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Institute and Faculty of Actuaries (IFoA) consultation responses 2014.

The IFoA's focus is on responding to those consultations where actuarial expertise can inform debate, especially when the proposals will also directly impact on actuaries’ working lives and/or there are strong public interest issues involved.

As part of its commitment both to transparency and promoting the actuarial viewpoint on key issues, the IFoA places its responses to public consultations in the public domain.

IFoA Consultation Response  Organisation  Consultation IFoA contact
FS14/1 Feedback Statement - IFoA consultation response - 22.12.2014 Financial Conduct Authority FS14/1: Feedback Statement on FSA CP12/13 Solvency II – COBS rule changes Philip Doggart
FSB Recover and Resolution Planning - IFoA consultation response 15.12.2014 Financial Stability Board FSB Recovery and Resolution Planning for Systemically Important Insurers Matthew Levine
FSB cross-border recognition - IFoA consultation response 01.12.2014 Financial Stability Board FSB cross-border recognition of resolution action Matthew Levine
EIOPA Consultation Paper - IFoA consulatation response 01.12.2014 European Insurance & Occupational Pensions Authority EIOPA Consultation Paper on Conflicts of Interest Philip Doggart
ISAP 3 - IFoA consultation response 30.11.2014 International Actuarial Association ISAP 3 Philip Doggart
AE earnings and thresholds review - IFoA consultation response - 25.11.2014 Department for Work and Pensions AE earnings thresholds review and revision 2015-16 Philip Doggart
Taxation of Pensions Bill - IFoA consultation response 20.11.2014 Scrutiny Unit Taxation of Pensions Bill Philip Doggart
Better workplace pensions - IFoA consultation response 19.11.2014 Department for Work and Pensions Better workplace pensions - putting savers' interests first Philip Doggart
Levy Rules for 2015 - 16 - IFoA consultation response - 14.11.2014 Pension Protection Fund  PPF consultation on the Levy Rules for 2015-16 Philip Doggart
CP16/14 Transposition of Solvency II - IFoA consultation response 07.11.2014 Prudential Regulation Authority  CP16/14 Transposition of Solvency II: Part 3 Matthew Levine
Pensions schemes bill 2014 - 15 - IFoA consultation response 31.10.2014 UK Government Scrutiny Unit Pensions Schemes Bill Philip Doggart
Written evidence - progress - IFoA consultation response 23.10.2014 Financial Conduct Authority Written evidence - progress with automatic enrolment and pension reforms Philip Doggart
Proposed rules for independent governance - IFoA consultation response 14.10.2014 Financial Conduct Authority CP14/16 Proposed rules for independent governance committees Philip Doggart
Accounting for dynamic risk - IFoA consultation response 17.10.2014 International Accounting Standards Board DP/2014/1: Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging Matthew Levine
GC14-3 Retail investment advice - IFoA consultation response 10.10.2014 Financial Conduct Authority GC14-3 Retail investment advice: Clarifying the boundaries and exploring the barriers to market development Philip Doggart
CP14-11 Retirement reforms - IFoA consultation response - 24.09.14 Financial Conduct Authority CP14-11 Retirement reforms and the Guidance Guarantee Philip Doggart
Solvency II: resolving the remaining policy issues - IFoA consultation response 19.09.14 HM Treasury Solvency II: resolving the remaining policy issues for UK transposition Matthew Levine
The Taxation of Pensions Bill - IFoA consultation response 08.09.14 HM Revenue and Customs Draft legislation - The Taxation of Pensions Bill Philip Doggart
IAIS Capital Standards - IFoA consultation response 05.09.14 International Actuarial Association ISAP [7] "current estimates" and other matters in relation to the IAIS Capital Standards Philip Doggart
