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Author:
Martin Lowes; Pensions Practice Executive Committee Consultations Group
Source:
Consultation response (2010)

Consultation response: IFRS exposure draft ED/2010/9: Leases.

The Actuarial Profession supports the overall aim of ensuring that leases are properly reflected on a firm's balance sheet. Whilst not wishing to comment in detail on the proposed accounting model, the Actuarial Profession has significant reservations ... read more >>

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Author:
Ronnie Bowie
Source:
Consultation response (2010)

Independent Public Service Pensions Commission. Call for evidence for final report. Consultation response.

Actuarial Profession's response to the call for evidence for the final report of the Independent Public Service Pensions Commission. Consultation response Independent Public Service Pensions Commission Call for evidence for final report December ... read more >>

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Author:
Martin Lowes; Pensions Practice Executive Committee Consultations Group
Source:
Consultation response (2010)

Pension Protection Fund. The Pension Protection Levy: A new framework. Consultation response

The Actuarial Profession's response to proposals for the future pension protection levy. Consultation response Pension Protection Fund The Pension Protection Levy: A New Framework December 2010 About the Actuarial Profession The ... read more >>

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Author:
Pauline Simpson; Life Practice Executive Committee
Source:
Consultation Response (2010)

Response to Exposure Draft. IFRS "Insurance contracts"

Response to Exposure Draft IFRS Insurance Contracts November 2010 About the Actuarial Profession The Institute and Faculty of Actuaries is the charte red professional body for actuaries in the United Kingdom. A rigorous examination ... read more >>

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Author:
ACA Accounting Committee; Consultations Group of the Pensions Practice Executive Committee; Simon Robinson; Martin Lowes
Source:
Consultation response (2010)

Comments on draft abstract 'Accounting implications of the replacement of the Retail Prices Index with the consumer Prices Index for retirement benefits'

In June/July 2010, the UK Government announced that future statutory pension increases (both increases in payment and revaluation in deferment) would be based on the Consumer Prices Index compared with the historic approach of using the Retail Prices ... read more >>

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Author:
Consultations Group. Pensions Practice Executive Committee; Martin Lowes (Chair)
Source:
Consultation response (2010)

Pension Protection Fund. The 2011/12 Pension Protection Levy Consultation. Comments from the Actuarial Profession

The response focuses on the main areas of concern, especially bulk transfers. Dear Ms Mo, 2011/12 Pension Protection Levy Consultation – September 2010 We welcome the opportunity to respond to the above consultation and thank you for allowing us a ... read more >>

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Author:
David Brown (Chair); Third Party (Motor) Working Party
Source:
Consultation response (2010)

Transport Committee Inquiry - cost of motor insurance. Consultation response

Consultation response Transport Committee Inquiry - Cost of motor insurance November 2010 About the Actuarial Profession The Institute and Faculty of Actuaries is the chartered professional body for actuaries in the United ... read more >>

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Author:
Jane Irvine; Disciplinary Board
Source:
Consultation Response (2010)

AADB Accountancy Scheme Consultation. The referral of formal complaints to disciplinary tribunals. Consultation response.

The Actuarial Profession recognises the difficulties which can be faced in applying the required tests and considers that the guidance will be helpful to those using it. The Actuarial Profession offers comments with the aim of assisting the AADB to achieve ... read more >>

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Author:
Pauline Simpson; Life Practice Executive Committee
Source:
Consultation Response (2010)

Response to Exposure Draft. Board for Actuarial Standards. Funeral Plans TAS

The general feeling amongst the life actuaries who have reviewed this exposure draft is that the proposals are sensible. A couple of specific points have been raised in respect of a possible overlap between Sections C1.2 and C1.5 and clarification of ... read more >>

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Author:
Martin Lowes; Consultations Group of the Pensions Practice Executive Committee
Source:
Consultation response (2010)

Phasing out the default retirement age. Consultation response

The Actuarial Profession has not submitted detailed comments on the consultation questions. However, the Profession wishes to reinforce the comment that is made in the consultation paper that a number of insurance-type benefits become increasingly and ... read more >>

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Author:
Ronnie Bowie
Source:
Consultation response (2010)

Proposal to merge the UKLA with the FRC contained in HM Treasury consultation: A new approach to financial regulation: Judgement, focus and stability.

