IFoA appoints Lay Chair for ground-breaking Quality Assurance Scheme

The Institute and Faculty of Actuaries (IFoA) today announced the appointment of Tanya Castell as Lay Chair of the IFoA's Quality Assurance Scheme sub-committee.
 
Tanya has a strong financial services background from her executive career (predominantly spent working for global blue chip organisations) with experience of corporate governance, policy implementation and risk management. Tanya is now on the board of the UK's Faster Payments Scheme, Scottish Canals (as Vice Chair) and Societe Generale Newedge and chairs board committees for each of these organisations.  She is also chair of the charity Changing the Chemistry and is on the governing board of Fettes College and Soirbheas Ltd, a community charity in the Highlands.

The Quality Assurance Scheme (QAS) is an innovative, ground-breaking initiative for employers of actuaries that accredits organisations on the quality of their business polices and processes.  The QAS sub-committee will oversee the operation on the QAS and make decisions as to accreditation.

Fiona Morrison, President of the Institute and Faculty of Actuaries said:

"I am delighted that Tanya will be joining us as Lay Chair of the QAS sub-committee.  Tanya brings a wealth of experience in risk, change and corporate governance from over 25 years in banking.  Her knowledge and leadership will help ensure the successful implementation of the QAS."
 
Tanya Castell comments:
 
“It is a pleasure and an honour to be appointed as Lay Chair of the QAS sub-committee and I look forward to working with my sub-committee members on this important initiative.  The first participant organisations will be accredited into the scheme in 2016, demonstrating their commitment to the quality of their actuarial work and standards.  This landmark initiative is a first for the actuarial profession world wide, and I am pleased to be part of this drive to promote actuarial best practice with organisations that employ IFoA members.”
 
~ENDS~

Find out more about the Quality Assurance Scheme  or by contact QAS@actuaries.org.uk

For further information contact:

Annette Heninger, Media Relations Manager
Tel: 07525 592 198
Email: annette.heninger@actuaries.org.uk

Editorial notes:
About the Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries (IFoA) is a royal chartered, not-for-profit, professional body.

Research undertaken by the IFoA is not commercial.  As a learned society, research helps us to fulfil our royal charter requirements to further actuarial science and serve the public interest. 

Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.

Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.

Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.

The IFoA is available to provide independent expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.