Consultation responses

The Actuarial Profession responds to consultations on a wide range of issues to support its members and to fulfil its public interest role.

Its focus is on responding to those consultations where actuarial expertise can inform the 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 publicly promoting the actuarial viewpoint on key issues, the Profession places its responses to public consultations in the public domain by publishing them here on its website.

See also: 2011 | 2010 | 2009 | 2008

Consultation responses 2012

Date response submitted

Organisation

Title

Lead staff member

Response
08.02.2012

ABI Consumers in the retirement income market Sarah Mathieson

Response
26.01.2012

Department for Work and Pensions Workplace Pension Reform - automatic enrolment earnings thresholds: review and revision 2012-2013. December 2011. Kirstin Lambert

Response
10.01.2012

BIS & FRC Proposals to reform the Financial Reporting Council. A joint BIS and FRC consultation Ben Kemp

Response
04.01.2012

EIOPA Comments on EIOPA CP-11/006. Response to call for advice on the review of Directive 2003/41/EC: Second consultation. Paul Shelley

 

Consultation responses 2011

Date response submitted

Organisation

Title

Lead staff member

Response
02.12.2011

Department of Health Caring for our future: shared ambitions for care and support Paula Woodward

Response
28.11.2011

IFRS IASB Agenda Consultation Kirstin Lambert

Response
02.11.2011

Pension Protection Fund The 2012/13 Pension Protection Levy Consultation Document Kirstin Lambert

Response
26.10.2011

Commons Select Committee Social Care Inquiry Paula Woodward

Response
12.10.2011

Office of Fair Trading

Private motor insurance call for evidence

Paul Atkinson

Response
22.09.2011

UK Debt Management Office

CPI-linked Gilts

Kirstin Lambert

Response
08.09.2011

HM Treasury

A new approach to financial regulation: the blueprint for reform

Paul Atkinson

Response
30.8.2011

European Financial Reporting Advisory Group

Considering the effects of accounting standards

Kirstin Lambert

Response
08.8.2011

Department for Work and Pensions

Employer debt (s75 of the Pensions Act 1995)

Kirstin Lambert

Response
12.7.2011

Board for Actuarial Standards

TM1: Mortality improvement assumption. June 2011.
(Further BAS consultation to original Exposure Draft: TM1 Statutory money purchase illustrations - shown at 10.6.2011)

Kirstin Lambert

Response
28.6.2011

HM Revenue & Customs

Life insurance companies: a new corporate tax regime. April 2011

Pauline Simpson

Response
27.6.2011

Pension Protection Fund

Guidance for bespoke investment risk calculation. May 2011

Kirstin Lambert

Response
24.6.2011

Department for Work and Pensions

A state pension for the 21st century. April 2011

Paul Atkinson

Response
10.6.2011

Board for Actuarial Standards

Exposure Draft: TM1 Statutory money purchase illustrations. March 2011

Kirstin Lambert

Response
27.5.11

Financial Services Authority

CP11/05 Protecting with-profits policyholders

Pauline Simpson

Response
05.05.11

Financial Services Authority

CP11/07 Quarterly Consultation No 28. Chapter 2: Definition of Holloway sickness policies

Pauline Simpson

Response
28.04.11

Workplace Retirement Income Commission

Call for evidence

Paul Atkinson

Response
27.04.11

Accounting Standards Board

Financial Reporting Exposure Drafts: 43: Application of financial reporting standards; and 44: Financial reporting standard for medium-sized entities

Margaret Watchorn

Response
18.04.11

Department for Work and Pensions

Regulatory differences between occupational and workplace personal pensions - a call for evidence

Margaret Watchorn

Response
14.04.11

HM Treasury

A new approach to financial regulation: building a stronger system Paul Atkinson

Response
01.04.11

HM Treasury

Simple financial products Paul Atkinson

Response
21.03.11

Pension Protection Fund

Calculation of PPF compensation and FAS assistance in the context of equalisation for schemes contracted-oout on a GMP basis

