Institutes join forces to raise actuaries’ AI skills & more…Keep up with what has been happening this week in our latest IP news round-up…

ICSWG launches new workstream

The Investment Consultants Sustainability Working Group (ICSWG) has set up a new workstream that will be working with regulators and policymakers to help enable pension scheme trustees to be freed from ‘tick box’ exercises and focus on making more impactful decisions that will boost sustainable investment and enhance scheme members’ outcomes.

New IFoA president takes over

Kartina Tahir Thomson has commenced her term as president of the Institute and Faculty of Actuaries (IFoA), succeeding Kalpana Shah. Joining the leadership team, meanwhile, as president-elect is Paul Sweeting.

Legal & General completes £1.1 billion buy-in with the SCA UK Pension Plan

Legal & General Assurance Society Limited (“Legal & General”) has completed a £1.1 billion buy-in with the SCA UK Pension Plan (“the Plan”), securing the benefits of 5,900 retirees and 3,600 deferred members.

PwC names Gareth Henty as new Head of Pensions

PwC has announced Gareth Henty as the firm’s new head of pensions. The move comes as PwC’s pensions practice has been through a period of growth and evolution, building on longstanding strength and depth as strategic corporate advisors, to providing whole of market solutions for trustees, scheme sponsors, insurers and administration teams.

Institutes join forces to raise actuaries’ AI skills

The IFoA has joined forces with the Chartered Institute for Securities and Investment (CISI) to support actuaries in their understanding of ethical issues when deploying AI.