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Volunteers – we want to hear from you!
21 February 2019
Take part in our Volunteer Satisfaction Survey and help improve the volunteer experience at the IFoA.
All members of the IFoA benefit from the time given by their peers, both past and present, who volunteer to help the IFoA achieve our strategic objectives.
Listening to our volunteers and learning about your experiences is important to us, helping us to better understand how you feel about your engagement and helping us enhance the support we provide – creating a more rewarding volunteer experience.
Help us improve the volunteer experience
Pension Board responds to three consultations
19 February 2019
Three working parties, under the remit of the IFoA's Pensions Board have responded to three consultations.
Spotlight on the Managing Uncertainty with Professionalism Working Party
19 February 2019
The Managing Uncertainty with Professionalism Working Party seeks to develop general and simple principles to support actuaries in managing and communicating uncertainty in all fields.
The working party arose from a specific concern that, by quoting '1 in 200' numbers for capital requirements under Solvency II, actuaries were, perhaps unwittingly, being party to giving false confidence about the financial strength of insurers. This issue naturally led on to broader reflections on uncertainty, looking beyond the actuarial profession and even beyond the insurance industry.
IFoA confirms Tan Suee Chieh as next President-elect
15 February 2019
The Institute and Faculty of Actuaries is delighted to announce that Tan Suee Chieh has been confirmed as the next President-elect.
Call for Papers: Health and Care ‘Hot Topics’ Short Research Papers 2019
13 February 2019
Closing Date: 12 March 2019
The Health and Care Research Sub-committee is looking for volunteers interested in writing and presenting short research papers (approx. 5-10 pages) for thier annual Hot Topics event (4 November 2019), in London. These short research papers are intended to provoke discussion and lead to possible further research and debate.
The committee is open to all current hot topics (which should have a technical actuarial focus), however, there is a particular interest in the following areas:
Present at CILA or Chief Actuaries Workshop in 2019: call for speakers open
13 February 2019
Submission closing date – 12 March 2019
The Life Insurance Lifelong Learning (Life LLL) Sub-committee are busy preparing their Continuing Professional Development (CPD) programme for 2019, and has issued a call for speakers to support the events listed below. Speakers are welcomed from regulatory bodies, consulting firms and industry (both large and small companies). We are particularly interested in finding experienced, confident speakers who are willing to make their sessions interactive and also practical.
Event dates:
Bulk Annuities and Longevity Swaps MIG - get involved
8 February 2019
The Bulk Annuities and Longevity Swaps Member Interest Group (MIG) is seeking to appoint a volunteer Chair and volunteer members of the Managing Committee.
Update from Catherine Jones, Chair of the Pensions Research Subcommittee
7 February 2019
The Pensions Research Subcommittee is an extremely productive group of people. Despite all being volunteers, mostly with demanding day jobs, there are currently 10 active working parties researching an array of topics including the future pensions landscape, the impact of the changes in working patterns, savings in retirement and the taxation of retirement savings.
Several of the working parties have submitted reports, which include responses to consultations on Collective Defined Contribution Schemes (CDC), CDC consultation and the Pensions Dashboard.
New research paper on Consumer Risk Metrics
5 February 2019
The cross practice Consumer Risk Metrics Working Party (Life and Risk Management) has recently published their final report, and now invite you to review the report on their website.
The aim of the working party was to examine the way in which consumers understood risks, and as part of this process, a survey of consumers was undertaken via YouGov. The research report includes the full survey questions and data.
The rise of Quick Response (QR) codes for payments.
4 February 2019
This paper is an addendum to the interim report, “Cashless Society- Benefits Risks and Issues”, published by the Cashless Society Working Party, in December 2017. In the process of researching into the various aspects of a cashless society, Quick Response codes (QR codes) featured as a popular and widely adopted technology as part of the digital economy and payment system.
This paper seeks to understand the phenomenal rise of QR codes use by:
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Other actuary news
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Solvency II regulations hindering sustainable investments, ABI warns
Added: Tue, 19/03/2019 - 12:30Billions of pounds could be unlocked for sustainable investments in Europe if Solvency II regulation is changed, the Association of British Insurers (ABI) has declared. -
UK government gives green light to CDC pension schemes
Added: Mon, 18/03/2019 - 14:30Millions of workers could soon enjoy improved retirement savings after the UK government today backed plans for the country's first Collective Defined Contribution (CDC) pension scheme. -
Most customers would swap personal data for cheaper financial services
Added: Fri, 15/03/2019 - 16:44Nearly six in 10 consumers would share significant personal information with their bank and insurer in return for cheaper services and products, a worldwide survey has found. -
UK firms warned of no-deal Brexit liability risks
Added: Wed, 13/03/2019 - 14:40Every listed company in the UK faces major liability risks for failing to properly prepare for Brexit, especially if there is a 'no deal' outcome, experts have warned. -
Solvency II rules amended to slash EU insurers' capital requirements
Added: Wed, 13/03/2019 - 12:30The European Commission has slashed capital requirements for insurers investing in equity and private debt after amending key Solvency II rules. -
Financial services firms failing to capture customer feedback
Added: Tue, 12/03/2019 - 14:40The UK's financial services sector is failing to capture feedback from around 17 million customers, potentially breaching a regulatory requirement to show fair treatment of clients. -
Falling life expectancy to slash pension scheme liabilities
Added: Mon, 11/03/2019 - 14:10UK pension schemes could enjoy a significant fall in liabilities after the Institute and Faculty of Actuaries (IFoA) last week slashed its life expectancy projections by almost half a year. -
UK climbs up global rankings for female economic empowerment
Added: Fri, 08/03/2019 - 11:21The UK is the 13th best country in the OECD for female economic empowerment after climbing one position in an annual ranking by PricewaterhouseCoopers (PwC). -
TPR publishes guidance for scheme valuations
Added: Tue, 05/03/2019 - 13:01The Pensions Regulator (TPR) has today published guidance outlining how it expects employers and trustees to approach upcoming scheme valuations. -
Majority of private investors see Brexit 'opportunity'
Added: Mon, 04/03/2019 - 14:18More than half of private investors in the UK view Brexit as an opportunity, with the overwhelming majority confident about the outlook for their investments.