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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 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.
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.
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.
- The IFoA has called for an auto-enrolment style system to increase take-up of income protection products.
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).
The Institute and Faculty of Actuaries (IFoA) has today, 30 January, published the first in series of bulletins on intergenerational fairness.
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
The Ministry of Justice has announced a review into the discount rate for personal injury damages awards. Derek Cribb, Chief Executive of the IFoA, comments:
Britain’s new relationship with the EU needs to be an ambitious opportunity to strengthen the United Kingdom and secure our place in the world, said Vicky Ford MEP and Chairman of the European Parliament’s Single Market Committee.