News from OAC Actuaries and Consultants http://www.oacplc.com News updated regularly by OAC Copyright 2011 OAC plc. All rights reserved Wed, 25 Apr 2012 16:40:06 GMT en-gb Interim Resourcing: OAC Advertisement Q2/12: "Actuarial Contractors: The winning formula in 2012" We are focussed on helping our contractors to be competitive in 2012 so that they can remain focussed on meeting their aspirations, both personal and professional. Our vacancies cover a wide range of actuarial disciplines and all qualification levels, from student to senior actuary. Register with us today. http://oacplc.com/news/index.cfm?id=117 colette.lurshay@oacplc.com (Colette Lurshay) Wed, 25 Apr 2012 16:40:06 GMT http://www.oacplc.com/rss?ui=117 Financial Modelling: Published article "Unleash Your Model" in Actuarial Post Solvency II offers a launch pad for innovation in financial modelling systems. Can existing enterprise-wide models keep up with regulatory requirements and drive competitive advantage? http://oacplc.com/news/index.cfm?id=116 david.gregson@oacplc.com (David Gregson) Wed, 25 Apr 2012 16:15:40 GMT http://www.oacplc.com/rss?ui=116 Compliance Consulting: OAC Publication Q2/12: Compliance News Roundup No.12 Welcome to this, the first anniversary edition of our monthly Compliance News Roundup, highlighting the regulatory developments which have occurred during the last month which we think will be of interest to our clients. http://oacplc.com/news/index.cfm?id=115 roger.comber@oacplc.com (Roger Comber) Tue, 24 Apr 2012 11:58:04 GMT http://www.oacplc.com/rss?ui=115 About OAC: OAC staff announce their 2012 charity fundraising challenge Please consider supporting our staff. Thank you. http://oacplc.com/news/index.cfm?id=114 christiane.perera@oacplc.com (Christiane Perera) Mon, 02 Apr 2012 15:09:05 GMT http://www.oacplc.com/rss?ui=114 Insurance Consulting: OAC Publication Q1/12: "Technical guidance to PS12/04: Protecting With-Profits Policyholders" This article sets out the main proposals in the Policy Statement, offers OAC's commentary on the proposals, and gives a checklist of things that firms have to do. http://oacplc.com/news/index.cfm?id=113 david.lechmere@oacplc.com (David Lechmere) Thu, 29 Mar 2012 12:53:23 GMT http://www.oacplc.com/rss?ui=113 Insurance Consulting: Solvency II European Parliament vote is delayed until 10 September making January 2014 start date less likely For more information, please contact us. http://oacplc.com/news/index.cfm?id=112 graeme.charters@oacplc.com (Graeme Charters) Thu, 29 Mar 2012 12:40:34 GMT http://www.oacplc.com/rss?ui=112 Insurance Consulting: The Budget introduced a limit on premiums to qualifying policies of £3,600pa. The £25pm FSoc exempt policy is included in that limit. For more information, please get in contact. http://oacplc.com/news/index.cfm?id=111 david.lechmere@oacplc.com (David Lechmere) Fri, 23 Mar 2012 10:02:48 GMT http://www.oacplc.com/rss?ui=111 Compliance Consulting: OAC Publication Q1/12: Compliance News Roundup No.11 11th Edition of our Compliance News Roundup service which highlights recent important regulatory developments and surrounding issues. http://oacplc.com/news/index.cfm?id=110 roger.comber@oacplc.com (Roger Comber) Thu, 22 Mar 2012 13:03:00 GMT http://www.oacplc.com/rss?ui=110 Insurance Consulting: FSA backs off from some controversial elements of With-Profits in new Policy Statement FSA has today published its long awaited Policy Statement on With-Profits: "PS12/4: Protecting with-profits policyholders". Following responses to CP11/05 the FSA has indicated that it is willing to reconsider some parts of its original proposal. We intend to publish an analysis of the Policy Statement next week. Let us know what you think. http://oacplc.com/news/index.cfm?id=109 graeme.charters@oacplc.com (Graeme Charters) Wed, 07 Mar 2012 16:58:27 GMT http://www.oacplc.com/rss?ui=109 Compliance Consulting: OAC Topical Article Q1/12: "New post-RDR pension product illustration requirements (FSA PS11/14)" FSA published Policy Statement 11/14 towards the end of 2011 which sets out the changes that will be triggered after the RDR deadline. The proposed changes to pension illustrations have been necessary as a result of the RDR, and directly effects how the facilitating adviser charging is to be handled. http://oacplc.com/news/index.cfm?id=108 conolly.tunnard@oacplc.com (Conolly Tunnard) Mon, 27 Feb 2012 17:36:19 GMT http://www.oacplc.com/rss?ui=108 Compliance Consulting: OAC Publication Q1/12: Compliance News Roundup No.10 10th Edition of