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2013

Institute and Faculty of Actuaries (IFoA) consultation responses 2013
IFoA consultation response  Organisation  Consultation Contact
Response 23.12.2013 Department for Work and Pensions Reshaping Workplace Pensions for Future Generations Philip Doggart
Response 13.12.2013 Financial Reporting Council Exposure Draft - AS TM1: Statutory Money Purchase Illustrations Philip Doggart
Response 13.12.2013 Office for National Statistics The Census and Future Provision of Population Statistics in England and Wales Public.affairs@actuaries.org.uk
Response 12.12.2013 Department for Work and Pensions The Pensions Act 2011(Transitional and Consequential Provisions) Regulations 2014 Philip Doggart
Response 29.11.2013 Department for Work and Pensions Better Workplace Pensions: a Consultation on Charging Philip Doggart
Response 15.11.2013 Prudential Regulation Authority CP9/13 - Solvency II: Applying EIOPA’s Preparatory Guidelines to PRA-authorised Firms Public.affairs@actuaries.org.uk
Response 06.11.2013 Financial Conduct Authority CP13/9 Quarterly Consultation Paper No. 2 (Chapter 9) Philip Doggart
Response 31.10.2013 Financial Reporting Council Draft FRS 103 Insurance Contracts Public.affairs@actuaries.org.uk
Response 31.10.2013 Financial Stability Board Assessment Methodology for the Key Attributes of Effective Resolution Regimes for Financial Institutions Public.affairs@actuaries.org.uk
Response 31.10.2013 EIOPA Discussion Paper on Sponsor Support Technical Specifications Philip Doggart
Response 25.10.2013 International Accounting Standards Board Revised Exposure Draft Insurance Contracts Public.affairs@actuaries.org.uk
Response 25.10.2013 Department of Health Caring for our Future: Reforming What and How People Pay for their Care and Support Public.affairs@actuaries.org.uk
Response 24.10.2013 Pension Protection Fund PPF - The 2014/15 Pension Protection Levy Consultation Document Philip Doggart
Response 18.10.2013 Bank for International Settlements Longevity Risk Transfer Markets: Market Structure, Growth Drivers and Impediments, and Potential Risks Public.affairs@actuaries.org.uk
Response 15.10.2013 Financial Stability Board Application of Key Attributes of Effective Resolution Regimes to Non-Bank Financial Institutions Public.affairs@actuaries.org.uk
Response 15.10.2013 Financial Stability Board Information Sharing for Resolution Purposes Public.affairs@actuaries.org.uk
Response 11.10.2013 Bank for International Settlements The regulatory framework: balancing risk sensitivity, simplicity and comparability Philip Doggart
Response 09.10.2013 HM Treasury Banking Reform: Draft Secondary Legislation Philip Doggart
Response 30.09.2013 Financial Stability Board Principles for an Effective Risk Appetite Framework Public.affairs@actuaries.org.uk
Response 30.09.2013 HMRC Withdrawing Relief for Interest on Loans to Purchase Life Annuities Public.affairs@actuaries.org.uk
Response 27.09.2013 Financial Conduct Authority The FCA's Approach to Advancing its Objectives Public.affairs@actuaries.org.uk
Response 23.09.2013 EIOPA Consultation Paper on Draft Report on Good Practices on Comparison Websites Public.affairs@actuaries.org.uk
Response 23.09.2013 EIOPA Good Supervisory Practices Regarding Knowledge and Ability Requirements for Distributors of Insurance Products Public.affairs@actuaries.org.uk
Response 20.09.2013 Department for Energy, Food and Rural Affairs  Water Bill - Publication of Draft Clauses Philip Doggart
Response 09.09.2013 Department for Work and Pensions Quality Standards in Workplace Defined Contribution Pension Schemes Philip Doggart
Response 09.08.2013 Department for Work and Pensions Triennial Review of Pensions Bodies Philip Doggart
Response 08.08.2013 Department for Energy, Food and Rural Affairs  Insurance in Areas of Flood Risk Philip Doggart
Response 26.07.2013 Money Advice Service  UK Financial Capability Strategy Public.affairs@actuaries.org.uk
Response 25.07.2013 International Accounting Standards Board  Defined Benefit Plans: Employee Contributions Proposed amendments to IAS 19 Philip Doggart
Response 19.07.2013 European Commission   Consumer Protection in Third-pillar Retirement Products Philip Doggart
Response 10.06.2013 General Register Office for Scotland  Beyond 2011: Consultation on User Requirements Philip Doggart
Response 17.05.2013 Department of Health Health Care and Associated Professions (Indemnity Arrangements) Order 2013 Philip Doggart
Response 07.05.2013 Ministry of Justice  Damages Act 1996: the Discount Rate - Review of theLegal Framework Philip Doggart
Response 30.04.2013 Financial Conduct Authority Discussion Paper DP 13/1 Transparency Philip Doggart
Response 30.04.2013 The Basel Committee on Banking Supervision, Joint Forum Mortgage Insurance: Market Structure, Underwriting Cycle and Policy Philip Doggart
Response 25.04.2013 Better Regulation Delivery Office Non-economics Regulators: Duty to have Regard to Growth Philip Doggart
Response 15.04.2013 Transport Select Committee Call for Evidence Evidence on Reducing the Number and Costs of Whiplash Claims Philip Doggart
Response 15.04.2013 Department for Work and Pensions Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 Public.affairs@actuaries.org.uk
Response 05.04.2013 Department for Work and Pensions The Transfer of Employment (Pension Protection) (Amendment) Regulations 2013 Philip Doggart
Response 22.03.2013 Department for Work and Pensions Draft Pensions Bill Philip Doggart
Response 19.03.2013 Financial Services Authority CP12/38 Mutuality and With-profits Funds: A Way Forward Public.affairs@actuaries.org.uk
Response 14.03.2013 The Basel Committee on Banking Supervision and the International Organization of Securities Commissions Margin Requirements for Non-centrally Cleared Derivatives - Second Consultative Document Philip Doggart
Response 07.03.2013 Department for Work and Pensions Pensions and Growth: Whether to Smooth Assets and Liabilities in Scheme Funding Valuations Philip Doggart
Response 01.03.2013 Groupe Consultatif Actuariel Européen Exposure Draft - Actuarial Standard of Practice 2 (GCASP2) - Actuarial Function Report Public.affairs@actuaries.org.uk
Response 21.02.2013 Department for Work and Pensions Pensions and Growth: Whether to Introduce a New Statutory Objective for the Pensions Regulator Philip Doggart
Response 11.02.2013 Money Advice Service Draft Business Plan 2013/14 Public.affairs@actuaries.org.uk
Response 01.02.2013 Financial Services Authority, FSA CP12/29 Personal Pensions : Feedback to CP12/5 and Final Rules on Disclosures by SIPP Operators, and Consultation on Inflation-adjusted Illustrations Public.affairs@actuaries.org.uk

