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Risk Management board update - September
11 October 2021
Chris Sutton provides an update from the latest board meeting
The Risk Management board is responsible for developing and delivering the value of IFoA membership, for actuaries who work in risk management practice or who want to know about this field.
The first meeting of the 2021-22 session took place on 28 September with Peter Telford our new chair welcoming a number of new members. The board strategy endorsed at this meeting places much emphasis on member engagement and communication, and this formed a thread that ran through much of our discussion.
Finance and Investment Board update – September 2021
11 October 2021
Lizzie Waghorn provides an update.On Thursday 16 September, the Finance and Investment Board came together virtually to kick off the first session of 2021/2022.
Changes in employment trends and their impact on product
11 October 2021
This IFoA working party was set up to examine the current provision for pensions and life products against a background of emerging employment trends, including topics like product portability, simplicity and contract flexibility.
The question we attempted to answer was - what should the profession or industry do with product design in light of changing employment trends? Our main focus was the UK.
Disciplinary Board publish annual report 2020/2021
6 October 2021
The IFoA’s Disciplinary Board has published its 2020/2021 annual report, covering activities in a year that saw board meetings and disciplinary hearings move to remote operation.
The report details how the Board managed the challenges that the global coronavirus pandemic posed to their continuing work.
The report also describes governance changes approved by Council which lead to the creation of a new and more independent Regulatory Board to which a streamlined Disciplinary Committee now reports.
Supporting your practice: Revised Actuarial Profession Standard - P1
30 September 2021
To better support your practice, today sees the publication of a revised Actuarial Profession Standard (APS) P1 (Version 3.0) which will come into force in April 2022.
APS P1 sets out specific practice area ethical obligations that apply, in addition to the Actuaries’ Code, for Members working in pensions.
The revised standard replaces Version 2.0, which will be withdrawn when Version 3.0 takes effect.
Health & Care Board update – September 2021
29 September 2021
Chris Reynolds, IFoA Health & Care Board Chair provides an update.Sustainability Board update - September 2021
29 September 2021
Marcus Hurd provides an update on the latest Sustainability Board activities.Impactability Modelling Framework with Diabetes Example - September
29 September 2021
Population Health Management (PHM) uses data analytics to tailor the development of interventions for local population segments. It aims to improve health outcomes across the whole population and reduce health inequalities between segments. The IFoA Population Health Management Working Party (the ‘WP’) was formed in 2018 to explore how the actuarial skillset may enhance the NHS's use of data and analytics in PHM.
Call for model outputs for Equity Release Mortgages Working Party survey – Application deadline extended
27 September 2021
The Equity Release Mortgages Working Party is inviting participants to submit model outputs for the purpose of analysing the long-term property risk associated with equity release mortgage assets. The ERM WP would welcome responses from both industry and academia in the UK and also international modelling perspectives.
New domains, new opportunities
13 September 2021
We’re continuing to listen. A growing number of you are telling us about your work – or your interest in working – in banking, and we’re responding.
Lizzie Waghorn provides an update.
We’re continuing to listen. A growing number of you are telling us about your work – or your interest in working – in banking, and we’re responding.Pages
