Actuarial Risk Management Names Terrence Cummings as Senior Consulting Actuary & more…Keep up with what has been happening this week in our latest actuary news round-up…

Actuarial Risk Management Names Terrence Cummings as Senior Consulting Actuary

Actuarial Risk Management, a actuarial consulting firm, has addedTerrence Cummingsas senior consulting actuary. In this new role, Cummings will lead the establishment of a global Actuarial Modeling Center of Excellence to support ARM’s clients in transforming their actuarial modeling capabilities to drive innovation, speed, and efficiencies in a changing risk, regulatory, and business environment.

Standard Life complete buy in with Gallaher Pensions

Standard Life, part of Phoenix Group, has concluded a £1.7bn bulk purchase annuity transaction covering all members of the Gallaher Pension Scheme (“the Scheme”).

IFoA supports boost to pension guidance

The Institute and Faculty of Actuaries (IFoA) has given its support to a cross-party group of MPs calling on the UK government to do more to boost uptake of pensions guidance and advice.

Response to Solvency II regulatory framework

Solvency II review must correct excessive capital and volatility, maintain SCR as supervisory intervention point, improve proportionality and not increase costs.