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Events calendar

  • Spaces available

    This webinar is intended to raise awareness of the shifting landscape of climate liability risk and what it means for actuaries, including how it impacts on their professional and legal duties. Presentations will cover the legal risks around climate change for investment consultants and actuaries advising DB pension schemes as well as consideration of climate risk for insurers.

  • Spaces available

    Climate change risks are likely to become material for many risk management and investment decisions. This will require to incorporate explicitly climate change in the tools used for risk management and investment decisions. At present existing climate change tools are often too crude for decision making.

  • Current Issues in Life Assurance (CILA) Webinar series

    Webinar Series
    15 July 2020 - 3 August 2020

    Spaces available

    CILA is one of the pre-eminent events in the annual 'Life' calendar. Due to COVID-19 we are running the programme as a series of webinars covering topics aimed at practicing life actuaries from life offices, consulting firms and other employers of actuaries and those who work in or advise on, the life assurance market in the UK and Europe.

  • Spaces available

    Current Issues in Life Assurance

    For annuity writers, a key challenge is the need to fund capital-consumptive new business strain (NBS) as a consequence of writing the business intended to fund future distributions.

    Reinsurance, investment strategy and capital provision all have roles to play. Here, we:

  • Spaces available

    Current Issues in Life Assurance

    Mortality in 2020 is now dominated by one thing, although – in our future-focused world – the pandemic is just one of many mortality considerations.  In this session, three well-regarded mortality/longevity specialists provide an overview of:

  • Spaces available

    Because of Covid-19, forecasters predict a severe recession in 2020, followed by a V or U-shaped recovery. This impacts both individuals and companies. However, compared to previous recessions, the impact on banks of higher credit losses should be mitigated to some extent by government actions. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    This session will provide an overview of the Population Health Management Working Party's research including defining impactability and impactability modelling, discussing some examples of specific modelling approaches, considering the practical challenges across the NHS as well as wider public perception and ethical issues.

