These completed consultation and discussion papers will help you understand the rationale behind our standards and guidance materials.
|Topic||Consultation period||Supporting documents|
|24 January 2020 - 17 April 2020|
|Proposal for the introduction of a new Actuarial Profession Standard APS X5: Compensation for Professional Shortcomings||17 December 2019 - 17 February 2020|
|ED36: Social Security Programmes (APS X4)||17 April 2019 to 17 July 2019|
|Proposal for monitoring of the quality of actuarial work||29 June 2018 - 12:00, 28 September 2018|
|Qualification Framework proposal||November 2017 to February 2018|
|Proposed changes to the Actuaries’ Code||October 2017 to January 2018|
|Introduction of APS G1: The Chief Actuary in Non-Life Insurance||September 2015 to 4 November 2015|
|Amendments to APS L1: Duties and responsibilities of Life Actuaries||September 2015 to 4 November 2015|
|The Regulation of the Chief Risk Officer under the Solvency II regime||December 2014 to February 2015|
|The Regulation of the Chief Actuary under the Solvency II regime||December 2014 to February 2015|
|ED34: Duties and Responsibilities for Actuaries working for Trust-Based pre-Paid Funeral Plans (APS Z1)||November 2014 to February 2015|
|ED33: Applying Standards to Actuarial Work (APS X1)||May 2014 to August 2014|
|ED32: Actuarial Quality and Peer Review (APS X2)||November 2013 to February 2014|
|ED31: The Actuary as an Expert (APS X3)||October 2013 to December 2014|
|The Regulation of Actuarial Roles under the Solvency II regime||April 2013 to June 2014|
|Review of Life Practising Certificates||May 2014|
|ED30: Quality Assurance Scheme (QAS)||May 2013 to July 2013|
|Actuaries' Code||March 2013 to April 2013|
ED27: APS L1 and ED28: APS L2
|Conflicts of interest consultation paper||October 2011|
|Conflicts of interest discussion paper
ED24: APS P1 and ED25: APS P2
|April 2011||Feedback and responses document|
ED24: APS P1 and ED25: APS P2
Practising certificate regime
|October to December 2010|
|Conflicts of Interest||June to September 2010|
|CPD Scheme||March to May 2010|
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This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.
IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.
The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?
Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.
We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.