In Episode 1, the IFoA’s Head of Public Affairs Henry Thompson spoke to Tanisha Aggarwal, Account Director at Hannover Communications, about the big picture of Brexit for financial services firms. Listen to this episode for an overview of the current state of play and political landscape surrounding Brexit.
In Episode 2, IFoA Policy Manager Catherine Burtle spoke to Karen Brolly, Chair of the Life Insurance Board, about the potential implications of Brexit for UK based Life insurance customers. This episode covers consumer protections, and the practicalities of Brexit for customers, as well as the potential broader implications for financial stability and longevity/morbidity.
In Episode 3, the IFoA’s Head of Public Affairs spoke to Chris Reynolds, Chair of the IFoA’s Health and Care Board, about the potential implications of Brexit for actuaries working in the health and care space. In this episode hear how Brexit might impact protection product policy holders, the social care system, the UK’s access to medicine and medical supplies and what might happen on gender neutral pricing for UK policyholders.
In Episode 4, the IFoA’s Media Relations Manager Sonia Sequeira spoke to IFoA Fellows Nick Dumbreck, Kartina Tahir-Thompson and Grahame Stott about the IFoA’s relationship with the Actuarial Association of Europe (AAE). Listen to this episode to hear more about the IFoA’s ongoing work with the AAE and how the two organisations plan to move forward in 2021 and beyond.
In Episode 5, the IFoA’s Media Relations Manager Sonia Sequeira spoke to IFoA Fellows Stewart Mitchell and Cat Drummond. Both are partners at Lane Clark and Peacock, specialising in insurance consulting. Listen to this episode to hear more about the possible impact of Brexit on those working in General Insurance.
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We’ve all heard about the gender pay gap. Sadly, the gap doesn’t just exist with base pay.
Research carried out by Legal & General in 2021 across the four million members in our Defined Contribution (DC) pensions, found that there’s a gender pension gap too, continuing the divide between men and women.
As current global events continue to demonstrate, geopolitical tensions present significant risks to corporates of all sizes. However, these types of risk are often not given the discussion time it needs at the board level or executive committee levels, nor the resources required to anticipate, analyse and mitigate them effectively.
At retirement, it has become very popular for those with Defined Contribution (DC) pensions to choose drawdown rather than an annuity, but drawing a sustainable lifetime income in this way is an impossible challenge for most people. We consider a Decumulation Pathway for the typical consumer, where a small part of the DC fund is set aside for any flexible access and legacy requirements. The bulk is then used to provide a lifetime income, utilising the pooling or insuring of longevity risk.
We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.