In conjunction with many of its volunteer members, the Actuarial Profession continues to respond to a number of external consultations through its Public Affairs team and Communities Managers.
In February, the Profession responded to a consultation issued by the Association Of British Insurers (ABI) on a code of conduct that it plans to introduce to its member insurers. This would support better outcomes for consumers who are retiring.
The Profession welcomed the proposed introduction of the code and encouraged members working on both contract-based and trust-based pension schemes to be aware of the draft. The Profession's response can be found under the research and resources section of the Actuarial Profession’s website and the proposed draft code can be found on the ABI’s website.