The Institute and Faculty of Actuaries (IFoA) has awarded the Quality Assurance Scheme (QAS) accreditation to Redington Limited after its successful application for inclusion in the scheme.
The QAS is a voluntary accreditation scheme available on application to organisations that employ members of the IFoA. It is designed for organisations who wish to demonstrate their commitment to effective quality assurance at the organisational level that underpins the quality of actuarial work. All organisations receiving QAS accreditation have to pass a rigorous, independent assessment of their working environment, culture and processes.
Steven Yang-Yu, Head of Asset Liability Management said:
Having always invested heavily in our systems, processes and controls, we are pleased that we have met the high standards set by the QAS process.
As part of our systems evolution, we are migrating our processes from spreadsheet to central storage and cloud-based analytics.
We are delighted the IFoA were able independently verify that we are delivering a system and set of processes that can satisfy stringent external examination.
Find out more about the Quality Assurance Scheme.