In 2016, the Government set up an Independent Advisory Group to consider how to make it easier for individuals to invest in line with ‘the things they care about’. The UK Government has stated: “Given the increasing size of the pensions market, if trustees choose to make even modest allocations to investments that generate both a social and financial return, the effect could be transformative”. The IAG published its report entitled ‘Growing a culture of social impact investing in the UK’ in November 2017 and the Government responded in June 2018.
The IFoA identified social impact investment as a potential topic on which they could fulfil their Royal Charter objectives by making an evidence-based contribution to the debate, in the public interest. This view is based on the relevance of actuaries’ skills and practice areas to the IAG’s recommendations as endorsed by the Government. This work is relevant to both the IFoA's 'Resource and Environment' and 'Investing for Sustainable Growth' Key Policy Priorities.
- Input provided to the IFoA syllabi and core reading on Impact Investment for consideration
- Webinar to introduce social impact investing and explore the role of actuaries in this growing field on 19 March 2020
|Chair||Rathi Ravi and Matt Backus|
- 9 November 2017
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Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.
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