|Opening date||05 April 2017|
|Closing date||12 May 2017 (17.00 UK time, BST)|
|Expected award||End May 2017|
|Expected commencement||Early June 2017 onwards|
Resource and environment issues, particularly climate change, are increasingly recognised as being relevant to the work of actuaries, and the IFoA undertakes a range of research, thought leadership and public affairs activities in this field. The impact of resource and environment issues on pension schemes is less understood. Uncertainty over the size of the potential impact, and therefore whether it is material, is one of the barriers to adequately reflecting these emerging issues.
In response, the IFoA has formed a Working Party of volunteer members to focus on this issue. The “Resource and Environment Implications for Pensions Actuaries” Working Party has created a Practical Guide for actuaries who advise UK defined benefit pension schemes which will be published shortly. The guide explains where resource and environment issues are relevant to pension schemes and the work of pensions actuaries, as a first attempt at helping them navigate the associated uncertainties, in collaboration with covenant and investment advisers.
The Working Party has received feedback that pensions actuaries seek some quantification of resource and environment impacts before incorporating them into their work. It has concluded that the Practical Guide is likely to gain much more interest from and traction with, actuaries if it is supported by some quantification. Therefore the IFoA is commissioning a piece of quantitative research which will be used to develop the supplementary report on funding advice, as well as being made available through standalone research outputs.
The research is intended to address the need for pensions actuaries to understand the potential magnitude of climate change impacts, and hence if and when climate change might be relevant to the funding advice they give. The key difference from previous published work on pensions and climate change is that the Working Party would like this research to consider the impact on pension scheme liabilities as well as assets.
Proposals would be welcomed from any research-led organisations within the university, not-for-profit, public or private sector. Organisations may be based in the UK or elsewhere in the world. We are particularly encouraging submissions from multi-disciplinary teams, which may span more than one organisation.
Download the Call for Research on Modelling pension funds under climate change. This document includes essential information for applicants, including how to apply.
For more information about the calls for research please contact the Research and Knowledge Team.
Filter or search events
The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann.
What are the options for the world economy looking ahead?
In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.
Trust and Leadership for Actuaries
Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:
In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.
Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.
As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.