European Standard of Actuarial practice - IFoA consultation response 05.09.14 Actuarial Association of Europe Working Draft of European Standard of Actuarial practice 2 (ESAP2) - Actuarial Function Report Philip Doggart
Part 1 of the Care Act - IFoA consultation response 15.08.2014 Department of Health Draft regulations and guidance for implementation of Part 1 of the Care Act in 2015/16 Steven Graham
Basic Capital Requirements - IFoA consultation response 05.08.2014 International Association of Insurance Supervisors Basic Capital Requirements for Global Systemically Important Insurers Steven Graham
Statement of Recommended Practice - IFoA consultation response 16.07.210 Pensions Research Acountants Group Statement of Recommended Practice for Financial Reporting of Pensions Schemes Philip Doggart
PPF Levy Triennium 2015/16 to 2017/18 - IFoA consultation response 09.07.2014 Pension Protection Fund PPF Levy Triennium 2015/16 to 2017/18 Philip Doggart
The Occupational Pension Schemes Regulations 2014 - IFoA consultation response 05.07.14 Department for Work and Pensions The Occupational Pension Schemes Regulations 2014 Philip Doggart
Proposed Revisions to the UK Corporate Governance Code - 27.06.2014 Financial Reporting Council Proposed Revisions to the UK Corporate Governance Code Steven Graham
Statement on Intent - IFoA Response 13.06.2014 International Actuarial Association Draft Statements on Intent for ISAPs 5 and 6 Steven Graham
IFoA response to HMT - Freedom and choice in pensions 12.06.2014 HM Treasury Freedom and choice in pensions Philip Doggart
Better Workplace Pensions - IFoA consultation response 14.05.2014 Department for Work and Pensions Better Workplace Pensions: Further Measures for Savers Philip Doggart
MS14/1: General Insurance Add-on Products - IFoA consultation response 08.04.2014 Financial Conduct Authority MS14/1: General Insurance Add-on Products Philip Doggart
CP3/14 Solvency II - IFoA consultation response 21.03.2014 Prudential Regulation Authority CP3/14 Solvency II - Recognition of Deferred Tax (CP3/14)
Retirement Income Market Study - IFoA consultation response 07.03.2014 Financial Conduct Authority Retirement Income Market Study: Terms of Reference Paul Shelley
Exposure Draft of ISAP 3 - IFoA consultation response 14.03.2014 International Actuarial Association Exposure Draft of ISAP 3 Actuarial Practice under IAS 19 Employee Benefits Philip Doggart
Banking Standards Review - IFoA consultation response 10.03.2014 Banking Standards Review Banking Standards Review Philip Doggart
ESAP 1 - IFoA consultation response 28.02.2014 Actuarial Association of Europe ESAP 1 - General Actuarial Practice Helena Dumycz
ISAP in Relation to IFRS X Insurance Contracts - IFoA consultation response 28.02.2014 International Actuarial Association ISAP in Relation to IFRS X Insurance Contracts (ISAP [4]) Helena Dumycz
Draft Plan and Budget and Levy Proposal - IFoA consultation response 28.02.2014 Financial Reporting Council Draft Plan and Budget and Levy Proposal 2014/15 Helena Dumycz
Defined Benefit Consultation - IFoA consultation response 10.02.2014 The Pensions Regulator Defined Benefit Consultation: Setting a Balanced Approach Philip Doggart
Increasing the Intensity and Effectiveness of Supervision - IFoA consultation response 31.01.2014 Financial Stability Board Increasing the Intensity and Effectiveness of Supervision Paul Shelley
Risk Management, Internal Control and Going Concern Basis of Accounting - IFoA consultation response 28.01.2014 Financial Reporting Council Consultation Paper: Risk Management, Internal Control and the Going Concern Basis of Accounting Paul Shelley
Fiduciary Duties of Investment Intermediaries - IFoA consultation response 23.01.2014 Law Commission Fiduciary Duties of Investment Intermediaries