Margaret Watchorn

Response
17.03.11

Pension Protection Fund

Assumptions to be used for valuations under sections 143 and 179 of the Pensions Act 2004

Margaret Watchorn

Response
04.03.11

Financial Services Authority

Response to FSA Quarterly Consultation (No 27) CP11/01

Pauline Simpson

Response
03.03.11

HM Treasury

Consultation on the discount rate used to set up unfunded public service pension contributions

Paul Atkinson

Response
21.02.11

Financial Reporting Council

Draft plan and budget and levy proposals 2011/12

Derek Cribb

Response
18.02.11

HM Revenue & Customs

Overview of draft legislation for Finance Bill 2011

Margaret Watchorn

Response
18.02.11

Ministry of Justice

Claims Management Regulation: Proposal to amend the Conduct of Authorised Persons Rules 2007 to prohibit the offering of cash payments or similar as an inducement to make a claim

Peter Stirling

Response
02.02.11

Commission on Funding of Care and Support

Commission on Funding of Care and Support

Pauline Simpson

Response
10.01.11

Department for Work and Pensions

The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2011

Margaret Watchorn

Consultation responses 2010

Date response submitted

Organisation

Title

Lead staff member

Response
22.12.10

IFRS

Leases. Exposure Draft ED/2010/9

Margaret Watchorn

Response
20.12.10

Pension Protection Fund

The pension protection levy. A new framework

Margaret Watchorn

Response
17.12.10

Independent Public Service Pensions Commission

Call for evidence for final report

Michael Scanlan

Response
25.11.10

IFRS

 Insurance contracts. Exposure Draft ED/2010/8

Pauline Simpson

Response
10.11.10

ASB Urgent Issues Taskforce

Draft abstract "Accounting implications of the replacement of the Retail Prices Index with the Consumer Prices Index for Retirement Benefits"

Margaret Marchetti

Response
08.11.10

Pension Protection Fund

2011/2012 Pension Protection Levy Consultation

Margaret Marchetti

Response
01.11.10

Commons Select Committee on Transport

Transport Committee Inquiry - Cost of motor insurance

Peter Stirling

Response
22.10.10

Department for Business, Innovation and Skills; DWP

Phasing out the default retirement age

Maria Singleton

Response
21.10.10

AADB

The referral of formal complaints to disciplinary tribunals

Christine McConnell

Response
15.10.10

Board for Actuarial Standards

Funeral Plans TAS

Pauline Simpson

Response
06.10.10

HM Treasury

A new approach to financial regulation: judgement, focus and stability

Laura Clarke

Response
15.09.10

HM Treasury

Removing the requirement to annuitise by age 75

Audrey Cosens 

Response
06.09.10

International Accounting Standards Board

IASB Exposure draft: Defined Benefit Plans. Proposed amendments to IAS 19

Martin Hewitt 

Response
01.08.10

Board for Actuarial Standards

Exposure Draft: Transformations

Martin Hewitt 

Response
30.07.10

Independent Public Service Pension Commission

Discount rates

Martin Hewitt 

Response
25.06.10

Society of Actuaries in Ireland

Code of professional conduct

Richard Maconachie 

Response
04.06.10

Board for Actuarial Standards

TM1: Statutory illustrations of money purchase benefits

Martin Hewitt

Response
02.06.10

Financial Services Authority

Quarterly consultation no.24. CP10/10

Pauline Simpson

Response
02.06.10

HM Revenue & Customs

Consultation on Solvency II and taxation of insurance companies

Pauline Simpson

Response
21.05.10

Board for Actuarial Standards

Exposure draft: pensions

Martin Hewitt

Response
28.04.10

Financial Services Authority

Consultation paper 10/3:  Effective corporate governance (significant influence controlled functions and the Walker Review)

Mark Symons

Response
11.03.10

Financial Reporting Council

Draft plan and levy proposal 2010/11  

Caroline Instance 

Response
09.03.10

Board for Actuarial Standards

Modelling (TAS M) 

