News

Solvency II: Central Bank publishes Irish QIS5 results

IAA News Release:

The International Actuarial Association is pleased to announce the publication by its Pensions and Employee Benefits Committee of a Note on Enterprise Risk Management for Pensions.

The European Court of Justice (ECJ) has today ruled that Article 5(2) of the Gender Directive 2004/113/EC breaches European Union gender discrimination laws.  Article 5(2) currently permits individual member states to differentiate between men and women when pricing insurance where statistical evidence shows gender is a determining risk factor.  The ECJ has ruled that this derogation is invalid from 21st December 2012.  

Kevin Murphy, President of the Society of Actuaries in Ireland, addressed members and guests at the Society’s Biennial Dinner on 10th February.  His speech is now available by clicking here.

The Society of Actuaries in Ireland has issued a statement welcoming the "sovereign annuities" initiative introduced in the Dáil last week. 

The Society of Actuaries in Ireland has stressed that it is vital that the ambitious deadline set for the potentially far-reaching review of defined benefit pension schemes announced recently by Minister Ó Cuív is delivered upon and a new protection system is put in place promptly.

The Society has issued a briefing statement on the “sovereign annuities” concept that has attracted media attention recently.

The September edition of the SAI Newsletter is now available by clicking here

The Society of Actuaries in Ireland has welcomed the Financial Regulator’s Review of Minimum Competency Requirements (Consultation Paper 45), noting that “The Requirements benefit consumers by ensuring that individuals who sell or provide advice on retail financial products acquire relevant competencies first”.