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CMI Mortality Projections Model 2016 Launched
29 March 2017
The latest CMI Mortality Projections Model – ‘CMI_2016’ – was released on 28 March 2017 based on statistical analysis of England & Wales population data up to 31 December 2016. It's findings include:
Independent State Pension Age Review launched by John Cridland at the Institute and Faculty of Actuaries
23 March 2017
The Institute and Faculty of Actuaries (IFoA) has hosted today the publication event for the Independent Review of the State Pension Age (SPa), led by the Independent Reviewer John Cridland.
The IFoA has hosted the publication event for the Independent Review of the State Pension Age (SPa), led by the Independent Reviewer John Cridland. The launch was widely attend and marks the publication of a broad review into the SPa. Read more here
Make adequacy the focus of AE Pensions Review says IFOA
21 March 2017
The Institute and Faculty of Actuaries (IFoA) has today issued its response to the Department for Work and Pensions (DWP)’s wide-ranging review of automatic enrolment (AE). In it the IFoA makes a number of recommendations, including:
The IFoA celebrates its 600th CERA: The Globally-Recognised Risk Management Qualification, which is seeing record growth
13 March 2017
The Institute and Faculty of Actuaries (IFoA) is pleased to announce that Paul Griffin, an Associate Consultant at Aon Hewitt, has become its 600th member to earn the prestigious CERA (Chartered Enterprise Risk Actuary) credential.
IFoA Issues Professionalism Challenge to Financial Services Sector
3 March 2017
Last night the Institute and Faculty of Actuaries (IFoA) launched its Professionalism Lecture Series 2017, with a lecture on professionalism and whistleblowing delivered to a packed room of financial services professionals.
Change to discount rate will have major impact on insurers
27 February 2017
This morning’s announcement by the Lord Chancellor, changing the discount rate used in calculating lump sum personal injury awards in England and Wales to -0.75%, will have a major impact on insurers, reinsurers, claimants and policyholders, as well as the NHS. At its core, the consequences of this decision highlight the basic nature of insurance with the higher cost of compensating injured people being spread over policyholders (both individuals and businesses) through raised insurance prices.
IFoA calls for Auto-Enrolment style scheme for Income Protection
17 February 2017
- The IFoA has called for an auto-enrolment style system to increase take-up of income protection products.
Reducing the Money Purchase Annual Allowance (MPAA) could have unintended consequences
15 February 2017
The Institute and Faculty of Actuaries (IFoA) has today (Wednesday 15th February 2017) responded to HM Treasury (HMT)’s consultation on proposed changes to the Money Purchase Annual Allowance (MPAA).
Policy makers need to take account of intergenerational fairness
30 January 2017
The Institute and Faculty of Actuaries (IFoA) has today, 30 January, published the first in series of bulletins on intergenerational fairness.
IFoA publishes new international actuarial standard and guidance to support new FRC technical standards for actuaries
14 December 2016
The IFoA has published today a new principles based standard, Actuarial Profession Standard (APS) X1, together with supporting guidance, setting out principles to help its members determine what standards to apply to their work, wherever in the world they are working