The Society has today issued a press release announcing the appointment of Philip Shier, a Past President of the Society, as Vice Chairperson of the Actuarial Association of Europe.  The Society congratulates Philip on his appointment.

The Press Release is available here.

On 10th October 2014, the European Commission adopted a Delegated Act containing implementing rules for Solvency II. This will enter into force once the European Parliament and Council have both approved it, following their scrutiny, for which a maximum period of 6 months can be taken.

In July 2014, the Pensions Authority issued a consultation on Financial Management Guidelines of defined benefit pension schemes. The consultation paper can be viewed here.

Attached below is the September edition of the SAI Newsletter.  Included in this edition are articles on:

• SAI Strategy Plan 2014-2017
• SAI organisational chart
• Women Invent Tomorrow
• Maths Tutorials
• Q&A with Pat Curtin
• Work-Based Skills
• Student News

The Society has responded to the Discussion Paper on Risk Appetite issued by the Central Bank of Ireland recently. 

Earlier this year, the European Commission published a proposal for an updated IORP Directive.  The original IORP was published in 2003 and transposed into Irish law in September 2005. In summary, the current proposals aim to give greater protection of the pension rights of scheme members and beneficiaries. 

The Society has responded to the Department of Justice and Equality consultation on Legislation on Periodic Payment Orders. Details of the Society’s response are available here