2021 Council and Committee Meetings

Audience: All

First set of meetings: will be held virtually as announced at Council on November 18, 2020.

• Council: Thursday, May 13, 2021. More information, such as the registration process, will follow in due time.

• Part I:   07:00 – 09:00 EDT
• Part II:  23:00 – 01:00 EDT

• Committees and Forums: In a continuous effort to facilitate scheduling between the numerous time zones we are faced with, each IAA entity is asked to schedule their meetings with their respective staff liaison as they see fit; effective immediately and up until the next Council meeting.

Please note that:

• each meeting will be limited to the entity’s respective members and invited guests
• we will not be preparing a full schedule and there will not be a registration process
• Staff liaison’s will follow up in due time with their respective groups

Second set of meetings: remain scheduled to take place in Seoul, South Korea in October. The venue and confirmed dates will be finalized and announced as soon as possible.

Updates will be posted here as they become available.

Should you have any questions, please do not hesitate to contact Anne Lamarche.   

Passing of Mark Stocker

Audience: All

It is with profound sadness that we have learned that our colleague Mark Stocker passed away last weekend following a late cancer diagnosis.

Mark served as delegate of the Institute and Faculty of Actuaries on the Education and Professionalism Committees, and previously as a Vice-Chair of the Education Committee.

Our hearts go out to his family and friends and we wish them all the best in dealing with this tremendous loss.

Webinar on Pension Fund ESG Risk Disclosures: Developing Global Practice

Audience: All

The IAA recently released a discussion paper Pension Fund ESG Risk Disclosures: Developing Global Practice that summarizes the main features and trends in pension fund ESG risk disclosures around the world available to regulators, members and the public. During our webinar, the presenters will discuss how pension fund ESG risks are important in terms of long-term fund performance and delivering members’ benefits, as well as in relation to wider societal impacts, and this is a rapidly developing area. Based on the information gathered via a survey of 14 countries, the paper looks at how local legislation, type of pension fund, size, structure and available resources, among other factors, affect pension funds engaging in ESG disclosures.

The webinar will take place on January 21 at 7:00 AM (EST), featuring presenters Paul Meins, Philip Shier and Tim Furlan.

Registration is now open at: http://bit.ly/3rVvlpJ

New IAA Entities

Audience: Correspondents and Council Delegates

3 New Forums Established on 1 January 2021

We are pleased to announce that the three new Forums, i.e., Enterprise and Financial Risk, General Insurance and Pensions and Employee Benefits Forums have now been established under the Advance Committee. The Secretariat invites Full Member Associations to designate  members and observers to the Forums.

The Forums will facilitate discussion and knowledge-sharing among Full Member Associations on issues of international relevance for actuaries working in the areas relevant to each Forum.

If your association has not already done so, please designate members and observers to these 3 new forums by using the following link: https://www.surveymonkey.com/r/L8TF8QC

New Pensions Accounting Committee Established on 1 January 2021

The Pension Accounting Committee (PAC) is established to promote the actuarial viewpoint in the development and application of financial reporting of pension and other employee benefit plans as developed by international accounting standard setters.

The PAC has Urs Barmettler in the role of Chair, and Jason Malone and Andac Yilmaz as Vice-Chairs.

Each IAA FMA has the opportunity to delegate one member to the PAC. If your association has not already delegates a member, please contact the Secretariat at secretariat@actuaries.org with the name and contact details of the member you wish to appoint. The PAC will begin its work early in the first quarter of 2021.  

Request for January Newsletter Submissions

Audience: Member Association Correspondents; Chairpersons of IAA Committees, Sections, Patrons

If your group has any news or events of international interest for this issue, please send your article(s) by January 20th to newslettersubmissions@actuaries.org. The next regular IAA newsletter will be issued at the end of March.

2021 IAA Membership Fees

Audience: Correspondents and Council Delegates

A friendly reminder that:

• Full and Associate membership fees are payable by January 31, 2021
• The new late payment policy approved by Council came into effect on January 1, 2021