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2011

Institute and Faculty of Actuaries (IFoA) consultation responses 2011
IFoA consultation response  Organisation  Consultation IFoA contact
Response 02.12.2011 Department of Health Caring for Our Future: Shared Ambitions for Care and Support Public.affairs@actuaries.org.uk
Response 28.11.2011 IFRS IASB Agenda Consultation Public.affairs@actuaries.org.uk
Response 02.11.2011 Pension Protection Fund The 2012/13 Pension Protection Levy Consultation Document Public.affairs@actuaries.org.uk
Response 26.10.2011 Commons Select Committee Social Care Inquiry Public.affairs@actuaries.org.uk
Response 12.10.2011 Office of Fair Trading Private Motor Insurance Call for Evidence Public.affairs@actuaries.org.uk
Response 22.09.2011 UK Debt Management Office CPI-linked Gilts Public.affairs@actuaries.org.uk
Response 08.09.2011 HM Treasury A New Approach to Financial Regulation: the Blueprint for Reform Public.affairs@actuaries.org.uk
Response 30.8.2011 European Financial Reporting Advisory Group Considering the Effects of Accounting Standards Public.affairs@actuaries.org.uk
Response 08.8.2011 Department for Work and Pensions Employer Debt (s75 of the Pensions Act 1995) Public.affairs@actuaries.org.uk
Response 12.7.2011 Board for Actuarial Standards TM1: Mortality Improvement Assumption. June 2011.
(Further BAS consultation to original Exposure Draft: TM1 Statutory money purchase illustrations - shown at 10.6.2011)
Public.affairs@actuaries.org.uk
Response 28.6.2011 HM Revenue & Customs Life Insurance Companies: A New Corporate Tax Regime. April 2011 Public.affairs@actuaries.org.uk
Response 27.6.2011 Pension Protection Fund Guidance for Bespoke Investment Risk Calculation. May 2011 Public.affairs@actuaries.org.uk
Response 24.6.2011 Department for Work and Pensions A State Pension for the 21st Century. April 2011 Public.affairs@actuaries.org.uk
Response 10.6.2011 Board for Actuarial Standards Exposure Draft: TM1 Statutory Money Purchase Illustrations. March 2011 Public.affairs@actuaries.org.uk
Response 27.5.2011 Financial Services Authority CP11/05 Protecting With-profits Policyholders Public.affairs@actuaries.org.uk
Response 05.05.2011 Financial Services Authority CP11/07 Quarterly Consultation No 28. Chapter 2: Definition of Holloway sickness policies Public.affairs@actuaries.org.uk
Response 28.04.2011 Workplace Retirement Income Commission Call for Evidence Public.affairs@actuaries.org.uk
Response 27.04.2011 Accounting Standards Board Financial Reporting Exposure Drafts: 43: Application of Financial Reporting Standards; and 44: Financial Reporting Standard for Medium-sized Entities Public.affairs@actuaries.org.uk
Response 18.04.2011 Department for Work and Pensions Regulatory Differences Between Occupational and Workplace Personal Pensions - A Call for Evidence Public.affairs@actuaries.org.uk
Response 14.04.2011 HM Treasury A New Approach to Financial Regulation: Building a Stronger System Public.affairs@actuaries.org.uk
Response 01.04.2011 HM Treasury Simple Financial Products Public.affairs@actuaries.org.uk
Response 21.03.2011 Pension Protection Fund Calculation of PPF Compensation and FAS Assistance in the Context of Equalisation for Schemes Contracted-Out on a GMP Basis Public.affairs@actuaries.org.uk
Response 17.03.2011 Pension Protection Fund Assumptions to be Used for Valuations Under Sections 143 and 179 of the Pensions Act 2004 Public.affairs@actuaries.org.uk
Response 04.03.2011 Financial Services Authority Response to FSA Quarterly Consultation (No 27) CP11/01 Public.affairs@actuaries.org.uk
Response 03.03.2011 HM Treasury Consultation on the Discount Rate Used to Set up Unfunded Public Service Pension Contributions Public.affairs@actuaries.org.uk
Response 21.02.2011 Financial Reporting Council Draft Plan and Budget and Levy Proposals 2011/12 Derek Cribb
Response 18.02.2011 HM Revenue & Customs Overview of Draft Legislation for Finance Bill 2011 Public.affairs@actuaries.org.uk
Response 18.02.2011 Ministry of Justice Claims Management Regulation: Proposal to amend the Conduct of Authorised Persons Rules 2007 to prohibit the offering of cash payments or similar as an inducement to make a claim Public.affairs@actuaries.org.uk
Response 02.02.2011 Commission on Funding of Care and Support Commission on Funding of Care and Support Public.affairs@actuaries.org.uk
Response
10.01.2011
Department for Work and Pensions The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2011 Public.affairs@actuaries.org.uk

