14 May 2020
The Institute and Faculty of Actuaries (IFoA) is delighted to announce that its prestigious Quality Assurance Scheme (QAS) accreditation has been awarded to Nicholas Actuarial Solutions on 5 May 2020. This represents a further extension to the scheme membership in Asia, where we are pleased to be accrediting those who have met the QAS standards. Find out more about the QAS
The global accreditation scheme is designed to provide a level of assurance with regard to an organisation’s commitment to high quality actuarial work. It has been awarded to Nicholas Actuarial Solutions in recognition of its creation of an excellent working environment which values professionalism, technical quality and regulatory compliance.
QAS was first launched in the UK in September 2015 and around 25% of UK-based actuaries now work for a QAS accredited organisation. After a successful pilot in 2017 in Hong Kong, Malaysia and Singapore, the accreditation is now available globally, with several employers across Asia gaining the QAS accreditation to date.
“We are very pleased to receive this global accreditation of the highest quality assurance from the IFoA. The QAS provides us with a sound quality framework which is critical to the rapid growth of our business. We are confident that the QAS accreditation will further serve as an impetus for our continued business expansion. We have always prided ourselves on our commitment to quality and professionalism. The QAS accreditation speaks volumes to our commitment.”
Nicholas Yeo, Founder of Nicholas Actuarial Solutions
We’re delighted to award Nicholas Actuarial Solutions the IFoA Quality Assurance Scheme accreditation in recognition of its commitment to the delivery of high quality actuarial work.
Membership of the scheme means that an organisation has met our standards for quality assurance (including work review), conflicts of interest, development and training of actuarial staff, speaking up about matters that cause concern and relationships with service users. This is of great importance to any external body in that they can be confident that the highest of standards in actuarial science is being achieved by an organisation which is a member of our scheme.
Stephen Mann, IFoA Chief Executive
About the QAS
The QAS is a recognised mark of excellence for organisations world-wide; providing benefits that range from boosting external perspectives of actuarial employers, more streamlined and efficient regulation and demonstrating a commitment to learning, development and continuous improvement. Quality assurance is key in maintaining public confidence in an organisation, as well as the actuarial profession in general.
The QAS is open to organisations employing one or more IFoA members and is available globally.
Find out more about how your business can become accredited or contact our QAS team at QAS@actuaries.org.uk.