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Quality Assurance Scheme Sub-Committee

The Quality Assurance Scheme Sub-Committee is responsible for the Institute and Faculty of Actuaries’ Quality Assurance Scheme accreditations.

The QAS Sub-Committee acts on behalf of the Regulation Board to determine applications for QAS accreditation and to monitor those accreditations once awarded.  The full responsibilities of the QAS Sub-Committee are set out in the Terms of Reference.

QAS Sub-Committee members include lay people and a balanced representation of volunteers’ member from different industries and countries where the QAS operates.  Please see more information in the QAS Sub-Committe Member Biographies.

The purpose of the QAS Sub-Committee is to:

  • Review and approve QAS applications
  • Review and note Annual Return applications
  • Review and approve Senior Quality Assurance Representative (SQAR) nominations

The QAS Sub-Committee meets quarterly and has a lay Chair.

Sub-Committee members include lay people and a balanced representation of member volunteers from different practice areas.

Members:

  • Victor Olowe, Lay Chair
  • Iain McGrory, Lay Member
  • Helen Brown, Lay Member
  • Alison Carr, Lay Member
  • Chan Tze Leong
  • Douglas Green
  • Ruth Thomas
  • Wendy Walford
  • Alison Carr

Executive:

  • Katie Wood, Quality Assurance Scheme Manager
  • Emma Gilpin, Head of Regulatory Policy
  • Ben Kemp, Director, General Counsel

The QAS Sub-Committee meets quarterly with a follow-up conference call to finalise any decisions.  The next scheduled quarterly meetings are:

  • 25 March 2021 
  • 16 June 2021
  • 23 September 2021
  • 06 December 2021

 

Related documents

Contact Details

Quality Assurance Scheme

qas@actuaries.org.uk

QAS Team, Institute and Faculty of Actuaries, Level 2 Exchange Crescent, 7 Conference Square, Edinburgh, EH3 8RA

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Events calendar

  • Finance in the Public Interest Series

    16 March 2021 - 23 March 2021

    Spaces available

    There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.

  • The price is righter

    16 March 2021

    Spaces available

    This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.

  • Spaces available

    This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)

     

  • Spaces available

    What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.

  • Spaces available

    Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work.