Contact Details

If you have questions about IFoA consultation responses please contact

policy@actuaries.org.uk

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Events calendar

  • Spaces available

    In the webinar, Stuart Hitchcock, Head of Portfolio Management for Private Credit, within LGIM Real Assets, will provide some insight into the nature of the private credit markets. Discussion will evolve around development of the markets and lending landscape, key investment characteristics including structural and legal protections, public vs private investments, advantages and drawbacks for borrowers, and attractiveness for investors.

    The webinar will also focus on describing the investment process such as origination through execution, credit, structure, pricing, on-going asset management, portfolio construction within private markets.

  • Spaces available

    Due to the COVID-19, we will be running this programme via a series of webinars commencing 22 April.  

    CIGI is a well-established seminar designed to increase awareness and encourage discussion on a variety of topical issues across the general insurance industry. 

  • Spaces available

    InsurTech headlines are often big statements, which seem impossible to many working in the sector day-to-day. How can actuaries implement new systems, keep the value from legacy systems, deliver BAU and not require the resources of three teams?

  • Spaces available

    Pressure on organisations to address climate change risks is intensifying. But what does this really mean for insurers? In this session Adhiraj Maitra and Gareth Sutcliffe will look at the why, the what and the how of this risk through a number of different lenses including regulatory, principle and resilience.

  • Spaces available

    Scientists, data analysts and actuaries can struggle to influence decision-making where strongly held political beliefs or membership of an identity group is threatened by their findings. Examples include: climate change, the disposal of nuclear waste and gun control.

    To fulfil their roles, actuaries need to be heard when the objective interpretation of data contradicts commonly held beliefs, such as business planning assumptions, the expected development of claims, and the assessment of underwriting or reserving risk in a capital model.

  • Spaces available

    There have been a number of events across the financial markets where particular services have fallen below customer expectations.  These have included inability to receive or make payments or or the inability to check your own status or access services.  In an increasingly interconnected world the causes of this are often complex and hard to spot in advance, but can be a major impact to the reputations of firms.

  • CIGI Webinar - Are you Vulnerable ?

    Webinar
    27 April 2020

    Spaces available

    With ever increasing focus from the FCA on pricing practices and the relationship between insurers and their customers, it is critical to ensure appropriate controls are in place. This presentation summarises the latest developments in the market and showcases practical approaches to mitigate the risk of poor customer outcomes in pricing, with a particular focus on protecting vulnerable customers.’

    There is minimum technical content, as it summarises the latest UK regulatory changes and uses dashboards to highlight monitoring techniques.

  • Spaces available

    This webinar provides an update on renewal pricing outcomes for Property and Casualty markets at the latest 1/1 reinsurance renewals with the focus being on capacity availability and price drivers.  These issues include, but are not limited to, the cat bond market, wider trends in claims outcomes, trends in Casualty RI space that affect pricing such as social inflation, yield curve, and the reserving cycle.

  • Spaces available

    The Ogden Discount Rate shock of 2017 brought about a period of profound uncertainty to General Insurance market.  GI Actuaries' first task was to estimate the impact of the Ogden shocks, particularly to reserving and reinsurance pricing.  Their second was to navigate a period of framework uncertainty, maintaining an agility in actuarial modelling as the Civil Liability Bill took shape. 

  • Professional Skills Training - Edinburgh (29 April 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    29 April 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (29 April 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    29 April 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Spaces available

    Model validation should not be a tick box exercise. It has all the right ingredients to be a value adding exercise that can help senior management understand what really drives the business from a risk and capital perspective. Model validation can be a stressful, bloated process - and may not be as value adding as it could be.

     The speakers will present their perspectives of formulating an optimal process by means of example case studies. The timing of CIGI is well aligned to enable attendees to put processes in place to support the vision.

  • Spaces available

    The FCA’s interim report into general insurance pricing practices has brought into focus a number of market wide issues including:

    Price walking • Poor governance • Higher prices for potentially vulnerable customers • Higher prices for less aware customers

  • CANCELLED The Global Actuarial Profession

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    30 April 2020

    Spaces available

    We are sorry that this event has been cancelled.