Sets out the Actuarial Profession's views on whether this might be an appropriate time to merge the UK Listing Authority (UKLA)  and the Financial Reporting Council (FRC). The Actuarial Profession's main concern centres on how any change in the ... read more >>

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Author:
Caroline Instance
Source:
Consultation response

HM Treasury. Removing the requirement to annuitise by age 75. Consultation response.

The Actuarial Profession responds to HM Treasury's consultation paper dated July 2010 in relation to its proposals to remove the requirement to annuitise by age 75. Dear Sir/Madam Removing the requirement to annuitise at age 75 The Actuarial ... read more >>

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Author:
Martin Lowes; Pensions Practice Executive Committee Consultations Group
Source:
Consultation Response

IASB Exposure Draft: Defined Benefit Plans

This is the response of the Actuarial Profession to the International Accounting Standards Board exposure draft on Defined Benefit Plans: Proposed amendments to IAS 19. Consultation response IASB Exposure Draft: Defined Benefit Plans Proposed amendments ... read more >>

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Author:
Nigel Masters
Source:
Consultation response

Board for Actuarial Standards Exposure Draft: Transformations

The Profession's response to the BAS Exposure Draft on the Transformations Technical Actuarial Standard Consultation response Board for Actuarial Standards Exposure Draft: Transformations August 2010 Dear Louise, ... read more >>

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Author:
Caroline Instance
Source:
Consultation Response

Submission to the Independent Public Service Pension Commission on discount rates

The Actuarial Profession has made its submission to the Independent Public Service Pension Commission which is undertaking a fundamental structural review of public service pension provision. I am writing on behalf of the Actuarial Profession in response ... read more >>

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Author:
Professional Regulation Executive Committee
Source:
Consultation response

The Society of Actuaries in Ireland. Code of professional conduct. Comments from the Actuarial Profession

Comments from the Actuarial Profession Consultation response The Society of Actuaries in Ireland Code of professional conduct June 2010 Dear Yvonne T he Society of Actuaries in Ireland – Code of Professional ... read more >>

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Author:
Pensions Practice Executive Committee
Source:
Consultation response

Board for Actuarial Standards. Consultation paper. TM1: Statutory illustrations of money purchase benefits. Comments from the Actuarial Profession

The Actuarial Profession welcomes this in depth review of the Technical Memorandum. Since its issue in April 2003 it has been “patched and mended” with no material changes since November 2006. A thorough review is overdue and welcome. We have chosen not to ... read more >>

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Author:
Life Practice Executive Committee
Source:
Consultation response

Financial Services Authority Quarterly consultation no.24. Consultation Paper 10/10. Comments from the Actuarial Profession

Consultation response from the Actuarial Profession Consultation Paper response Financial Services Authority Quarterly Consultation No 24 – CP10/10 June 2010 About The Actuarial Profession The Actuarial Profession is governed ... read more >>

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Author:
Life Practice Executive Committee, Taxation Working Party
Source:
Consultation response

HM Revenue & Customs. Consultation on Solvency II and the taxation of insurance companies. Comments from the Actuarial Profession

Consultation response from the Actuarial Profession Consultation Paper response HMRC Consultation on Solvency II and the taxation of insurance companies June 2010 A bout The Actuarial Profession The Actuarial Profession is governed ... read more >>

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Author:
Consultations Group; Pensions Practice Executive Committee
Source:
Consultation response

Board for Actuarial Standards. Exposure draft: pensions. Comments from the Actuarial Profession

The Actuarial Profession welcomes the opportunity to comment on this Exposure Draft. We offer a few general comments in the covering letter and a number of more detailed comments in the accompanying appendix. Exposure Draft response Board for ... read more >>