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More should be done to simplify the decision-making process for consumers accessing pensions freedoms
31 August 2016
In its response to the Financial Conduct Authority’s Review into Retirement Outcomes, the Institute and Faculty of Actuaries (IFoA) says more should be done to simplify the decision-making process for consumers accessing pension freedoms. In its response to the Financial Conduct Authority’s Review into Retirement Outcomes, the Institute and Faculty of Actuaries (IFoA) says more should be done to simplify the decision-making process for consumers accessing pension freedoms.
IFoA urges the G20 to implement its commitment to phase-out fossil fuel subsidies
30 August 2016
The Institute and Faculty of Actuaries (IFoA) has today signed the Overseas Development Institutes Statement urging the G20 Governments to honour their long-standing commitment to phase out Fossil Fuel Subsidies.
The IFoA celebrates its 500th CERA! The Globally-Recognised Risk Management Qualification, which is seeing record growth
14 July 2016
The IFoA is pleased to announce that Pamela Robertson, Senior Actuarial Analyst, Lloyds Banking Group, Edinburgh has become its 500th member to earn the prestigious CERA (Chartered Enterprise Risk Actuary) credential.
IFoA report calls for ‘bottom-up’ approach to assessing adequacy of retirement income
11 July 2016
Industry experts and policy makers today (11 July) discussed alternative approaches for assessing adequacy of retirement income at a round table event organised by The Institute and Faculty of Actuaries (IFoA), to coincide with the launch of its new report "Assessing adequacy of retirement income: a bottom-up approach."
Review on ‘Group Think’ finds organisational culture has largest impact on behaviour
10 July 2016
The Institute and Faculty of Actuaries (IFoA) has today (31 May) published the outcome of its review of the sources of ‘Group Think’, its impact (good or bad) and suggestions on how to address it.
Potential for secondary annuity market mis-selling must be addressed to protect consumers
28 June 2016
In responding to the Financial Conduct Authority (FCA) consultation on the proposed rules and guidance for a Secondary Annuity Market, the IFoA stresses the importance for robust consumer protections to be put in place to protect consumers from potential mis-selling.
IFoA signs MoU with the Insurance Asset Management Association of China
28 June 2016
The Institute and Faculty of Actuaries (IFoA) has signed an MoU with the Insurance Asset Management Association of China (IAMAC) to further cooperation between the two professional bodies.
The Institute and Faculty of Actuaries (IFoA) has played an active role in informing the EU Referendum debate. Derek Cribb, Chief Executive of the IFoA, comments on the resulting Leave vote.
24 June 2016
“Yesterday’s Referendum was a momentous occasion in the history of the UK. The electorate has spoken and the UK can now start the process of separating from the European Union.
IFoA to release updated strategy
23 June 2016
The Institute and Faculty of Actuaries (IFoA) will today release an updated strategy at its AGM in London. The strategy has been refreshed to react to current and upcoming global changes across the industries where actuaries currently work as well as those where actuarial skills could be used in future, and sets the future direction of the organisation.
Reduction in immigration would impact the State Pension – but could be offset by changes to government policy
2 June 2016
The Institute and Faculty of Actuaries (IFoA) has today (2 June) released a report looking at the impact on the State pension of reduced immigration to the UK in both the medium and the long term.