Precept 10 of the Code of Conduct

12/12/2018 - 11:30 AM – 12:45 PM CT
Credits: EA Core 1.50,  CPD 1.50

Precept 10 of the Actuarial Code of Conduct requires actuaries to perform Actuarial Services with courtesy and professional respect and to cooperate with others in the Principal’s interest. Annotation 10-5 clarifies that “When a Principal has given consent for a new or additional actuary to consult with an Actuary with respect to a matter for which the Actuary is providing or has provided Actuarial Services, the Actuary shall cooperate in furnishing relevant information.” Annotation 10-5 adds that “The Actuary need not provide any items of a proprietary nature, such as internal communications or computer programs.”

• What does Precept 10 mean for a prior actuary when responding to a request for information from a successor actuary?
• What does Precept 10 mean for a current actuary when responding to a request for information from an auditing actuary?
• Is there any rational to support providing different levels of information to a successor actuary versus an auditing actuary?
• Are sample lives (i.e., test cases) considered proprietary information?
• Is the backup information/data for graphs considered proprietary information?
• What else is considered proprietary information?

Speakers at this audio/webcast present their different perspectives on this subject

Speakers:

1. Lance J. Weiss - Gabriel Roeder Smith & Company
2. David L. Driscoll - Buck
3. David T. Kausch - Gabriel Roeder Smith & Company
4. Christine T. Mahoney - Mercer

2019 Enrolled Actuaries Meeting

April 7-10, 2019
Marriott Wardman Park Hotel
Washington, DC

The Conference of Consulting Actuaries & American Academy of Actuaries serve as joint hosts for the 44th annual Enrolled Actuaries Meeting, April 7-10, 2019 at the Marriott Wardman Park Hotel in Washington, DC. The meeting offers a variety of panels and workshops, covering a wide range of topics and issues relevant to Enrolled Actuaries and other pension professionals.

• Meeting Overview and Online Registration
• Make Hotel Reservations
• Registration Information
• Meeting Policies
• Sessions by Topic
• Committee and Sponsoring Organizations

Click here for more information about the Enrolled Actuaries Meeting

2019 CCA Professionalism Seminar

April 7, 2019 - 1:00-5:00 PM
Marriott Wardman Park Hotel
Washington, DC

Our culture is built on a foundation of diverse viewpoints that can either discourage civil discourse and debate, or enrich dialogue that leads to mutual understanding and improved outcomes. In our professional lives, a lack of mutual understanding and appreciation for other perspectives can lead to greater professional liability exposure and increased risk to our reputation as actuaries. As actuaries, we are required to perform actuarial services with courtesy and professional respect and to cooperate with others in our clients' interests. How can we best do so in the current environment?

Hearing from people with differing opinions improves our ability to analyze complex and multifaceted issues, arrive at an informed decision about how to manage the range of potential consequences, and navigate toward a successful outcome. Many aspects of actuarial professionalism fall into this category of "complex and multifaceted" issues. This seminar is a great opportunity to explore ways to build and manage your career as an actuary and professional with a group of your peers, where you can benefit from hearing a range of opinions to help inform how you approach actuarial professionalism challenges. Topics we'll talk about include:

• Managing your career in a professionalism framework
• Building and maintaining your reputation
• Balancing commercial interests with your professional responsibility
• Managing client relationships
• Maintaining independence (both real and perceived)
• Working well with other actuaries and professionals
• Understanding differences in professional opinion

We promise you’ll find the discussion at this Professionalism Seminar to be educational and thought provoking.

CCA Members,

On Thursday, September 21, the CCA issued the following letter to the Board of Directors of the American Academy of Actuaries in response to their recent decision to exclude representation by the Conference of Consulting Actuaries and ACOPA from the Selection Committee for members of the Actuarial Board of Counseling and Discipline (ABCD) and the Actuarial Standards Board (ASB). Our Board is exploring other options and we will keep you informed of actions we take or any response we receive from the Academy. We welcome your comments at conference@ccactuaries.org. You may also contact CCA President John Lowell at jlowell@octoberthree.com or 770-235-8566. To view more of the communications by and between the Academy and the CCA, please visit https://www.ccactuaries.org/home/composition-of-the-selection-committee.

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Board Members of the American Academy of Actuaries

The leadership of the CCA is both dismayed and disappointed by the Academy's unilateral action to exclude representation by the Conference of Consulting Actuaries and ACOPA from the Selection Committee for members of the Actuarial Board of Counseling and Discipline (ABCD) and the Actuarial Standards Board (ASB). We would have preferred an opportunity to discuss the Academy's concerns before taking any action so that we could more fully express our position on matters and to address many of the mischaracterization of the CCA by the Academy in the communication to your members issued Friday, September 7, 2018.

[Click Here for the Complete Message]

There are a variety of ways for CCA members to participate. For more information, view our Get Involved With the CCA interactive graphic, where the responsibilities and time commitments for each opportunity are outlined.

Once you match your talents and interests, please complete the Member Engagement form.

Experienced CCA volunteers are encouraged to volunteer for the Board of Directors. To help you determine whether this is a match for your talents, consider the duties involved. Contact the CCA office at conference@ccactuaries.org for details.

Updated: September 28, 2018

Twice a year the Intersector Group meets with representatives of the U.S. Department of Treasury (Treasury Department), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) to dialogue with them on regulatory and other issues affecting pension practice. Click here to view notes from meetings with the IRS, Treasury, and PBGC on regulatory issues affecting pension practice.

The Directory of Actuarial Consultants allows you to search for a consulting actuary based on contact information, practice area (Retirement, Health & Welfare, Life, and Casualty), type of firm, or scope of practice.