About OAC Actuaries and Consultants
Our business
OAC Actuaries and Consultants is an award-winning independent actuarial and financial services consultancy providing advice and support to clients throughout the UK and abroad.
Our team of actuaries and associated professionals have skills and experience gained from a wide range of employers and assignments covering many aspects of the financial services industry. In a challenging regulatory and economic environment, this depth and breadth enables OAC to deliver practical actuarial and technical solutions to clients' often complex problems and to add real value to their transactions.
Through collaborative and innovative working methods with strict controls, processes and practices in all areas of the business, OAC provides a robust "big company" service but without the equivalent high overheads and cost penalties. As a result our clients benefit from highly competitive fee rates and from knowing that OAC is large enough to give them job cover and peace of mind, but at the same time we are able to retain an approach that is both personable and flexible, with every one of our clients being recognised as important to us.
oacplc.com/careers/culture for more about the way we work.
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Our clients
Our clients include financial regulators and ombudsmen, insurance companies, banks, building societies, friendly societies, independent financial advisers, auditors, solicitors, trade unions and other professional and trade bodies and sponsors of pension schemes as well as individuals.
We attach great importance to feedback from our clients and all those we deal with in the course of our day-to-day business. If you already work with OAC you will almost certainly have discovered that proactive management of the feedback process is a key pillar of our ethos of relationship driven consulting.
oacplc.com/testimonials for feedback received from clients.
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Our services
OAC provides a comprehensive range of actuarial services, including regulatory controlled functions, to the life insurance, pensions and investment industries. We also carry out audit and compliance projects and provide independent review of projects that have been completed internally.
In order to meet the more complex requirements of financial institutions, OAC has developed the Mo.net financial modelling platform. Mo.net is a highly flexible and efficient modelling tool, exploiting the most up-to-date software and systems technology available, and is specifically designed to provide complete and comprehensive solutions to today's reporting requirements, including Solvency 2. With fully featured dynamic and stochastic modelling capabilities, Mo.net helps to ensure firms meet their long term financial modelling requirements with confidence.
OAC has built an extensive range of tools that are capable of supporting the requirements of our clients in performing individual financial reviews, compensation and financial redress calculations.
OAC is well versed in all aspects of business or regulatory reviews and the associated compliance and regulatory issues. While we are able to provide the tools for clients to perform their own calculations we are also able to provide a full range of outsourcing services, from carrying out redress calculations to the handling of complaints from cradle to grave. OAC also provides a range of audit services where the client requires independent quality assurance and we have been appointed several times to prepare "Skilled Person" reports for the financial regulator.
We recognise that the effective use of contractors is often an important element in the overall resourcing plan for many companies so, alongside our traditional professional consultancy offering, we also provide actuarial and specialist technical interim resourcing solutions.
We act as expert witnesses in litigation and disciplinary proceedings where the issues are technical life insurance, pensions or investment matters.
oacplc.com/aboutus/tob for standard terms and conditions of business.
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Our working environment
OAC has pioneered a wholly teleworking business model with staff based at their homes and without any need for the traditional office environment. Instead, staff are supported by a highly developed and much acclaimed electronic infrastructure, built with collaboration and control at its centre.
This enables OAC to employ leading expert knowledge from a nationwide pool of experienced and motivated people, helping us to deliver a very high quality service to clients. We have procedures that mean our staff work effectively and at the same time benefit from a much healthier work-life balance, while also making a major positive impact on environmental issues.
Although consultants are physically remote, they are in constant communication with clients and colleagues for the purposes of accessing documentation, sharing knowledge, joint problem solving, peer review, and teamwork generally.
In recognition of our innovative management and approach OAC has been granted honorary membership of the Henley Management College Future Work Forum and won the "Better Ways of Working" category of the National eWell-Being Awards 2006/07. A citation from the panel of 22 judges said:
"Over the past 13 years, OAC has pioneered one of the country's most impressive teleworking offices - not just in the financial services industry, but in any industry."
oacplc.com/aboutus for more about accreditations, memberships, accolades and awards.
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Further information
If you would like further information about OAC please do not hesitate to contact us. We can arrange for further information to be sent to you or for an OAC consultant to contact you to discuss your requirements.
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