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Pensions – Dynamic Discount Rates Part 2 Working Party – members

Application closing date: 16 March

The IFoA is seeking to appoint both members and suitably experienced non-members to join the newly formed Dynamic Discount Rates Working Party.

This working party will build on the work undertaken by the previous Dynamic Discount Rates Working Party, including:

  1. Addressing/investigating the limitations that were acknowledged by the previous working party. This includes consideration of using a stochastic modelling approach and the complexities caused by pension increases that are subject to caps and collars.
  2. Further consideration of practical issues and challenges in implementing this approach that may limit the effectiveness of using a dynamic discount rate approach.
  3. Investigation of the benefits/drawbacks of using a dynamic discount rate approach in run-on scenarios, having regard for the potential implications of the 2023 Mansion House proposals.

To read more about the working party, see its terms of reference (PDF, 200 KB)

Time commitment

The time commitment varies but will not be more than a maximum of 2 hours per month. The working group will consist of monthly meetings with more regular meeting as required.

Next steps

If you are interested in this role and would like an informal conversation before applying, please email us at engagement.team@actuaries.org.uk.

If you have read all the above and would like to apply, please send us:

  • brief details of your relevant experience
  • your reasons for wishing to get involved
  • your ARN (if you are a member)
  • a brief copy of your CV and full contact details (if you are a non-member)
  • confirmation that you have read, understood, and agree to the information and requirements laid out in our volunteer information pack (please be aware that until we have received this confirmation, we will not be able to appoint you as a volunteer)

Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

What you need to know

Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s governance manual and volunteer information pack. Before offering to provide support, please read through: what you need to know.