New topics for future IFoA thematic reviews announced

11 December 2024

We are pleased to announce future review topics for the Thematic Review Programme. Topics are chosen in areas of significant public interest with the potential for the review to provide useful insights into the work of members.

We look forward to engaging with members and other stakeholders as we explore these topics over the next two years. If you have an interest in any of these topics and would like to be involved, the Review Team would be pleased to hear from you at reviews@actuaries.org.uk.

 

Climate change, biodiversity, and sustainability

Actuaries have a crucial role in considering and communicating the financial risks of climate change, biodiversity, and sustainability.

This review aims to:

  • understand the work of actuaries in this domain
  • build on significant IFoA regulatory and thought leadership resources including the 2021 information gathering exercise

 

Consumer fairness and financial inclusion

The IFoA has championed this theme in various thought leadership campaigns (for example The Great Risk Transfer). Financial institutions have long had responsibilities in this area, most recently in the UK with the FCA Consumer Duty.

The review seeks to understand the role of actuaries in different organisations in:

  • considering the needs of the consumer
  • promoting fair access to financial products for vulnerable customers

 

Pensions advice in new funding environment

The range of advice provided by pensions actuaries is expanding with the introduction of the new funding rules from 2024 and in response to other significant pensions developments and market changes (such as CDC and superfunds). This review looks at advice provided in this new environment.

 

About the programme


The IFoA Thematic Review Programme is part of the Actuarial Monitoring Scheme (AMS). The scheme is designed to improve the effectiveness of actuarial regulation in the public interest, provide meaningful, credible, independent feedback to members and their employers, and promote ongoing reinforcement and continuous improvement