Richard Maconachie 

Response
09.03.10

Board for Actuarial Standards

Transformations 

Martin Hewitt 

Response
02.02.10

Society of Actuaries in Ireland

Conflicts of interest - pensions actuaries

Richard Maconachie 

Response
15.01.10

Department for Work and Pensions

The Pensions Protection Fund (Miscellaneous Amendments) Regulations 2010 - consultation 

Martin Hewitt 

Response
07.01.10

Board for Actuarial Standards

Actuarial information used for accounts and other financial documents

Irene Paterson 

Consultation responses 2009

Date response submitted

Organisation

Title

Lead staff member

Response
26.11.09

Board for Actuarial Standards

Consultation on Technical Actuarial Standard for Insurance (TAS I) 

Pauline Simpson 

Response
20.11.09

Department for Work and Pensions

Workplace pensions reform: completing the picture

Martin Hewitt 

Response
11.11.09

Pension Protection Fund

The 2010/11 Pension Protection Levy Consultation

Martin Hewitt 

Response
05.11.09

HM Government

Shaping the future of care together 

Pauline Simpson 

Response
23.10.09

Association of British Insurers

Consultation on the Statement of Best Practice for Critical Illness 

Pauline Simpson 

Response
09.10.09

Financial Services Authority

Distribution of retail products. Delivering the RDR

Richard Maconachie 

Response
07.10.09

Board for Actuarial Standards

Consultation on Technical Actuarial Standard for Pensions (TAS P) 

Martin Hewitt 

Response
05.10.09

Walker Review

A review of corporate governance in UK banks and other financial industry entities 

Caroline Instance 

Response
30.09.09

International Accounting Standards Board

Financial instruments: classification and measurement  

Martin Hewitt 

Response
30.09.09

International Accounting Standards Board

Proposed amendments to IAS19 - Discount rate for employee benefits  

Martin Hewitt 

Response
29.09.09

Equalities Office

Equality Bill: Making it work. Ending age discrimination in services and public functions

Peter Stirling 

Response
28.09.09

International Accounting Standards Board

Exposure Draft: Fair value measurement
Discussion Paper: Credit risk in liability measurement 

Martin Hewitt 

Response
28.09.09

HM Treasury

Reforming financial markets 

Pat Rustem 

Response
04.09.09

Board for Actuarial Standards

Technical Actuarial Standard - Modelling (TAS M)

Irene Paterson 

Response
04.09.09

Board for Actuarial Standards

Technical Actuarial Standard - Data (TAS D)

Irene Paterson 

Response
10.08.09

Financial Services Authority

FSA Consultation Paper CP 09/20 - Quarterly consultation (No. 21)

Pauline Simpson 

Response
07.08.09

Personal Accounts Delivery Authority

Building Personal Accounts: Designing an investment approach

Pat Rustem 

Response
27.07.09

International Accounting Standards Board

Prepayments of a Minimum Funding Requirement - Proposed amendments to IFRIC 14 (ED/2009/4)

Martin Hewitt 

Response
17.07.09

International Accounting Standards Board

IASB Discussion Paper DP/2009/1: Leases. Preliminary views 

Martin Hewitt 

Response
17.06.09

Financial Services Authority

FSA Discussion Paper DP09/2: A Regulatory Response to the Global Banking Crisis  

Pat Rustem 

Response
22.05.09

Financial Services Authority

FSA Consultation Paper CP09/9: With profits funds - compensation and redress. Further consultation, feedback on CP08/11 and draft Handbook text  

Pauline Simpson 

Response
21.05.09

Board for Actuarial Standards

Technical Actuarial Standard - Reporting Actuarial Information
(TAS R)

Irene Paterson 

Response
13.05.09

Department for Work and Pensions

Draft guidance on method and assumptions to use when undertaking a valuation for relevant FAS qualifying schemes  

Martin Hewitt 

Response
20.04.09

International Accounting Standards Board

Preliminary views on financial statement presentation

Martin Hewitt 

Response
03.04.09

Financial Services Authority

Independent review of corporate governance of UK banking industry (the 'Walker Review') 

