A little over two months has now passed since the Financial Reporting Councils revised framework of Technical Actuarial Standards (TASs) came into force. For many of our members carrying out work within the scope of the standards, the transition has passed without much ado. In general, the simplification of the framework and the consolidation of the old, generic TASs into a single, high-level generic TAS (the TAS 100) have been welcomed
Recently, and what seems to have been more frequently than in any other decade, we have taken ourselves to the ballot box at a national and local level, exercising our right to make our voices heard. Certainly in the last few years, we have seen the unexpected (or expected in some cases) occur based on the will of the people. In some of the more notable and historically altering elections, the outcome may have been decided by a disillusioned electorate tired of what they are presented with.
In political terms, we certainly are living in interesting and unpredictable times. As a profession we have spent the past five years building our public affairs reputation through helping policymakers understand uncertainty.
It is a pivotal and exciting time at the IFoA. We have formed a joint venture with the Society of Actuaries to promote the Certified Actuarial Analyst, a gateway generalist qualification, on a global scale.