CILA is one of the pre-eminent events in the annual Life calendar often drawing over 200 delegates.
The programme this year features a timely mix of hot topics: updates from the regulator and the FRC on key regulatory changes, practitioners sharing their experiences on working in a Solvency II environment, key insights into the future of investment and Life products, and a Professional Skills session on communicating papers to the board in ethical grey areas.
CILA is aimed at practicing life actuaries from life offices, consulting firms and other employers of actuaries. It will also be of interest to all those who work in, or advise on, the life assurance market in the UK and Europe.
Event organiser
Contact Waleed Soliman for more information.
Waleed.Soliman@actuaries.org.uk
020 7632 1476
CPD
CPD| 9.00 – 9.30 | Registration and refreshments |
| 9.30 – 9.35 |
Intro/welcome from chair James Crispin, Aegon |
| 9.35 – 10.20 |
Solvency II and beyond: developments in regulatory policy
Alan Sheppard, Bank of England |
| 10.20 – 11.05 |
IMAP Approval: Lessons Learned from Practitioners A panel of experts from different Life Insurers will share their experiences of successfully getting their companies over the line on model approval. - The value firms have gotten out of the process Chair: Dom Veney, PWC Panelists: Peter Telford, L&G Claire Hawkins, Phoenix Matthew Ford, Prudential |
| 11.05 – 11.30 |
Refreshments |
| 11.30 – 12.15 |
A retirement product for the future: Keeping the benefits but not the guarantees The presenters will show how to (a) design a retirement product that gives the customer a high certainty about retirement income, without resorting to costly guarantees or low risk, low return investments; (b) boost retirement income by using their retirement savings to buy a new ''solvency-free'' life annuity; and (c) clearly communicate the benefits and risk of these products to the customer in a natural framework. This presentation is based on joint research from Heriot-Watt University, Cass Business School (City University London) and University of Barcelona. Catherine Donnelly, Heriot Watt and Jens Nielsen, Cass Business School |
| 12.15 – 13.00 |
Investment architecture: Extracting value from alternative assets through innovative investment vehicles Gareth Sutcliffe and Sam Tufts, EY |
| 13.00 – 14.00 | Lunch |
| 14.00 – 14.45 |
The risks from UK Budgets – how the industry, profession and life companies deal with this Black Swan The panellists will discuss: - How we influence policy We expect to illustrate the points by touching on recent developments but the session is not intended to be a technical or commercial assessment of items included in the 2016 Budget Chair: David Gulland Panelists: Ben Gaukrodger – Manager, Savings Policy, ABI Paul Reynolds – Public Affairs Director, IFoA Mark Laidlaw – Group Chief Actuary, LV= |
| 14.45 – 15.30 |
FCA review of the fair treatment of long-standing customers in the life insurance sector Discussion of the key findings from the recently published FCA thematic review of the treatment of long-standing customers by life insurers, and the expectations the FCA has set out against the areas of firm strategy and governance, customer communications, fund performance and charge reviews, and customer treatment on exit or becoming paid-up. Andrew Ruddle and Catherine Gavin, FCA |
| 15.30 – 16.00 | Refreshments |
| 16.00 – 16.30 |
FRC Update with a focus on discussion of TAS 100 and TAS 200 Ann Muldoon, FRC |
|
16.30 – 17.15 |
Professionalism: Communicating to the board in ethical grey areas. Michael Aa, Phoenix Group and Neil Hilary, IFoA
|
| 17.15 | Close |
Location
Address
30 Euston Square, London, NW1 2FB
Nearest Public Transport
30 Euston Square is just 1 minute walk from Euston and Euston Square tube stations.