FRC appoints Rosemary Beaver to its Actuarial Council
News types: Staff/Board Announcements
Published: 8 May 2014
The FRC sets technical actuarial standards and oversees the work of the Institute and Faculty of Actuaries. Its work promotes high quality actuarial practice and the integrity, competence and transparency of the actuarial profession for the benefit of all those who rely on actuarial information. The FRC Board and Committees are advised by the Actuarial Council.
Olivia Dickson, Chair of the Actuarial Council and FRC Board member said:
“Rosemary joins the Actuarial Council at an important time. The FRC is reviewing the framework of Technical Actuarial Standards, developing an actuarial risk map with other regulators and considering the implications for actuarial work and Technical Actuarial Standards of the pensions reforms announced in the March 2014 Budget Statement. Rosemary will bring to the Council a wealth of experience and a wide knowledge of the insurance and actuarial spheres.”
Rosemary is currently Head of International Regulatory Affairs at Lloyd’s, the world’s leading specialist insurance market. Rosemary is responsible for maintaining Lloyd’s international trading rights and licenses in more than 75 countries and for managing Lloyd’s international compliance and regulatory relationships. Rosemary is also a Fellow of the Chartered Insurance Institute, a Liveryman of the Worshipful Company of Insurers and a Vice President of the Insurance Institute of London.
Notes to editors:
- The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.
- The FRC relies on the advice of its Councils, the membership of which comprises experienced individuals who are highly respected by the FRC’s wide range of stakeholders. Council members have a range of experience: some with technical expertise and others as users, for example from an investor or corporate background. The Council comprises the Chair and up to ten members, up to half of the membership are practicing members of the actuarial profession; the remainder are “users” of actuarial information and other stakeholders.