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Thematic review on equity release mortgages
2 December 2021
The IFoA Review Team has launched the Equity Release Mortgages thematic review, which will consider the work carried out by actuaries in this area – in particular their role in propositions and pricing activity. The market for equity release mortgages continues to grow, and actuaries have an important role to play in this broad and complex area.
Brian Hey Prize 2021: Winner announced
24 November 2021
The Brian Hey Prize has a great history in helping to highlight research that is practical and helpful for members of the IFoA General Insurance practice area.
CMI confirms plans for the CMI_2021 Mortality Projections Model
24 November 2021
The CMI has confirmed its plans for the next version of the CMI Mortality Projections Model, CMI_2021.
It expects to release CMI_2021 in March 2022. It considered whether to delay this because of the release of results of the 2021 England & Wales census over the course of 2022, but decided not to.
It intends to calibrate CMI_2021 to data for 1981-2021, with the Core version of CMI_2021 using 0% weights for 2020 and 2021 data and 100% weights for other years. This is consistent with the approach for CMI_2020.
Sustainability Board update - November 2021
22 November 2021
The November meeting of the sustainability board took place shortly after the end of the COP26 climate conference in Glasgow, an event which – especially for those based in the UK – underlined the extent to which matters of sustainability have become a central theme of political and economic discourse.
Four months of excess mortality, notes CMI
16 November 2021
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. Today’s updates cover week 44 of 2021 (30 October to 5 November), based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 16 November 2021.
The key points of this update are:
2021 member survey launches 16 November
12 November 2021
The 2021 member survey opens on 16 November. Every member of the IFoA will receive an email from membersurvey@actuaries.org.uk with a unique link to take you to the survey.
We want to hear if you have liked the recent changes to your membership and how we can help you to meet the professional challenges that the next few years hold for you.
Funeral Plan Member Interest Group Round-table
12 November 2021
IFoA Members involved in providing advice to funeral plan trusts will be aware that the UK’s Financial Conduct Authority (FCA) will assume responsibility for the regulation of funeral plan providers (including trust based pre-paid funeral plans that are not currently regulated by the FCA) from 29 July 2022 .
As part of the new FCA regulatory environment, there will be a need for the production of Solvency Assessment Reports (SARs).
What are actuaries already doing to help build a sustainable future?
4 November 2021
To help your understanding of how climate-related risk plays a role in the work of actuaries, the IFoA’s Actuarial Review Team has completed an information-gathering exercise.Life Board update - October 2021
2 November 2021
Karen Brolly, Life Practice Board Chair, provides an update.We always have lots to discuss at our Life Board meetings and since we are currently meeting virtually, we have opted to hold our meetings over two shorter sessions, rather than one long meeting. The Life Board’s most recent meetings, to start the new session were held on 14 and 19 October.
Help create the UK’s first baseline in financial and professional services for socio-economic diversity
1 November 2021
You have the chance to contribute to the UK’s first baseline for socio-economic diversity in financial and professional services.
We will be contacting all IFoA members based in the UK in November, with an invitation to take part in a short survey on behalf of a UK Government commissioned taskforce, led by the City of London Corporation.
Karen Brolly, Life Practice Board Chair, provides an update.Pages
