ARM launches Data and Modeling Institute & more…Keep up with what has been happening this week in our latest actuary news round-up…
Standard Life completes buy in with the Cobham Pension Plan
Standard Life, part of Phoenix Group, has concluded a £530 million Bulk Purchase Annuity (“BPA”) transaction covering c. 3,000 members of the Cobham Pension Plan (“the Plan”). This bulk purchase annuity arrangement completed in August and, combined with a similar* bulk annuity purchase in 2013, secures the benefits of all members of the Plan.
ARM launches Data and Modeling Institute
Actuarial Risk Management Ltd. (ARM), a provider of advisory actuarial services, has announced the launching of its Data and Modeling Institute (DMI), aimed to transform insurers’ actuarial functions and address the industry’s supply-demand imbalance for actuarial talent through managed actuarial services.
FCA proposes new rules to tackle greenwashing
In a bid to clamp down on greenwashing, the Financial Conduct Authority (FCA) is proposing a package of new measures including investment product sustainability labels and restrictions on how terms like ‘ESG’, ‘green’ or ‘sustainable’ can be used.
The Actuaries Institute, the professional body representing the actuarial profession in Australia, is celebrating its 125th anniversary and has reaffirmed its commitment to promoting and maintaining a high standard of actuarial practice in the country.
Legal & General Assurance Society Limited announced that it has agreed an Assured Payment Policy (APP) transaction of around £10 million with Flour Milling and Baking Research Association Pension and Assurance Scheme, marking its sixth APP transaction.