    The IFoA's policy regarding COVID-19 is designed to safeguard the well-being of members and employees. As stated within the policy, the IFoA is reviewing its events programme on a case-by-case basis.

  • Spaces available

    The IFRS 17 Working Party have been producing a number of deep dive papers, these include topics such as risk adjustment, impact of disclosures on how uncertainty is perceived, deferring acquisition costs over renewals, PAA eligibility and more. 

  • SIAS Event: Cyber Insurance

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    4 May 2020

    Spaces available

    The talk will cover:
    • Why cyber security is regarded as the top threat to businesses (Allianz Risk Barometer 2019)
    • What is causing the shift in threat landscape
    • Who is attacking, why, and how we can stop them
    • Customer impressions of cyber security and how you can help them
    • Threats to evaluating insurable losses and responding to claims
    • How cyber insurance policies have evolved, and need to continue to do so
    • Can and should you recover ransoms under cyber insurance?
    • What is the future for cyber risk?

  • KSS event: Technology: A red-eyed Terminator or an actuary’s best friend?

     Hymans Robertson, Exchange Place 1, 1 Semple Street, Edinburgh, EH3 8BL
    4 May 2020

    Spaces available

    Despite long-running concerns that innovation could lead to widespread redundancy, technology has enabled greater productivity, created higher-value jobs and spurred us on to new heights. With artificial intelligence increasingly automating work undertaken by professionals, I look at the prospects for the actuarial profession in the era of unprecedented technological innovation.

  • Finance and Investment Conference 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    05-05 May 2020
    Spaces available

    Due to COVID-19, we are running this programme via a series of webinars commencing 5 May.

    The environmental, social and governance (ESG) space is growing rapidly and increasingly moving centre stage. In many cases, it is now an essential part of policy and central to the way stakeholders make decisions for the long term to ensure retention of clients, manage risk better, and ensure more economically efficient and sustainable investment returns.

    ESG factors cover a wide range of areas reflecting how vital consideration of these factors are part of wider systemic risks.

    The IFoA’s policy regarding Coronavirus is designed to safeguard the well being of those who attend IFoA events. Find out more. 

  • Professional Skills Training - Edinburgh (19 May 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    19 May 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (19 May 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    19 May 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • CILA 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    20 May 2020

    Spaces available

    CILA is aimed at practicing life actuaries from life offices, consulting firms and other employers of actuaries. It will also be of interest to all those who work in, or advise on, the life assurance market in the UK and Europe. The programme this year features a timely mix of hot topics including sessions on:

  • Protection, Health and Care Conference 2020

    The Grand Brighton, 97-99 Kings Rd, Brighton BN1 2FW
    02-03 June 2020
    Spaces available

    The Protection, Health and Care Conference is an annual conference aimed at all insurance professionals with a passion for harnessing insurance risk in their organisations.

  • Spaces available

    How we relate to others at work, whether they are colleagues, clients, prospective clients or other business contacts is key to individual career progression and business performance. People buy people , so considering what we are known for and how to be positively memorable are vital. This session looks at the importance of professional relationships, the psychology of personal image and impact and the three personal impact 'tools' which affect what people say about us when we're not in the room.

  • Mortality and Longevity 2020

    1 Birdcage Walk, Westminster, London SW1H 9JJ
    08-08 June 2020
    Spaces available

    This highly regarded seminar will provide topical and practical updates and discussion on the latest thinking and innovations in mortality and longevity.  The program is designed for life, pensions and health and care actuaries, academics, researchers, underwriters and related practitioners eager to learn about the latest developments in mortality and longevity.  The sessions are designed to be very accessible to a broad range of exp

  • Professional Skills Training - London (10 June 2020)

    Staple Inn, High Holborn, London WC1V 7QJ       
    10 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - Edinburgh (17 June 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    17 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (18 June 2020)

    Staple Inn, High Holborn, London WC1V 7QJ   
    18 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Pensions Conference 2020

    Renaissance Manchester City Centre Hotel, Blackfriars Street, Manchester,M3 2EQ
    18-19 June 2020
    Spaces available

    Join us as this year’s conference that will focus on topics including  funding and savings, pension law current issues, ESG, the end game and transferring risk, investment issues, data visualisation and data science.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    This event has been postponed. A new date will be announced.

    The IFoA's policy regarding COVID-19 is designed to safeguard the well-being of members and employees. As stated within the policy, the IFoA is reviewing its events programme on a case-by-case basis.

    To this end the IFoA and their strategic partner, the AIR, have taken the decision to postpone this year's Asia Conference. A new date will be announced pending further reviews over the following months.