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The Actuary The magazine of the Institute & Faculty of Actuaries

Blog: The political year ahead

In his latest blog, Henry Thompson, the IFoA’s new head of public affairs, takes a look back at some of 2019’s highlights for policy and public affairs at the IFoA, and gives a glimpse of some of the projects to look forward to in 2020. 

© Alamy
© Alamy

Highlights include a busy start to 2020, with the Pension Schemes Bill being debated in parliament. This contains new measures to put savers on a better path towards a comfortable retirement. The IFoA also launched ‘The Great Risk Transfer’ campaign, which explores how financial risks have moved from institutions to consumers across areas of financial services, public policy and actuarial work. 

In the coming months, there will be a strong focus on engaging with the government to help shape the outcome of the Kingman Review and seek the best possible outcome for the regulation of actuaries in the long term. The IFoA will also continue to make the case to the government about the importance of finding a sustainable funding solution for social care, further demonstrating the value of actuaries’ work in the public interest.

The IFoA’s Public Affairs function has the important task of amplifying members’ collective voice, as well as demonstrating how the profession contributes to the important issues of our time. Take a look at what you can expect from the team during the coming year at bit.ly/2w6ywCH