There are two categories of fees for the Quality Assurance Scheme: for applications received before and after 14 February 2018. This is because the criteria were updated to reflect the introduction of a new band for ‘very large’ organisations.
For organisations that are applying after 14 February 2018:
For organisations that applied before 14 February 2018:
The IFoA retains discretion to determine that an applicant should be within a particular band even though the criteria indicate a different band. This reflects that the bands also correspond to the number of days of assessment required and will apply in circumstances where it is decided that an applicant needs more or less assessment due to the nature and size of the organisation, accredited part and/or the actuarial team.
If you are unclear as to the band that your organisation would be then please raise this with your QAS contact or submit a query to QAS@actuaries.org.uk
Quality Assurance Scheme
QAS Team, Institute and Faculty of Actuaries, Level 2 Exchange Crescent, 7 Conference Square, Edinburgh, EH3 8RA
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We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.