FRC investigates gender imbalance among UK actuaries & more…Keep up with what has been happening this week in our latest actuary news round-up…

PIC completes third buy in with British American Tobacco

Pension Insurance Corporation plc, has concluded a third pension insurance buy-in with the Trustee of the British American Tobacco UK Pension Fund, insuring approximately £250 million of liabilities. PIC has now insured all £4.1 billion of the Fund’s liabilities, covering the pensions of all 10,000 members.

PIMFA calls for FCA to have greater role in protecting public from fraud

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, welcomes the news today (3 February 2023) that the Financial Conduct Authority (FCA) has blocked four times more misleading financial promotions in 2022 than a year earlier.

Milliman hires Payne as Director & Consulting Actuary for Asia Life practice

Consulting and actuarial firm Milliman has announced the appointment of Richard Payne as Director & Consulting Actuary for its Life practice in Asia.

Oliver Wyman launches actuarial practice in Asia Pacific

Global management consulting firm Oliver Wyman has launched its Actuarial practice in Asia Pacific.

FRC investigates gender imbalance among UK actuaries

The Financial Reporting Council (FRC) has launched a research project to gather and assess primary evidence on the reasons for gender imbalances among senior actuaries in the UK.