Philip Doggart

A Review of the Conceptual Framework for Financial Reporting - IFoA consultation response 14.01.2014 International Accounting Standards Board Discussion Paper: A Review of the Conceptual Framework for Financial Reporting   Helena Dumycz
A New Retirement - IFoA consultation response 13.01.2014 Association of British Insurers Call for Evidence - A New Retirement  Helena Dumycz

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Events calendar

  • IFoA & PRI Webinar: TCFD – leaders and challenges

    Online webinar
    2 September 2019

    Spaces available

    In collaboration with the Institute and Faculty of Actuaries, the Principles of Responsible Investment is delighted to host this webinar discussing the response to the TCFD’s recommendations two years on from their publication. The webinar will feature new analysis of the 591 investors representing $45 trillion who responded to PRI’s 2019 climate indicators, insights from the past Chair of the IFoA’s Resource and Environment Board as well as an investor case study of implementation in practice from Aviva. 

  • SIAS Event: Climate Zero to Climate Hero

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 September 2019

    Spaces available

    An introductory session to help you get ahead with climate change.

    • Science, terminology and initiatives: handy facts to keep in your back pocket 
    • Getting your point across: how to influence people and avoid common traps and pitfalls
    • Taking action: what are actuaries expected to do...and what are we actually doing?
  • KSS event – The Regulatory Perspective

    Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    5 September 2019

    Spaces available

    This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:

    • FCA business plan priorities
    • The future of regulation
    • FCA Engagement in Scotland
  • Professional Skills Training session (Jointly held with China Life)

    China Life Insurance, Beijing •  China Life Shanghai Office • China Life Shenzhen Office  
    6 September 2019

    Spaces available

    Friday, 6 September, Beijing Local Time (CST) 14.00-16.30; British Summer Time (BST) 07.00-9.30

    The IFoA Beijing Office and China Life are pleased to be co-hosting a Professional Skills Training (PST) session in Beijing, Shanghai and Shenzhen on Friday, 6 September. Wen Li (FIA), the IFoA Lead Representative in China and East Asia, will lead the PST presentation and discussion on ‘Getting it right!’.

    The main venue will be in Beijing. Members in Shanghai and Shenzhen can join the interaction with Beijing via video conference at China Life’s regional venues. (see full details below)

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. 


  • Chief Actuaries and Senior Life Actuaries Workshop 2019

    Staple Inn Hall High Holborn London WC1V 7QJ
    2 October 2019

    Spaces available

    This workshop, now in its sixth year, is aimed at senior actuaries working in life insurance - predominantly Chief Actuaries, but also Reviewing Actuaries and others working in risk and financial reporting. It will provide seven hours of relevant CPD.

  • The Future of the Actuarial Profession

    Staple Inn Hall, High Holborn London WC1V 7QJ
    3 October 2019

    Fully booked.


    Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.

  • Spaces available

    Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better? 

    It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.

  • RSS/IFoA Data Science Ethics: the role of practitioners

    Royal Statistical Society, 12 Errol St, London EC1Y 8LX
    7 October 2019

    Spaces available

    The Institute and Faculty of Actuaries and the Royal Statistical Society have worked together to develop joint ethics guidance on data science. This is the culmination of an 18 month programme of practitioner led work. 
    Join us for the launch of this new guidance, with a high-level panel discussion which will explore the role of data science practitioners and professional bodies in data ethics. 

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October.  The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters. 

  • ARC Event: Beyond Proportional Hazards

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    30 October 2019

    Spaces available

    ARC Event: Beyond Proportional Hazards: Statistical methods for assessment of the impact of medical advances and health interventions on longevity and population projections.

    This workshop is being delivered by the Actuarial Research Centre’s (ARC) ‘Big Health and Actuarial Data’ Research Programme.

  • Hot Topics in Health and Care: Networking and Drinks

    Staple Inn, 4 High Holborn, London WC1V 6DR
    4 November 2019

    Spaces available

    This evening will feature two new cases studies that highlight the implications for insurers of issues impacting on health and mortality for life, pensions, and health and care products; Impactability modelling: a worked example in Type II diabetes presented by Josephine Robertson, and Seasonal Mortality in England and Wales 1993-2016 presented by Mary Hall, Dublin City University.

  • Autumn Pension Seminar

    Grand Connaught Rooms, 61-65 Great Queen St, Holborn, London WC2B 5DA
    13 November 2019

    Spaces available

    Join us for this brand new seminar that brings together our Current Issues in Pensions, Pensions and the Law, and Investment for Pension Actuaries events. The seminar builds on the IFoA’s Annual Pension Conference with sessions covering CDC, TPR’s code of practice, investments, legal updates and Professional Skills Training with a focus on interactive discussion throughout.

    • KSS event: How is Scotland’s population changing and what are the implications?

      Barnett Waddingham, 163 West George Street, Glasgow, G2 2JJ
      14 November 2019

      Spaces available

      The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

      • population statistics
      • life expectancy
      • changes in age structure
      • birth and death rates, including causes of death statistics.
    • Life Conference 2019

      The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
      20-22 November 2019
      Spaces available

      The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

    • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

      Lincoln's Inn The Treasury Office, London WC2A 3TL
      2 December 2019

      Fully booked.

      The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker.  Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.

    • Autumn Lecture 2019: Live Streaming

      2 December 2019

      Spaces available

      Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP. 

    • Behavioural Finance Research Launch- 14 January 2020

      Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR
      14 January 2020

      Spaces available

      We are delighted to announce the launch of the findings from our ARC funded Behavioural Finance research with a special evening event at Staple Inn on Tuesday14th January 2020. Entitled Behavioural Aspects of Institutional Investment Decision-Making, this research programme is being delivered by City, University of London, Leeds University Business School and Ipsos.