our Compliance News Roundup service which highlights recent important regulatory developments and surrounding issues. http://oacplc.com/news/index.cfm?id=107 roger.comber@oacplc.com (Roger Comber) Fri, 17 Feb 2012 15:35:36 GMT http://www.oacplc.com/rss?ui=107 About OAC: Graeme Charters joins OAC Actuaries and Consultants Graeme Charters has joined OAC Actuaries and Consultants as head of business development and as an actuarial consultant specialising in risk management. He will be responsible for leading the firm's growth plans in actuarial consulting and Mo.net financial modelling services. http://oacplc.com/news/index.cfm?id=106 christiane.perera@oacplc.com (Christiane Perera) Tue, 14 Feb 2012 16:26:04 GMT http://www.oacplc.com/rss?ui=106 Compliance Consulting: OAC Topical Article Q1/12: "Data Collection: Retail Mediation Activities Return and complaints data (FSA PS11/13)" Jackie Wright comments on Policy Statement 11/13 which reports on the main issues arising from the previous associated Consultation Paper 11/8. She also comments on RDR-related exemptions from the new proposals. http://oacplc.com/news/index.cfm?id=105 david.lechmere@oacplc.com (David Lechmere) Fri, 03 Feb 2012 16:36:13 GMT http://www.oacplc.com/rss?ui=105 Compliance Consulting: OAC Publication Q1/12: Compliance News Roundup No.9 9th Edition of our Compliance News Roundup service which highlights recent important regulatory developments and surrounding issues. http://oacplc.com/news/index.cfm?id=104 roger.comber@oacplc.com (Roger Comber) Thu, 19 Jan 2012 13:46:52 GMT http://www.oacplc.com/rss?ui=104 Interim Resourcing: OAC Advertisement Q1/12: "Actuarial Contractors: Are you ready to compete in 2012?" 2012 is an important year for a number of reasons but, perhaps most importantly to you as a contractor, it will mean meeting your aspirations, both personal and professional, and ensuring your competitiveness by using the agency that takes a real interest in helping you to achieve your goals. Get ahead in 2012. Get in contact with us today. http://oacplc.com/news/index.cfm?id=103 colette.lurshay@oacplc.com (Colette Lurshay) Tue, 17 Jan 2012 16:32:04 GMT http://www.oacplc.com/rss?ui=103 Compliance Consulting: OAC Publication Q4/11: Compliance News Roundup No.8 Welcome to the eighth edition of our Compliance News Roundup service which highlights recent important regulatory developments and surrounding issues. http://oacplc.com/news/index.cfm?id=102 roger.comber@oacplc.com (Roger Comber) Wed, 21 Dec 2011 16:03:37 GMT http://www.oacplc.com/rss?ui=102 Insurance Consulting: Financial Reporting Council publishes questions for Non-Executive Directors to ask Actuarial Function See linked PDF document on the FRC website. http://oacplc.com/news/index.cfm?id=101 david.lechmere@oacplc.com (David Lechmere) Wed, 07 Dec 2011 09:07:40 GMT http://www.oacplc.com/rss?ui=101 Compliance Consulting: OAC Publication Q4/11: Compliance News Roundup No.7 Welcome to the seventh edition of our Compliance News Roundup service which highlights recent important regulatory developments and surrounding issues. http://oacplc.com/news/index.cfm?id=100 roger.comber@oacplc.com (Roger Comber) Fri, 18 Nov 2011 14:18:01 GMT http://www.oacplc.com/rss?ui=100 Insurance Consulting: EIOPA consultation on the quantitative and qualitative aspects of reporting under Solvency II EIOPA has issued a consultation on the quantitative and qualitative aspects of reporting under Solvency II. The precise impact of these proposals is hard to quantify as they will vary for each insurance firm, but it is advised to understand their potential significance sooner rather than later and to respond to EIOPA with comments by 20/01/2012. For more information, please contact David Lechmere. http://oacplc.com/news/index.cfm?id=99 david.lechmere@oacplc.com (David Lechmere) Wed, 09 Nov 2011 16:18:30 GMT http://www.oacplc.com/rss?ui=99 Insurance Consulting: EIOPA Consultation Paper on the Proposals for Guidelines on Own Risk and Solvency Assessment EIOPA has today issued its "Consultation Paper on the Proposals for Guidelines on Own Risk and Solvency Assessment". Responses are due back to EIOPA by 20 January 2012. We at OAC are actively engaging with our clients in helping them draw up initial ORSA documentation pertinent to the nature, scale and complexity of their business. For more information, please contact David Lechmere. http://oacplc.com/news/index.cfm?id=98 david.lechmere@oacplc.com (David Lechmere) Mon, 07 Nov 2011 16:46:13 GMT http://www.oacplc.com/rss?ui=98