6 May 2021
Following the publication of the Department for Business, Energy and Industrial Strategy (BEIS) White Paper on reform of audit and corporate governance which sets out important proposals for the future of UK actuarial regulation, a number of initiatives are already underway to ensure the profession’s voice is heard in this important debate.
A dedicated IFoA Council-led steering group - the Regulatory Strategy Group - is leading the IFoA’s response to the consultation on behalf of the profession, and will be seeking views and feedback to inform the response. Members of this group and the IFoA’s Executive Team are also leading engagement with stakeholders across the industry who have an interest in the White Paper, as well as with Government officials.
The IFoA intends to host a series of webinars with groups of members to ensure you are appraised of the Government’s proposals and to update you on the profession’s view. Further details are to follow in due course.
The FRC will also be holding a webinar Wednesday, 12 May 2021, 1:00pm – 1:45pm to discuss actuarial regulatory reform. This webinar will be focused on the:
- statutory regulatory basis
- setting, monitoring & enforcing standards, and
- regulating entities.
Register for the webinar
To support the Government’s consultation, the FRC will be holding a series of roundtables to provide stakeholders with further insight into key aspects of the consultation and to hear your views on the government’s proposals. You can find out more about the FRC’s extensive outreach programme and register to attend the roundtables on the FRC website. The FRC has also produced a short podcast on the actuarial proposals included in the Government’s consultation. Find out more about these proposals from Vanessa Leung, the FRC’s Director of Actuarial Policy and Sian Barr, FRC Project Director in the Actuarial Policy Team.