We will be heard on relevant matters and promote actuarial science and the value it brings to business and society.
PPAB plays a crucial governance role by:
- to support the strategic development of the IFoA’s public affairs and policy agenda.
- to assess activity against the IFoA’s public affairs strategy and provide direction accordingly.
Planning and oversight
- to approve an annual public affairs and policy plan and monitor progress
- to have oversight of the IFoA’s public affairs and policy outputs, including, but not limited to:
- media releases
- communications to key stakeholders
- consultation responses
- policy briefings and position statements.
- to support the development of an evidence-based approach
- to support the delivery of an integrated public affairs programme by representing the IFoA with key partner stakeholder groups.
- for those PPAB members representing the key policy priorities they will be recruited through the volunteer vacancy process and their tenure will be in line with the Governance Manual.
Membership of the PPAB
Executive Support: Public Affairs Executive
The Board shall comprise no fewer than nine and no greater than twelve members:
- The Presidential team (President, Immediate Past President and President-elect)
- Chair of Regulation Board
- At least two and no more than five additional members (of which up to two may be lay members)
- IFoA Director of Public Affairs and Research
- IFoA CEO
Members are as follows:
- Jules Constantinou, Immediate Past President
- John Taylor, President
- Tan Suee Chieh, President Elect
- Rt. Hon David Heath (Chair)
- Stephen Mann
- Annette Spencer
- Neil Buckly, Chair of Regulation Board
- Kartina Thomson
- Hilary Salt
- Charles Cowling
All vacancies arising on Boards and their sub committees are advertised on our volunteer vacancies web page. Further information for volunteers, including tips on how to chair a meeting, can be found in the Volunteer Information Pack.
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This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.
We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.