Latest IFoA news
Click to filter your search
Three working parties, under the remit of the IFoA's Pensions Board have responded to three consultations.
The Managing Uncertainty with Professionalism Working Party seeks to develop general and simple principles to support actuaries in managing and communicating uncertainty in all fields.
The working party arose from a specific concern that, by quoting '1 in 200' numbers for capital requirements under Solvency II, actuaries were, perhaps unwittingly, being party to giving false confidence about the financial strength of insurers. This issue naturally led on to broader reflections on uncertainty, looking beyond the actuarial profession and even beyond the insurance industry.
The Institute and Faculty of Actuaries is delighted to announce that Tan Suee Chieh has been confirmed as the next President-elect.
Closing Date: 10 March 2019
The Health and Care Research Sub-committee is looking for volunteers interested in writing and presenting short research papers (approx. 5-10 pages) for thier annual Hot Topics event (4 November 2019), in London. These short research papers are intended to provoke discussion and lead to possible further research and debate.
The committee is open to all current hot topics (which should have a technical actuarial focus), however, there is a particular interest in the following areas:
Submission closing date – 7 March 2019
The Life Insurance Lifelong Learning (Life LLL) Sub-committee are busy preparing their Continuing Professional Development (CPD) programme for 2019, and has issued a call for speakers to support the events listed below. Speakers are welcomed from regulatory bodies, consulting firms and industry (both large and small companies). We are particularly interested in finding experienced, confident speakers who are willing to make their sessions interactive and also practical.
The Bulk Annuities and Longevity Swaps Member Interest Group (MIG) is seeking to appoint a volunteer Chair and volunteer members of the Managing Committee.
The Pensions Research Subcommittee is an extremely productive group of people. Despite all being volunteers, mostly with demanding day jobs, there are currently 10 active working parties researching an array of topics including the future pensions landscape, the impact of the changes in working patterns, savings in retirement and the taxation of retirement savings.
Several of the working parties have submitted reports, which include responses to consultations on Collective Defined Contribution Schemes (CDC), CDC consultation and the Pensions Dashboard.
The cross practice Consumer Risk Metrics Working Party (Life and Risk Management) has recently published their final report, and now invite you to review the report on their website.
The aim of the working party was to examine the way in which consumers understood risks, and as part of this process, a survey of consumers was undertaken via YouGov. The research report includes the full survey questions and data.
This paper is an addendum to the interim report, “Cashless Society- Benefits Risks and Issues”, published by the Cashless Society Working Party, in December 2017. In the process of researching into the various aspects of a cashless society, Quick Response codes (QR codes) featured as a popular and widely adopted technology as part of the digital economy and payment system.
This paper seeks to understand the phenomenal rise of QR codes use by:
The following consultations and reports have recently been launched:
Other actuary news
Added: Tue, 19/02/2019 - 15:14Environmental, social and governance (ESG) issues are becoming increasingly important to investors worldwide, an annual survey by PricewaterhouseCoopers (PwC) has found.
Added: Tue, 19/02/2019 - 13:00Communication skills are the most valued quality in actuarial consultants, a survey of 100 senior pension trustees has found, but many are finding this to be in short supply.
Added: Mon, 18/02/2019 - 12:53Defined contribution (DC) pension scheme members could enjoy a 10% boost to their savings by adding illiquid assets to their default investment strategies, new research has found.
Added: Fri, 15/02/2019 - 15:56FTSE 100 companies are leaving their workers' pension savings highly exposed to the potential impacts of climate change, research from ShareAction has revealed.
Added: Fri, 15/02/2019 - 15:50The majority of UK pension trustees and sponsors expect to convert Guaranteed Minimum Pensions (GMP) into other benefits when carrying out equalisation, a survey has found.
Added: Wed, 13/02/2019 - 17:10Successful implementations of the incoming accounting standard IFRS 17 have taken a three-step approach, with rushed projects resulting in suboptimal results and increased effort.
Added: Tue, 12/02/2019 - 11:30More than 10 million Brits are now saving into a workplace pension thanks to automatic enrolment, The Pensions Regulator (TPR) confirmed yesterday.
Added: Mon, 11/02/2019 - 14:40Defined contribution (DC) pension scheme assets now account for over half of total assets in the world's seven largest pension markets for the first time ever.
Added: Fri, 08/02/2019 - 16:46Just half of senior executives and managers in the UK believe their organisations have good strategies in place to deal with cyber attacks, new research has revealed.
Added: Fri, 08/02/2019 - 12:00Financial institutions are looking to emerging technologies at a greater rate than most vertical market businesses, and are facing an acute shortage of skills as a result.