IFoA
Regulation of actuarial profession to be overhauled as part of BEIS reforms
The government has put forward proposals to introduce a strengthened, statutory basis for the regulation of the actuarial profession.
IFoA makes recommendations for improving pension trustee judgement and decision making
The Institute and Faculty of Actuaries’ (IFoA) Actuarial Research Centre (ARC) has published a report considering the judgement and decision making by pension trustees.
Pension scheme cyber risk - the key challenges and who is responsible
The Institute and Faculty of Actuaries' Patrick Kelliher and Vanessa Jaeger look at the key cyber risks faced by pension schemes, who is responsible for managing these risks, and how these risks may be managed.
EY expands UK actuarial team with launch of new interdisciplinary structure
EY has appointed Gareth Mee as UK actuarial leader to head up an expanded interdisciplinary team at the firm.
CMI launches consultation on zero-weighting 'exceptional' 2020 death data for core model
The Continuous Mortality Investigation (CMI) is asking for industry views to address the “exceptional” mortality data seen throughout the coronavirus pandemic as it updates its mortality projections model.
Why schemes must avoid overreacting to disrupted CMI Model
While the CMI Model of longevity improvements has proved reliable, Covid-19 threatens to cause it to show an unrealistic falls in life expectancy. Tim Gordon explains why the industry should not overreact
Deaths 77% higher than in 2019, says CMI
The number of deaths registered in the UK in the week ending Friday 10 April (week 15) was 77% higher than expected if using the same standardised mortality rates as 2019, says the Continuous Mortality Investigation (CMI).
Greater clarity needed on climate-related stress tests, says IFoA
The Institute and Faculty of Actuaries (IFoA) has welcomed climate-related stress tests, but revealed UK insurers need greater clarity around the framework.
IFoA launches investigation into DC
The Institute and Faculty of Actuaries (IFoA) has launched an investigation into the increasing transfer of risks to consumers, with a particular focus on defined contribution (DC) pensions.
Employers need to bridge the gap between members' retirement income levels
It is the role of employers, the pensions industry, and the government to close the gap between minimum and moderate levels of income in retirement, according to the Institute and Faculty of Actuaries (IFoA).
IFoA launches actuarial monitoring scheme
The Institute and Faculty of Actuaries (IFoA) has launched a monitoring scheme in a bid to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession.
The pension industry's hopes and concerns for CDC
As the DWP's consultation on collective DC closes, Stephanie Baxter finds most responses are broadly supportive but some are critical, pointing out there is a long way to go to get it right
AMP launches second year of female actuarial mentoring scheme
The Actuarial Mentoring Programme (AMP) has launched its second year of providing support and guidance to female professionals with an 80% increase in participating organisations.
A guide to running off mature schemes
John McAleer sets out four areas where a change in approach to managing mature pension funds could lead to better outcomes for members, trustees and sponsors.
IFoA appoints Annette Spencer and Sarah Sim as directors
The Institute and Faculty of Actuaries (IFoA) has appointed Annette Spencer as director of public affairs and research, and Sarah Sim as director of market development.
IFoA launches global initiative to advance ethical and climate goals
Actuaries are being called on to help speed up achievement of sustainable development goals (SDGs) by the Institute and Faculty of Actuaries (IFoA).
How to improve diversity in the actuarial profession
Gender imbalance among senior actuaries is still common but the industry is providing solutions and aims to tackle the wider lack of diversity, writes Kim Kaveh
Female mentoring scheme for actuarial profession to launch this year
A pioneering female mentoring programme is being rolled out in September to improve diversity at senior levels in the actuarial profession, supported by the Institute and Faculty of Actuaries (IFoA).
Five stories you may have missed this week
This week's top stories included coverage of a regulated apportionment arrangement agreed for Hoover's pension scheme.
Next government must tackle intergenerational pension issues
Changes to pension policy must be viewed "through the lens of intergenerational fairness" by a future government, the Institute and Faculty of Actuaries (IFoA) has argued.
Jules Constantinou named IFoA president-elect
Jules Constantinou has been elected as the president of the Institute and Faculty of Actuaries (IFoA) for the 2018/19 year.
Five years on, how can we improve auto-enrolment?
As the government's review into AE kicks off, how should the policy progress post-staging? James Phillips explores the industry view
Plans to slash MPAA condemned as 'further damaging trust' in pensions
Pension professionals have reacted with outrage to Treasury plans to cut the money purchase annual allowance (MPAA) from £10,000 to £4,000 from April.
How can we deal with the ultra-low interest rate environment?
Hilary Salt looks at the challenges of operating in a low interest rate environment.
