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2020

Institute and Faculty of Actuaries (IFoA) consultation responses.

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 Date Organisation Consultation IFoA contact
IFoA response to  the UK National Data Strategy (NDS) consultation 02.12.20 Department for Digital, Culture, Media & Sport

UK National Data Strategy (NDS) consultation

Henry Thompson
IFoA response to access to Cash: Call for Evidence 25.11.20 HM Treasury 

Access to Cash: Call for Evidence

Matthew Levine 
IFoA response to HM Treasury review of Pool Reinsurance Ltd 2020-2021: Call for Evidence 24.11.20 HM Treasury 

HM Treasury review of Pool Reinsurance Ltd 2020-2021: Call for Evidence

Steven Graham
IFoA response to improving outcomes for members of defined contribution pension schemes 30.10.20 Department for Work and Pensions

Improving outcomes for members of defined contribution pension schemes

Matthew Levine 
IFoA response to solvency II: The PRA’s expectations for the work of external auditors on the matching adjustment 30.10.20 Prudential Regulation Authority 

Solvency II: The PRA’s expectations for the work of external auditors on the matching adjustment

Steven Graham
IFoA response to Payments Landscape Review: Call for Evidence 20.10.20 HM Treasury 

Payments Landscape Review: Call for Evidence

Matthew Levine 
IFoA response to Have your say on the Pension Schemes [Lords] Bill 19.10.20 UK Parliament  Have your say on the Pension Schemes [Lords] Bill Katy Little
IFoA response to Taking action on climate risk: improving governance and reporting by occupational pension schemes 07.10.20 Department for Work and Pensions Taking action on climate risk: improving governance and reporting by occupational pension schemes Faye Alessandrello
IFoA response to CP20/03: Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations 01.10.20 Financial Conduct Authority

CP20/3: Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations

Faye Alessandrello
IFoA response to a call for input: Open finance 01.10.20 Financial Conduct Authority

Call for Input: Open finance

Steven Graham
IFoA response to GC20/3: Guidance for firms on the fair treatment of vulnerable customers 30.09.20 Financial Conduct Authority

GC20/3: Guidance for firms on the fair treatment of vulnerable customers

Steven Graham
IFoA response to the 2020 Comprehensive Spending Review 24.09.20 HM Treasury  2020 Comprehensive Spending Review Katy Little
IFoA response to defined benefit funding code of practice consultation 23.09.20 The Pensions Regulator

Defined benefit funding code of practice consultation

Catherine Burtle 
IFoA response to a call for Input on working papers on data standards 31.08.20

Pensions Dashboards Porgramme 

Call for Input on working papers on data standards

Catherine Burtle 
IFoA response to  a consultation on the Reform to Retail Prices Index Methodology 20.08.20 UK Statistics Authority 

Consultation on the Reform to Retail Prices Index Methodology

Catherine Burtle 

IFoA response to a consultation on expanding the dormant assets scheme

16.07.20 Department for Digital, Culture, Media and Sport

Consultation on expanding the dormant assets scheme

Matthew Levine 
IFoA's response to the Treasury Committee's inquiry into the economic impact of coronavirus - Part 2  03.07.20 Treasury Committee Treasury Committee's inquiry into the economic impact of coronavirus Steven Graham
IFoA Response to aligning your pension scheme with the TCFD recommendations 02.07.20 Department for Work and Pensions 

Aligning your pension scheme with the TCFD recommendations

Faye Alessandrello
IFoA response to the Discussion Paper on Central Bank Digital Currency 12.06.20 Bank of England  Discussion Paper on Central Bank Digital Currency Matthew Levine 
IFoA response to the AI Of The Possible: Developing Scotland’s Artificial Intelligence (AI) Strategy 05.06.20 Scottish Government  The AI Of The Possible: Developing Scotland’s Artificial Intelligence (AI) Strategy Steven Graham
IFoA response to a call for views: Advisory group on economic recovery 01.06.20 Scottish Government 

Call for Views: Advisory Group on Economic Recovery

Henry Thompson
IFoA response to the Treasury Committee's inquiry into the economic impact of coronavirus 27.05.20 Treasury Committee Treasury Committee's inquiry into the economic impact of coronavirus Matthew Levine 
IFoA response to the Environment, Food and Rural Affairs Committee inquiry on flooding  22.05.20 Environment, Food and Rural Affairs Committee Environment, Food and Rural Affairs Committee inquiry on flooding  Steven Graham
IFoA response to Consultation on changes to Technical Actuarial Standard TAS 400: Funeral Plan Trusts 11.05.20 Financial Reporting Council

Consultation on changes to Technical Actuarial Standard TAS 400: Funeral Plan Trusts

Matthew Levine 
IFoA response to the 'My BEIS Inquiry' 22.04.20 Business, Energy and Industrial Strategy Committee My BEIS Inquiry Katy Little
IFoA response to the Environmental Audit Committee 09.04.20 Environmental Audit Committee Possible Future Inquiries  Faye Alessandrello
IFoA response to the 2021 biennial exploratory scenario on the financial risks from climate change 18.03.20 Bank of England

The 2021 biennial exploratory scenario on the financial risks from climate change

Faye Alessandrello
IFoA response to consultation on draft Issues Paper on the Implementation of the TCFD Recommendations 05.02.20 International Association of Insurance Supervisors 

Consultation on draft Issues Paper on the Implementation of the TCFD Recommendations

Faye Alessandrello
IFoA response to Law Commission Consultation on Automated Vehicles: Passenger services and public transport 03.02.20 Law Commission Law Commission Consultation on Automated Vehicles: Passenger services and public transport Matthew Levine 
IFoA response to Consultation paper on the Opinion on the 2020 Review of Solvency II 15.01.20 European Insurance and Occupational Pensions Authority Consultation paper on the Opinion on the 2020 Review of Solvency II Steven Graham

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

  • Spaces available

    Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators

  • Spaces available

    Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.

  • Actuarial Innovation in the COVID-19 era

    This event is online. 
    26 April 2021 - 7 May 2021
    Spaces available

    Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.

  • Spaces available

    This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place. 

    Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.

  • Europe Town Hall

    28 April 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.

  • Spaces available

    Sessional Meeting - Free to viewMis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work

  • Finance & Investment Virtual Conference 2021

    Available to watch globally in May.
    10-12 May 2021
    Spaces available

    This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern

  • Spaces available

    This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.

  • Spaces available

    Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.

     

  • CILA 2021

    Available to watch globally in May.
    19-21 May 2021
    Spaces available

    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; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.

  • Pensions Conference 2021

    Online webinar series
    16-22 June 2021
    Spaces available

    Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.