On 28 January, research work commissioned by the profession and undertaken by Barrie & Hibbert and PwC on the employer covenant will be presented to members. The research was commissioned to look at alternative ways of valuing the employer covenant in pension scheme work.
The Institute and Faculty of Actuaries has recently published new guidance on conflicts of interest1 for all members and included new provisions on the subject in the Actuarial Profession Standards for life and pensions2.
Last year, Council identified the growing importance of longevity risk to many financial entities and the increased number of providers of demographic experience analysis. In May 2012, a working group was set up to make recommendations on how the Institute and Faculty of Actuaries should respond to the challenges and opportunities in this area.