowne Plaza Chengdu Panda Garden, Poly Park 198, No. 1980 ShuLong Avenue,Xindu District, Chengdu
    09-10 May 2019
    Spaces available

    IfoA Logo for eventsOffering a diverse selection of plenary sessions and cross-practice workshops, the annual Asia Conference is the perfect opportunity to discover and discuss current and developing actuarial topics in Asia, whilst providing excellent opportunity to grow your network of contacts.

  • DAG event - Can we overcome unconscious bias?

    KPMG LLP  Saltire Court,  20 Castle Terrace, Edinburgh EH1 2EG
    9 May 2019

    Spaces available

    This session will examine our biases, look at what it feels like to be an outsider and give attendees practical tools and actions we can all take to support and grow diversity and inclusion, within the profession. This session is also designed to meet the objectives of the IFoA’s Stage 3 Professional Skills Training for experienced members.

  • KSS event – IQ+EQ = Future Success

    Royal London, 1 Thistle Street, Edinburgh
    14 May 2019

    Spaces available

    In this interactive session, our facilitators, Russell Borland and Thomas Chalmers, Partners of UK-based coaching consulting firm, Leading Figures, will explore how we can enhance our EQ to make the most of our IQ. They will introduce an Emotional Intelligence framework developed by psychologist Daniel Goleman and provide participants with an opportunity to personally assess their own Emotional Intelligence.  To register please email Caitlin.stronach@royallondon.com

  • CILA 2019

    30 Euston Square, London NW1 2FB
    14 May 2019

    Spaces available

    CILA is one of the pre-eminent events in the annual Life calendar. It is aimed at practicing life actuaries from life offices, consulting firms and other employers of actuaries. It will also be of interest to all those who work in or advise on, the life assurance market in the UK and Europe.

  • KSS event – Bulk Annuity Market Update

    Willis Towers Watson 2 Lochrin Square, 96 Fountainbridge, Edinburgh EH3 9QA
    15 May 2019

    Fully booked.

    This KSS talk will give a bulk annuity market update over 2018 and for 2019 and beyond.  The presenters will also consider bulk annuity options as part of pension scheme de-risking strategies, and how pension schemes can best prepare when requesting a quote in order to achieve a favourable outcome. Please note this event is now full, however, if you wish to join a waiting list, please email Dawn.Neil@willistowerswatson.com.

  • KSS event – Bulk Annuity Market Update

    Willis Towers Watson 2 West Regent Street Glasgow G2 1RW
    16 May 2019

    Spaces available

    This KSS talk will give a bulk annuity market update over 2018 and for 2019 and beyond. The presenters will also consider bulk annuity options as part of pension scheme de-risking strategies, and how pension schemes can best prepare when requesting a quote in order to achieve a favourable outcome. To book a place please email Dawn.Neil@willistowerswatson.com

  • How to protect SMEs from Cyber Attacks

    Staple Inn Hall, High Holborn, London, WC1V 7QJ.  
    16 May 2019

    Spaces available

    The aim of this interdisciplinary symposium is to gain understanding and awareness of UK private SMEs about their insurance need as a part of cyber risk management and mitigation strategies.

  • Risk and Investment Conference 2019

    Amba Hotel, Charing Cross, Strand, London WC2N 5HX
    20-21 May 2019
    Spaces available

    This year's event begins with a Professional Skills Training plenary to help build your CPD, followed by a formal drinks reception and dinner on the evening of 20 May.  The following day will then be a programme full of topical plenaries and workshops covering the latest trends and topical issues in the risk and investment sector with plenty of opportunities to network with colleagues and build your CPD.

  • LMS Invited Lectures 2019

    ICMS, The Bayes Centre, 47 Potterrow, Edinburgh EH8 9BT
    20 May 2019 - 24 May 2019

    Spaces available

    On May 20-24 2019, Prof Søren Asmussen (Aarhus University) will deliver a course on lectures on advanced topics in life insurance mathematics.  This will be held at the International Centre for Mathematical Sciences, Edinburgh, and will be accompanied by supporting lectures from Prof Corina Constantinescu (University of Liverpool) and Prof Andrew Cairns (Heriot-Watt University). To register, please visit https://www.icms.org.uk/LMSAsmussen.php.

  • Mortality and Longevity Symposium 2019

    ICC Birmingham, Broad St, Birmingham B1 2EA
    04-05 June 2019
    Spaces available

    The Mortality and Longevity Symposium aims to expand delegates’ horizons by giving a better view of the scope of current mortality research in a wide variety of relevant disciplines, and by providing a forum to discuss the implications for actuarial practice and it will be of interest to all actuaries concerned with setting or reviewing mortality and longevity assumptions, underwriters, demographers, epidemiologists, policy-

  • Protection, Health and Care Conference 2019

    ICC Birmingham  Broad St, Birmingham B1 2EA
    04-06 June 2019
    Spaces available

    The Protection, Health and Care Conference is an annual conference aimed at all insurance professionals with a passion for harnessing insurance risk in their organisations. The conference uses a combination of workshops by individuals who work at the coalface and ‘big name’ experts to explore how innovation, technological/medical advances, the political landscape and other market development will impact the Protection, Health and Care markets.

  • NED Event: Behavioural Finance and Boards

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    18 June 2019

    Spaces available

    Substantial work has been undertaken in the field of behavioural finance to explore the psychological factors affecting investment decisions made by individuals.  In contrast, “behavioural” factors (such as politics or human psychology) affecting decisions and actions made by institutional investors, such as insurers or pension schemes, are less understood.

  • Pensions Conference 2019

    Bristol Marriott Hotel City Centre, 2 Lower Castle Street, Old Market, Bristol, BS1 3AD
    18-19 June 2019
    Spaces available

    Covering current topics and industry trends, the conference also includes a pre-conference evening dinner (18 June) giving you the opportunity to develop your network. 

  • KSS event – FinTech and The Actuarial Profession

    EY, Atria One, 144 Morrison Street, Edinburgh
    19 June 2019

    Spaces available

    This KSS talk from FinTech Scotland's CEO will explore the mission to create an integrated Fintech ecosystem through provision of funding, support, infrastructure and talent that recognises and responds to the needs of all stakeholders - and the overarching aim for Scotland to be one of the top 5 Fintech global leaders by 2020.

    To book your place, please email Barry_Shannon@standardlife.com 

  • Current Issues in General Insurance (CIGI) 2019

    Inmarsat, 99 City Road, London, EC1Y 1BJ
    19 June 2019

    Spaces available

    CIGI will provide an excellent and diverse line-up of speakers, each providing their insight and knowledge on a range of topics.  The programme will be broad in nature, so will be of most value to those with some experience in the industry. 

  • AGM and Presidential Address 2019

    The Hub  Castlehill Edinburgh EH1 2NE
    26 June 2019

    Spaces available

    Notice is hereby given that the ANNUAL GENERAL MEETING of the INSTITUTE AND FACULTY OF ACTUARIES will be held at The Hub, Edinburgh on Wednesday 26 June 2019 at 16.30 (Preceded by tea from 16.00) and followed by a PRESIDENTIAL ADDRESS given by John Taylor.

  • SIAS: The Impact of Air Pollution on Health and Life Expectancy

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    2 July 2019

    Spaces available

    Air pollution has gained increasing attention lately. Nicola Oliver, head of longevity and mortality research for Medical Intelligence, will discuss not only the impacts of air pollution on health and life expectancy but also how as an industry we should be addressing it.

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year.