|7 May, 2015||Conservative Mandate||In the general election, David Cameron wins a 12-seat majority with a manifesto that includes the commitment to hold an in/out referendum on the UK’s membership of the European Union.|
|23 June, 2016||The Referendum||The referendum sees Leave campaigners win a narrow victory with 51.9% against and 48.1% for Remain. Mr Cameron resigns immediately as Prime Minister.|
|13 July, 2016||New PM||Theresa May becomes Prime Minister.|
|17 January, 2017||Lancaster House Speech||
The PM gives her first speech setting out the type of Brexit deal she will be pursuing when formal negotiations begin. The key points covered in the speech included:
|29 March, 2017||Article 50||The PM triggers Article 50 which starts the clock on the process of the UK leaving the EU.|
|8 June, 2017||Snap Election||Having surprised many by calling a general election, the PM loses her majority in Parliament. Northern Ireland's DUP - led by Arlene Foster - makes a deal with the Conservatives and its votes allow the PM to stay in power.|
|26 June, 2017||Negotiations Begin||Formal negotiations on withdrawal begin between the UK and the EU.|
|22 September, 2017||Florence Speech||
In an effort to break a deadlock in the negotiations, the PM set out the UK's position on how to move Brexit talks forward on the following key areas:
|13 December, 2017||Westminster Rebellion||Rebel Tory MPs side with the Opposition, forcing the government to guarantee a vote on the final Brexit deal, when it has been struck with Brussels.|
|15 December, 2017||Negotiations Phase 2||The EU agrees to move on to the second phase of negotiations after an agreement is reached on the Brexit “divorce bill”, Irish border and EU citizens’ rights.|
|2 March, 2018||Mansion House Speech||
The PM gives a third speech outlining her plans for the next phase of negotiations. Topics included:
|19 March, 2018||Negotiations Progress||The UK and EU make decisive steps in negotiations. Agreements include dates for a transitional period after Brexit day, the status of EU citizens in the UK before and after that time and fishing policy. Issues still to be sorted out include the Northern Ireland border.|
|6 July, 2018||Chequers Statement||
The Government forms a final list of demands from the EU at a ‘Cabinet Away Day’, attempting to reach a general consensus on the content of the Brexit legislation, and how the final round of negotiations will progress. It covered:
Preparation for a ‘no deal Brexit’
|12 July, 2018||White Paper Published||The Government published its Brexit White Paper, outlining the Government's approach to managing the country's withdrawal from the EU.|
|15 November, 2018||The Clock Runs Out||Theresa May presented the deal to Parliament.|
|25 November, 2018||EU Summit||EU Leaders agree to the Prime Ministers Brexit deal.|
14 January, 2019
|Vote||The Government was defeated in a 'meaningful vote' on the Withdrawal Agreement|
|12 March, 2019||Second Vote||The Government held its second 'meaningful vote' on the Withdrawal agreement which was defeated.|
|21 March, 2019||Extension||The Prime Minister secured a short extension to Article 50 to delay Brexit until 12 April. The EU has said that agreement on a further extension of Article 50 to the end of May would be possible, but only if the UK approves a withdrawal agreement before 12 April.|
|10 April 2019||Second Extension||
The Prime Minister and EU leaders agreed to a flexible extension of Article 50 until 31 October 2019. The UK has until this date to agree and pass a withdrawal deal.
|23 - 26 May, 2019||European Elections||The UK participates in European Elections, selecting 73 MEPs in 12 multi-member regional constituencies.|
|24 May, 2019||Theresa May resigns||Theresa May declares that she will step down as Prime Minister on 7 June 2019. The Conservative Party will select a new leader and Prime Minister. The new Government will take the lead in delivering Brexit.|
|24 July 2019||Boris Johnson confirmed as new Prime Minister||Boris Johnson succeeds Theresa May as the UK's 55th Prime Minister|
|17 October 2019||EU Summit||The final scheduled summit of EU leadersbefore the October 31 deadline begins in Brussels. The Prime Minister announces that a revised deal has been struck.|
|19 October 2019||Benn Act Deadline||
In accordance with the terms of the Benn Act, the PM asked the EU for a further extension of its departure date, as a deal had not been approved by Parliament, and Parliament did not consent to the UK leaving with no-deal.
|22 October 2019||MPs Vote on the Withdrawal Agreement||
The Withdrawal Agreement Bill passes its second stage reading in the House of Commons, but failed to pass its program motion, ensuring that the UK's departure on the 31 October would be delayed, with the EU’s agreement.
|28 October 2019||EU Agrees to Extension||
The European Union agreed to grant the U.K. up to three more months to finalise its departure. Brexit will take place on the first day of the month following the ratification of the Withdrawal Agreement, “or on 1 February 2020, whichever is the earliest.”
|1 December 2019||First Possible Departure Date||According to the terms of the extension of Article 50, the UK can leave the EU on this date if the House of Commons and the European Parliament ratify the exit deal before this date.|
|12 December 2019||General Election||A General Election was held and a new majority Government was formed.|
|20 December||Withdrawal Agreement Bill||The EU Withdrawal Agreement Bill is introduced to parliamment, with MPs passing its second stage reading.|
|1 January 2020||Second Possible Departure Date||According to the terms of the extension of Article 50, the UK can leave the EU on this date if the House of Commons and the European Parliament ratify the exit deal after the 1 January 2020, and before this date.|
|1 February 2020||Final Possible Departure Date||The UK will leave the EU on this date at the latest, either under the terms of the Withdrawal Agreement or with no deal, unless the Government and EU agree to extend or revoke Article 50.|
The ongoing negotiations between Westminster and the EU are constantly changing. There is still much uncertainty surrounding both how, and when, we will depart from the EU.
As the existing state of affairs develops we will endeavour to keep you updated with the latest news. Should you want any further information please contact the IFoA Policy team – firstname.lastname@example.org
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There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia. The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.
This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.
This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements.
The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise. In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities.
“Lifestyle Product” being the key to make insurance a daily necessity rather than a luxury, by having high engagement and interaction with the consumers through:
Consumer expectations are changing Insurance. The Royal Commission in Australia, Design Obligations in the UK, the insurtech ecosystem, and digital-first consumers demanding personalised solutions will all revolutionise how insurance looks like in the future.
This presenter / panel workshop hybrid will be anchored by two presentations examining the socioeconomic, medical and technological factors that will have a significant impact on mortality and our pricing over the next 20 years and beyond. It will also discuss whether significant mortality improvement will continue in Asia or whether varying experience of low improvements or deterioration.
16.00-17.00 (GMT+8) | 09.00-10.00 (BST)
This presentation explores some liability-aware investment solutions to address local regulatory changes faced by insurance companies in Asia.
This presentation aims to provides an overview of the reformation of current Chinese regulatory solvency regime, how industry coping with the new normal after pandemic time and how the reformation of the regulation could help the insurance industry gets back on its feet as well as coming back to the “protection” core value for the policyholders. The presentation would include:
16.00-17.00 (GMT+8) | 09.00-10.00 (BST)
The basic data of China’s 2nd Critical Illness Mortality Table covers 2000+ products in Chinese market, including about 340 million insurance policies and 5.1 million claimants. Presenter will give the audience a general understanding including but not limited to the following contents:
What are the advantages of using artificial intelligence (AI) in investing? What are the differences between traditional quant and AI? This new webinar discusses challenges and the future of AI in the investment sector.
Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
This session is a repeat of the one earlier today at 09:30
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.