Mark Symons 

Response
30.03.09

EU Commission

Solidarity in health: EU action to reduce health inequalities 

Pauline Simpson 

Response
23.03.09

Financial Services Authority

FSA CP08/24: Stress and scenario testing 

Pauline Simpson 

Response
20.03.09

The Panel on Fair Access to the Professions

The Panel on Fair Access to the Professions 

Caroline Instance 

Response
06.03.09

Board for Actuarial Standards

Consultation paper: Modelling 

Richard Maconachie 

Response
01.03.09

Financial Services Authority

CP08/22: Strengthening liquidity standards 

Pat Rustem 

Response
13.02.09

Pension Protection Fund

Consultation on the future development of the Pension Protection Levy 

Martin Hewitt 

Response
26.01.09

Board for Actuarial Standards

Consultation Paper on Generic Data Standard 

Richard Maconachie 

Response
21.01.09

Financial Services Authority

DP 08/04: Insurance risk management and the path to Solvency II 

Peter Stirling 

Consultation responses 2008

Date response submitted

Organisation

Title

Lead staff member

Response
22.12.08

Department for Work and Pensions

Employer debt technical amendments

Martin Hewitt 

Response
22.12.08

Board for Actuarial Standards

Amending TM1 for revised contracting-out provisions 

Martin Hewitt 

Response
28.11.08

European Commission

The harmonisation of Solvency Rules applicable to Institutions for Occupational Retirement Provision (IORPs) covered by Article 17 of the IORP Directive and IORPs operating on a cross-border basis 

Martin Hewitt 

Response
07.11.08

HM Government

The case for change - Why England needs a new care and support system 

Pauline Simpson 

Response
28.10.08

Department for Work and Pensions

The Occupational Pension Schemes (contracting-out) (amendment) Regulations 2009 

Martin Hewitt 

Response
01.10.08

Financial Reporting Council

Promoting actuarial quality 

Richard Maconachie 

Response
30.09.08

Professional Oversight Board

Monitoring and scrutiny of actuarial work 

Richard Maconachie 

Response
30.09.08

Ministry of Justice

CP 14/08 - Pleural plaques 

Peter Stirling 

Response
26.09.08

International Accounting Standards Board

Preliminary views on amendments to IAS 19 Employee Benefits 

Martin Hewitt 

Response
19.09.08

The Pension Regulator

Guidance on calculation of cash equivalent transfer values 

Martin Hewitt 

Response
03.09.08

Financial Services Authority

CP 08/11 With-profits funds - compensation and redress 

Pauline Simpson 

Response
02.09.08

Financial Reporting Council

Proposals for future arrangements for funding the FRC's activities in relation to accounting, auditing and corporate governance 

Caroline Instance 

Response
18.08.08

Government Equalities Office

The Equality Bill - Framework for a fairer future 

Peter Stirling 

Response
01.08.08

Board for Actuarial Standards

Technical Actuarial Standard - Reporting Actuarial Information (TAS R) 

Richard Maconachie 

Response
01.08.08

Board for Actuarial Standards

Structure of new BAS standards (and implications for adopted GNs) 

Richard Maconachie 

Response 
11.07.08

Accounting Standards Board

The Financial Reporting of Pensions 

Martin Hewitt 

Response 
27.06.08

Board for Actuarial Standards

Actuarial mortality assumptions. Discussion paper 

Martin Hewitt 

Response 
23.05.08

Board for Actuarial Standards

Conceptual framework for technical actuarial standards and scope and authority of technical standards 

Caroline Instance 

Response 
12.05.08

The Pensions Regulator

Good practice when choosing assumptions for defined benefit pension schemes with a special focus on mortality 

Martin Hewitt 

 

Response
22.04.08

Personal Accounts Delivery Authority

Building personal accounts: choosing a charging structure 

 

Margaret Marchetti

 

Response 
14.04.08

Treasury Select Committee

Treasury Select Committee inquiry into inherited estate 

 

Pauline Simpson

 

Response
31.01.08

Board for Actuarial Standards

Towards a conceptual framework

Caroline Instance