Second Savings Goals for Retirement paper published
Last year the IFoA published Savings Goals for Retirement Paper 1: Risks to Staying on Track – a report that provides actuarial analysis to give savers an idea of how much they might need to save in order to have a certain lifestyle in retirement. Throughout 2020 we are continuing to explore various other rules of thumb that can help people gain a clearer picture of their current situation and understand the steps they can take to bring their savings habits more closely into line with their retirement expectations. We recently launched our second paper in this series examining the risks people face in the DC environment, which might affect their ability to stay on track with their savings. Download the papers at bit.ly/38VK2Qu
Regulation Board boosts transparency
The IFoA’s Regulation Board has recently introduced a number of measures to enhance the accessibility and transparency of the information available to the public about its decision making and activities. This includes improvements to the Board’s webpage to provide more information about the Board and its members, as well as the publication of meeting dates, agendas, minutes and papers. Find out more by visiting the Board’s webpage at bit.ly/32lE8ai
The results of the 2020 Council Elections were announced at the IFoA’s Annual General Meeting (AGM), which was held by live webinar on 15 June 2020. IFoA members can view the AGM on the Virtual Learning Environment at bit.ly/3eCiTEm
Seven members were elected to the vacant General constituency seats: Cherry Chan, Mahidhara Davangere, Mukami Njeru, Danny Quant, Kartina Tahir Thomson, Peter Tompkins and Maribel Vasquez Flores. Three members were elected to the vacant Scottish constituency seats: Dermot Grenham, Sarah Neil and Craig Ritchie.
Congratulations to all our new Council members, and many thanks to all who stood for election for their excellent candidacy.
Full details, including the report of voting from Civica Election Services (which administered the election of behalf of the IFoA), can be found at bit.ly/2YxjIZo.
A full list of Council members for the 2020/2021 sessional year can be found at bit.ly/2YAW12z