  • Spaces available

    Many actuaries consider career opportunities in the Finance and Investment practice area after having started off in more traditional actuarial roles such as valuations, capital management or pricing. This session is aimed at helping actuaries to better understand roles in Finance and Investment and how they can fine tune their skills to pursue such careers.

  • Mortality and Longevity Webinar Series 2020

    Webinar Series
    22 July 2020 - 10 August 2020

    Spaces available

    Due to COVID-19, we are running this programme via a series of webinars commencing 22nd July.

    This webinar series will provide topical and practical updates and discussion on the latest thinking and innovations in mortality and longevity, and is designed to be very accessible to a broad range of experience.

     

  • Spaces available

    Predictive risk assessment and risk stratification models based on postcode-level consumer classification are widely used for life insurance underwriting. However, these are socio-economic models not directly related to health information. Similar to precision medicine, precision life insurance should aim to tailor policy pricing/reserving to the individual health characteristics of each client.

  • Spaces available

    As insurers look towards their internal model calibration process for 2020 final year financials and statutory returns, actuaries need to deal with the complexity of adequately modelling their business in 2020 and beyond. This discussion will look at what poor model selection and calibration could look like – using inappropriate historical data; using incorrect 2020 mortality data; inappropriate stochastic model recalibration (or lack thereof). What about being prudent vs setting a best estimate? How do you allow for tail risks during a tail risk event?  This is the fourth webinar in the Extreme Mortality Events series presented by Chair of the Life Board of the Institute and Faculty of Actuaries, Colin Dutkiewicz. 

  • Spaces available

    This webinar has been re-scheduled from its original date of the 1st July. Although ESG has many buyers across the asset allocation community, from pension funds to sovereign wealth funds, it still hasn’t found its place within the core asset management strategy desks where the money is actually invested. The problem as well as the opportunity is Fixed Income. Plenty of strategies exist for incorporating ESG within Equities, from screening, integration to a combination. ESG has picked up relatively quickly within Equities with rating,indices created using ESG factors. This talk will discuss how we price a quantifiable ESG credit risk premium and make it alpha worthy in a strategy. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    With the rising prevalence of dementia, how can we manage this risk effectively and can insurance do more? Matt Singleton, Ageing Lead at Swiss Re, will cover these topics and demonstrate how insurance could help people address their concerns.

  • Spaces available

    Current Issues in Life Assurance

    This talk will look at a range of such techniques (e.g. mass lapse risk transfer, contract boundaries, risk margin relief, non-standard longevity risk transfer) that have been applied or considered by UK and EU insurers, and the pros and cons of each.

     

  • Spaces available

    Current Issues in Life Assurance.

    The International Association of Insurance Supervisors announced on 14 November 2019 the adoption of v2.0 of the global Insurance Capital Standard (ICS) which will undergo confidential reporting for 5 years starting from 2020. This session will include specific experiences from Legal and General (L&G) as well as global industry perspectives from EY.

  • Spaces available

    Current Issues in Life Assurance

    This session will cover the PRA supervisory statement on financial impacts related to climate change, industry insights into PRA climate risk business plans, examples climate risk strategy setting out key workstreams and activity steps for successful execution, an overview of a climate risk strategy execution timeline and the future.     

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. Using new and unique research and data from the UK, US, Sweden and China, this presentation investigates how consumers use the internet through their insurance journey and analyzes the role culture and generation plays in their online behaviour. We use this research to show the online landscape for insurance sales in the UK and suggest ways to shape new products and effectively engage with the consumer who is buying them.

  • Spaces available

    Chief Medical Officer (CMO) for Gen Re Life/Health Research and Development, Dr John O'Brien, will discuss the impacts of Gene Modification for life/health insurance. 

  • Spaces available

    As an industry, it has been important to be able to look to the future to identify the next quantifiable risk. In this session, I will explore some of the less tangible, but none-the-less concerning risks to future health, such as the health risks associated with exposure to pesticides, ingestion of plastic in the food chain, and the hazards of indoor air pollution through exposure to volatile organic compounds.

  • Spaces available

    The working party will help the industry to update and enhance how potential risk from diabetes and excess mortality is considered, including the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. 

    The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC.