UK minister unveils plans to slash Solvency II ‘red tape’
The UK’s economic secretary to the Treasury has outlined plans to “slash bureaucracy” by relaxing Solvency II insurance regulation, potentially unlocking growth and billions of pounds of investment in infrastructure.
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Framework launched to help investors assess corporate climate targets
The Transition Pathway Initiative (TPI) has launched a new framework to help investors assess corporate climate targets in 10 key high-emitting sectors within energy, transport and industrials.
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Conrad Siegel & The Actuarial Foundation Launch Free Local Math Tutoring Initiative
Conrad Siegel announced today that it is partnering with The Actuarial Foundation in a joint initiative to bring the national Math Motivators Tutoring Program to Harrisburg-based schools.
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Cowbell Cyber Expands Actuarial and In-House Claims Functions with New Leadership Hires
Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced the placement of two new in-house roles as it aggressively moves into its next growth phase
Shams Patel named Chief Pricing Actuary at SiriusPoint
Global specialty insurer and reinsure SiriusPoint has announced the appointment of Shams Patel to the role of Chief Pricing Actuary.
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A new approach to Practising Certificates
Following an initial consultation on proposals for a simplified, more proportionate, and effective Practising Certificates Scheme in 2021, the IFoA has now published the detailed new scheme along with a summary of consultation responses.
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Actuarial Risk Management Names Terrence Cummings as Senior Consulting Actuary
Actuarial Risk Management, a actuarial consulting firm, has addedTerrence Cummingsas senior consulting actuary.
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Charlotte Quarmby joins Risk Settlement team at Aon
Aon has appointed Charlotte Quarmby as an associate partner in its UK Risk Settlement team.
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IFoA Foundation: Making a global difference
The IFoA Foundation is committed to ensuring that support is available to aspiring student actuaries who may require financial support during their studies, wherever they are based.
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Aon quiz reveals strong industry appetite for Collective DC
Aon has said that responses to the online quiz it launched in July this year have shown a strong appetite for Collective Defined Contribution (CDC) and for the next phases of legislation to enable its wider application.
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IFoA returns to party conferences
After a pandemic-induced hiatus, the IFoA’s Public Affairs team returned to the party conference circuit this year, attending both the Labour and Conservative conferences in Brighton and Manchester respectively.
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The Institute and Faculty of Actuaries (IFoA) is delighted to announce the launch of two Frank Redington Prizes to encourage and promote thought leadership in actuarial science.
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Partners Life has made its first in-house recruitment for Appointed Actuarial services.
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Exciting Educational Enhancements
On July 12, 2021, the Society of Actuaries (SOA) announced two exciting enhancements to its associateship pathway: the introduction of micro-credentials and affiliate memberships.
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Just Group complete buy in deal with Keysight Technologies
Just Group has completed a buy-in transaction for the trustees of the Keysight Technologies UK Limited Retirement Benefits Plan (the plan), covering approximately £250 million of pensioner liabilities and over 750 members of the plan.
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IFoA calls for Government to prioritise future generations & more…Keep up with what has been happening this week in our latest actuary news round-up…
IFoA calls for Government to prioritise future generations
The Institute and Faculty of Actuaries (IFoA) believes a long-term view is essential to meet the needs of UK society, without placing an unfair and unmanageable burden on younger, and future generations.
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Legal & General completes £400m deal with pension fund & more…Keep up with what has been happening this week in our latest actuary news round-up…
Mercer has said that the government must work with the wider industry and HM Revenue and Customs (HMRC) to clarify any uncertainties regarding Guaranteed Minimum Pension (GMP) equalisation.
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Over half of insurers focusing on digital transformation due to the pandemic & more…Keep up with what has been happening this week in our latest actuary news round-up…
Richard Kateley, the Head of Intermediary Development has said that he will retire from the insurer after the pandemic has given him a new perspective on life.
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Keep up with what has been happening this week in our latest actuary news round-up…
The London Fund secured £100m investment from the London Pensions Fund Authority (LPFA)
The London fund was set up to help improve the quality of life for London communities by focusing on developing affordable housing, community regeneration and clean energy.
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Northern Gas Network agrees to pensioner buy-in with Legal & General & more…Keep up with what has been happening this week in our latest actuary news round-up…
Investors with assets of over $9trn, plan to achieve net zero carbon emission
30 of the world’s largest investors managing assets worth over $9trn including Legal & General Investment Management and Fidelity International, have pledged to achieve net zero carbon emissions across their investment portfolios by 2050.
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Keep up with what has been happening this week in our latest actuary news round-up…
According to research from XPS Pensions, it has found that accounts from UK companies could be overstating pension liabilities by up to £60bn due to the Covid-19 pandemic.
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Keep up with what has been happening this week in our latest actuary news round-up…
Mercer launches analytics solution for global warming investors
Mercer has launched their analytics and advice solution called Analytics for Climate Transition (ACT) for investors looking to move into the 1.5 global warming scenario mention in the Paris Agreement.
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Covid-19 death risks could be link to air pollution & more…Keep up with what has been happening this week in our latest actuary news round-up…
Hiscox, a specialist insurer that offer their services globally has appointed Louise Marling as the Chief Operating Officer at their UK branch.
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Nearly half of pension fund trustees target buy out in long term goals & more…Keep up with what has been happening this week in our latest actuary news round-up…
M&A market data shows first positive performance recorded in 3 years
Willis Towers Watson’s new M&A data has revealed that the M&A market has recorded its first positive performance in three years on completed deals despite any impacts the Covid-19 pandemic may have had on the industry in 2020.
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Asset managers still failing to engage on climate change & more…Keep up with the latest actuarial news in our weekly round-up…
Smiths Group pension scheme completes £142m buy-in with Aviva
The TI Group Pension Scheme, whose sponsoring employer is the industrial technology company, Smiths Group, has completed a £142m buy-in with Aviva.
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Pandemic reveals lack of cyber security in businesses & more…Keep up with what has been happening this week in our latest actuary news round-up…
The Financial Conduct Authority (FCA) have reported that over £30 million has been lost to pension scams since 2017.
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