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2014

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) public.affairs@actuaries.org.uk
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

Contact Details

For further information on any of our public affairs or policy work please contact us on:

policy@actuaries.org.uk

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Events calendar

  • SIAS Event: CMI Update

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

    Spaces available

    We are sorry. This event has now been cancelled.

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • 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.

  • Current Issues in General Insurance (CIGI) 2020

    Hilton London Tower Bridge, 5 More London Riverside, Tooley St, London SE1 2BY
    22 April 2020

    Spaces available

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

    There will be an excellent and diverse line-up of speakers to provide a variety of perspectives and challenge covering technical and professional areas. 

  • 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.

  • 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.

  • 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

    Join us at this year’s Finance and Investment Conference in London that will focus on ESG. 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. 

    If you have further questions specifically about this event please contact the IFoA Events Team on eventmanagament@actuaires.org.uk

  • 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.