Application closing date: 9 September
The IFoA is seeking to appoint both members and suitably experienced or qualified non-members to join this recently launched working party.
The recent IFoA pensions on divorce thematic review highlighted a range of approaches followed by actuaries active in this field.
The purpose of this working party is to seek agreement on the technical methodologies being used in practice. The group will seek to identify a default approach, if this is possible. (For example, to financial and mortality assumptions.) This may include consideration of how allowances for ‘utility’ should influence the choice of actuarial assumptions. It will consider recommending a professional standard, or concise guidelines, for divorce work. In addition, it would assist users of reports for actuaries to use consistent terminology, and to describe it in the same plain English way, so that it is clear to readers when a particular methodology is being used.
A second aim of the working party is to examine whether communications between pensions on divorce actuaries and pension schemes and providers can be improved. Is there a more efficient way in terms of letters of instruction, questions being asked, and model timescales? (This may be a separate workstream of the working party.)
We would welcome applications from:
The time commitment is approximately a half-day per month, made up of attendance at a virtual meeting lasting approximately 1.5 hours, with follow up research and actions between meetings.
It is anticipated that the working party will meet over the next 12 to 18 months, in order to consider the agreed aims and produce materials.
If you are interested in this role but 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:
Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.
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