PFS Consulting is excited to welcome Bozenna Hinton
MEDIA RELEASE PFS Consulting is delighted to welcome Bozenna Hinton as a new Principal. PFS Consulting Managing Director, Adrian McGarva said regarding the appointment: “Bozenna brings enormous experience into PFS, in particular in the Life Insurance sector where she has worked most recently. As President-elect of the International Actuarial Association and a past-president of the […]
Addressing Group Insurance Operational Risk
Addressing Group Insurance Operational Risk PFS Principal, Sean Williamson, recently produced a thought-provoking article about Operational Risk inherent in Insurance in Superannuation. This paper addresses how insurance operational risk confronting Trustee Boards and Fund Executives is increasing as major change and complexity, primarily regulatory and mergers, continues across the superannuation system. It explores how funds […]
PFS welcomes new Principals and expands services
PFS Consulting (PFS) continues to expand its actuarial, risk and regulatory expertise and services to support new and existing clients. PFS, which was established in 2001, is pleased to welcome Sean Williamson and Vicki Mullen as Principals. They will offer clients an expansion of our existing services and a depth and breadth of industry knowledge […]
Individual Disability Income Insurance (IDII) in Australia
PFS Consulting would like to thank Principal Ian Laughlin and his team at the Actuaries Institute’s Disability Insurance Taskforce for all their great work in preparing this document. The document will be of interest to anyone involved in the IDII ecosystem – consumer bodies, insurer management and boards, technical and professional specialists, regulators, government and […]
Jayesh Bhana appointed as a Principal of PFS Consulting
PFS Consulting is pleased to announce that a new Principal has joined us – Jayesh Bhana. Jayesh is an actuary with over 15 years’ professional experience both locally and abroad. He is a Fellow of the Institute of Actuaries of Australia and a Fellow of the Actuarial Society of South Africa. Jayesh has a BSc […]
Ian Pollard named a Member of the Order of Australia
PFS would like to congratulate PFS Principal Dr Ian Pollard on being named a Member of the Order of Australia, in recognition of his significant service to business, to ethical standards, and to the community. Ian has made a great contribution over his very distinguished career, and we are proud to have him as a […]
Principles of value attribution for Unit pricing and Crediting rates – Business as Usual and Compensation
A framework to guide assessment and implementation By Jules Gribble, Principal Introduction All investment products, superannuation and otherwise, require the attribution of value to investors. Generally, the changes in value to be attributed at specific points in time (daily, weekly, monthly, …) reflect changes in value of underlying assets. There are essentially two ways to […]
The new insurance accounting regime AASB 17 will involve more work than you might think
The introduction of the new Insurance Accounting regime (AASB 17) is more involved than it may seem. Here are some issues to consider: General Insurance The assumption is often made that little will change with accounting for general insurance, as the new requirements for liabilities pre-claim are similar to the current arrangements under the unearned […]
