| Title and status | Description | Documentation |
|---|---|---|
|
Pension scheme design Advice given to trustees or sponsors on changes to member benefits. Status: open to submissions |
Actuarial advice is critical when benefit changes are proposed for UK DB pension schemes, as it affects the accrued or future benefits payable to scheme members. The advice in this area ranges from changes to future benefits (including closure to new accrual) to adjustments to the timing or structure of accrued benefits. The review will look at current practices adopted by actuaries in pension scheme design affecting groups of scheme members. It will also cover the treatment of potential conflicts of interest. Given the recent period of high inflation, this review is also covering the advice to trustees or sponsors on whether or not to award discretionary pension increases. |
|
|
Cyber risk Treatment and quantification of cyber risk by actuaries, including insurance of risks. Status: open to submissions |
Cyber risk is now an established risk being managed by firms employing actuaries. The work of actuaries in this field may include quantifying and managing risks from potential cyber events, developing and pricing cyber risk products, and identification of potential latent risk from legacy products not intended to specifically cover cyber events. This review aims to understand better where and how actuaries are involved in the management of cyber risk both within their firms, and through cyber risk products which are sold to third parties. |
Future review topics will be published following a selection process in late 2024.
An enhanced system to promote the quality of actuarial work.
For more information please contact the Actuarial Review Team
Level 2, Exchange Crescent · 7 Conference Square · Edinburgh · EH3 8RA
