ASSOCIATION OF CONSULTING ACTUARIES

ASSOCIATION OF CONSULTING ACTUARIES

Updated more than 6 months ago

Short profile:

The Association is the representative body for UK consulting actuaries, whilst the Institute and Faculty of Actuaries is the professional body. The Association is the largest national grouping of consulting actuaries in the World.

The Association draws its membership from individual actuaries working in the consulting sector. Our members are all qualified actuaries – mainly Fellows of the Institute and Faculty of Actuaries. All actuarial advice given by our members is subject to the Actuaries' Code.

Members of the Association of Consulting Actuaries (ACA) are all professionally qualified actuaries working in the consulting sector who advise individuals and corporate clients on a wide range of issues. All actuarial advice given by Members is subject to the Actuarial profession's code of conduct.

Detailed description:

The Association has close to 1750 members working in over 75 firms. Members provide advice to thousands of pension schemes, including most of the country's largest schemes. As well actuarial services to and the design of pension schemes, consulting actuaries in many firms are now involved in a wide range of additional areas. These include investment, takeovers and mergers, benefits communication, international benefits, life and general insurance, healthcare, corporate finance and risk, damages, reversions and advice on financial settlements on divorce.

To provide leadership on issues having a bearing on the actuarial consulting sector and to influence decisions made by the Government, regulators and other bodies within and outside the UK. This is achieved by:

promoting the importance of the work done and services provided by consulting actuaries.

providing leadership and guidance to the sector on issues which may affect its public image and reputation.

researching and analysing policy and making representations to decision makers and other opinion-formers to secure improvement in the legal and regulatory framework in areas where consulting actuaries are qualified to speak.

facilitating the exchange of information and deliberations between ACA Members on matters which concern them and other organisations that work in the same fields as the ACA and its Members..

working in liaison with the Actuarial Profession to develop the role and enhance the standing of the consulting actuary.

Keywords:

Consulting Actuaries, consulting sector, advise, corporate clients, issues, pension schemes, investment, takeovers, benefits communication, international employee benefit, general insurance, healthcare, corporate finance, risk issues, damages, reversions, advice, researching, promoting, providing, analysing policy, making representations

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