Consultations 2023

The IFoA’s focus is on responding to those consultations where actuarial expertise can inform debate, especially when the proposals will also directly impact on actuaries’ working lives or there are strong public interest issues involved.

As part of its commitment both to transparency and promoting the actuarial viewpoint on key issues, we place our responses to public consultations in the public domain.

IFoA consultation response Date Organisation Consultation IFoA contact
IFoA response to FCA CP23/20: Diversity and inclusion in the financial sector – working together to drive change (PDF, 256 KB) 18 December 2023 Financial Conduct Authority CP23/20: Diversity and inclusion in the financial sector – working together to drive change Steven Graham
IFoA response to PRA CP18/23 Diversity and inclusion in PRA regulated firms (PDF, 227 KB) 18 December 2023 Prudential Regulation Authority

CP18/23 – Diversity and inclusion in PRA-regulated firms

Steven Graham
IFoA response to the Education Committee inquiry on financial education (PDF, 410 KB) 15 December 2023 House of Commons Education Select Committee Inquiry into strengthening financial education Matthew Levine
IFoA response to DESNZ call for evidence on
scope 3 emissions in the UK reporting landscape (PDF, 60 KB)
14 December 2023 Department for Energy Security and Net Zero UK greenhouse gas emissions reporting: Scope 3 emissions Caroline Winchester
IFoA response to Science, Innovation and Technology Committee’s Call for Evidence on Cyber resilience of the UK’s critical national infrastructure (PDF, 215 KB) 10 November 2023 House of Commons Science, Innovation and Technology Select Committee Cyber resilience of the UK's critical national infrastructure - Committees - UK Parliament Matthew Levine
IFoA response to PRA CP12/23 - Review of Solvency II: Adapting to the UK insurance market (PDF, 147 KB)  06 September 2023 Prudential Regulation Authority CP12/23 - Review of Solvency II: Adapting to the UK insurance market Steven Graham
IFoA response to ‘Options for defined benefit schemes’ 05 September 2023 Department for Work and Pensions Options for Defined Benefit schemes Caolan Ward
IFoA response to ‘Helping savers understand their pension choices’ 05 September 2023 Department for Work and Pensions Helping savers understand their pension choices: supporting individuals at the point of access Caolan Ward
IFoA response to Bank of England CP9/23 - Approach to Enforcement: Proposed Changes and Clarifications (PDF, 153 KB) 04 August 2023 Bank of England CP9/23 – The Bank of England’s approach to enforcement: proposed changes and clarifications Steven Graham
IFoA response to HMT Financial Services Regulation: Measuring Success (PDF, 173 KB) 04 July 2023 His Majesty’s Treasury Financial Services Regulation: Measuring Success Call for Proposals Steven Graham
IFoA response to HMT/BoE consultation on ‘The digital pound: a new form of money for households and businesses?’ (PDF, 200 KB) 30 June 2023 His Majesty’s Treasury / Bank of England HM Treasury-Bank of England: The digital pound: a new form of money for households and businesses? Matthew Levine
IFoA response to the Financial Resilience APPG call for evidence 2023 (PDF, 170 KB) 1 June 2023 All-Party Parliamentary Group on Financial Resilience Financial Resilience APPG call for evidence terms of reference Charlie Wynne

IFoA response to Tentative Agenda Decision and comment letters Premiums Receivable from an Intermediary (IFRS 17 and IFRS 9) (PDF, 130 KB)

This consultation response was supported and developed with the IFoA’s Financial Reporting Group.

22 May 2023 IFRS Tentative Agenda Decision and comment letters: Premiums Receivable from an Intermediary (IFRS 17 and IFRS 9) Steven Graham
IFoA response to the Review of Solvency II: Reporting phase 2 (CP14/22) (PDF, 100 KB) 15 May 2023 Prudential Regulation Authority CP14/22 – Review of Solvency II: Reporting phase 2 Steven Graham
IFoA response to FCA discussion paper on finance for positive sustainable change (PDF, 180 KB) 10 May 2023 Financial Conduct Authority DP23/1: Finance for positive sustainable change Caroline Winchester
Comments to discussion paper on methodological principles of insurance stress testing – cyber component (160 KB PDF) 24 April 2023 European Insurance and Occupational Pensions Authority Discussion paper on methodologies of insurance stress testing – cyber component Matthew Levine
IFoA response to HMT consultation paper Introducing an Insurer Resolution Regime (PDF, 190 KB) 20 April 2023 HM Treasury Introducing an Insurer Resolution Regime policy@actuaries.org.uk
IFoA response to MOJ call for evidence on Personal Injury Discount Rate (PDF, 460 KB) 17 April 2023 Ministry of Justice Personal Injury Discount Rate: Exploring the option of a dual/multiple rate policy@actuaries.org.uk
IFoA response to DWP consultation on extending opportunities for collective defined contribution pension schemes (PDF, 120 KB) 27 March 2023 Department of Work and Pensions Extending Opportunities for Collective Defined Contribution Pension Schemes Caolan Ward
IFoA response to the Pensions Regulator consultations on defined benefit funding code and fast track (PDF, 180 KB) 24 March 2023 The Pensions Regulator Defined benefit (DB) funding code of practice and regulatory approach consultation Caolan Ward
IFoA response to Bank of England discussion paper DP522 (PDF, 180 KB) 17 February 2023 Bank of England DP5/22: Artificial Intelligence and Machine Learning Steven Graham
IFoA response to consultation on wholesale cash distribution (PDF, 160 KB) 10 February 2023 Bank of England Bank’s consultation on supervisory approach to wholesale cash distribution – December 2022 Matthew Levine
IFoA response to FCA consultation on SDR and investment labels (PDF, 170 KB) 25 January 2023 Financial Conduct Authority CP22/20: Sustainability Disclosure Requirements (SDR) and investment labels Caroline Winchester
IFoA response to SRA consultation on consumer protection for post six-year negligence (PDF, 80 KB) 3 January 2023 Solicitors Regulation Authority Consumer protection for post six-year negligence Steven Graham
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