18 July 2023
The Institute and Faculty of Actuaries (IFoA) has awarded its Quality Assurance Scheme (QAS) accreditation to Isio, which has successfully demonstrated its commitment to the requirements and objectives of the QAS through an independent audit.
Isio is the latest organisation, and the first in 2023, to be newly accredited. The firm, which launched three years ago, has over 1000 people in 10 UK office locations. The QAS accreditation has been awarded to Isio’s Actuarial & Consulting and Investment Advisory service lines, recognising the working environment which the firm has created, which supports actuaries in delivering high quality actuarial work.
Isio’s core pillar is Actuarial and Consulting. It delivers services to trustee, corporate and public sector clients, to navigate the risk and complexity of pension schemes. The investment service line provides independent strategic advice to institutional investors such as pension funds. The team also carries out extensive asset class and manager research, with ESG integrated into the process.
The QAS is an outcomes based scheme, which recognises organisations that have demonstrated their commitment to three pillars: Professionalism, Development and Training, and Organisational Culture.
The QAS was established in 2016 and today covers 26% of IFoA’s UK membership and 15% of our global membership through the 40 current accreditations.
Mike Shimwell, Chief Actuary at Isio commented on the accreditation: “As a firm, we are incredibly pleased and proud to gain QAS accreditation from the IFoA. We believe that QAS accreditation strongly aligns with Isio’s culture of supporting all our colleagues in their own professional development, whilst working in partnership with our clients to ensure that we deliver high-quality advice that leads to the best outcomes for our clients and their people. We are looking forward to joining and participating in the wider QAS community.”
Matt Saker, IFoA President said “I am delighted to welcome Isio’s Actuarial & Consulting and Investment Advisory service lines to the QAS. The QAS forms a key part of our strategy and is a great example of how we work in partnership with employers, supporting them and recognising the standards they have met. We look forward to working with Isio over the coming years.”
The QAS is open to all employers with a commitment to creating a working environment that supports actuarial excellence.
Find out more about how your organisation can become one of them.