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The IFoA's Review Team has launched the Funeral trust thematic review. This will consider the advice given by actuaries to pre-paid funeral plan trusts, looking at their role in valuation and other areas including pricing.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. Today’s updates cover week 26 of 2021 (26 June to 2 July) and the second quarter of 2021, based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 13 July 2021.
The key points of this update are:
Vicky Gardner summarises the discussions at the recent Health & Care board meeting on 1 July.
It was our last meeting before the summer break and we took some time to look back over the past year and reflect on how we have operated as a Board over this unprecedented time and what we may want to do differently in the future.
Update from Nick Spencer, Sustainability Board Chair
Bromiley & Partners Wealth Management (Senior Partner Practice of St. James’s Place Wealth Management) has become the UK’s first wealth manager to receive accreditation to the Institute and Faculty of Actuaries Quality Assurance Scheme (QAS).
CMI COVID-19 survey: Gathering qualitative information on the impact of COVID-19 for Income Protection providers and views on its implications for the future.
The CMI Income Protection Committee has not yet collected data to enable us to analyse the impact of COVID-19 on income protection experience. Data to end-2020 is being collected in the coming months and “all offices” results are expected to be produced in 2022.
If you have an interest in Health & Care and are looking to find out more and share your views this community is for you!
NFU Mutual has become the first UK insurance company to receive IFoA Quality Assurance Scheme (QAS) accreditation for its actuarial function. This scheme recognises an employer’s commitment to providing quality assurance at an organisational level, promoting confidence in the work of their actuaries and the demonstrable high quality of their work, and to supporting their employees in carrying out that work.
The IFoA AI & Automation in Life and Healthcare Working Party has launched a survey to identify how actuaries are using AI/ML techniques in their areas of work.
The CAA Global Board, the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries (SOA) have issued a joint statement on 30 June 2021 announcing the closure of the Certified Actuarial Analyst (CAA) qualification to new candidates as the organisations evolve their future qualification offerings:
“Following a strategic review by CAA Global Ltd (CAA Ltd) and its two shareholders, the IFoA and the SOA, the decision has reluctantly been taken to close the CAA qualification to new candidates as of October 2021.