Board Members

The membership of the Board provides representation of a cross-section of groups with an interest in actuarial standards, and lay members. Membership includes:

• Practising UK actuaries, covering different areas of actuarial practice
• Users of actuarial advice provided to insurance companies, corporate pension scheme sponsors, and trustees

Membership may include persons concerned with other financial organisations such as banks, securities firms, fund managers and investment advisers, or other persons who have an interest in actuarial practice, including consumer representatives, members of other professions which work with actuaries, and academics (e.g. economists, statisticians and demographers).The BAS Board may admit observers to attend its proceedings. To date, the Chair has invited the following organisations to send an observer to its Board meetings: DWP, FSA, Groupe Consultatif Actuariel Européen, tPR, HMT, The Actuarial Profession.

Chairman
Jim Sutcliffe		Jim Sutcliffe has operated at a senior level in the insurance, banking and asset management industries for many years, which included being Chief Executive of Prudential's UK business, and Group Chief Executive of Old Mutual plc. He is a Director of Lonmin plc and Sun Life of Canada. Jim grew up in South Africa and qualified as an actuary in 1979.

Director, Actuarial Standards
Paul Kennedy (Acting Director)		Paul Kennedy has worked in various actuarial and managerial roles in the UK and overseas, as a Principal at Coopers & Lybrand, and as a barrister. Prior to joining the FRC in 2006, he headed the legislation team at the Financial Services Authority (FSA), including part-time secondments to the HM Treasury bill and implementation teams for the Financial Services and Markets Act 2000, and subsequently oversaw the Financial Ombudsman Service and the Financial Services Compensation Scheme. He qualified as an actuary in 1987, and is a former member of Council of the Institute of Actuaries and the Morris Review team.

Members
Keith Barton		Keith Barton joined the Government Actuary’s Department in 1976 having achieved a first class degree in mathematics from Jesus College, Oxford. Three years later he joined Bacon & Woodrow (where he became an equity partner in 1988), which merged with Hewitt in June 2002, and where he has been for over 30 years. He has been a Fellow of the Institute of Actuaries since 1981. His main focus is on advising trustees and employers on pension issues, such as valuations and funding strategy, benefit design, the impact of legislation, approaches to liability management and the impact of corporate activity. He is scheme actuary to several large pension schemes as well as a number of medium and smaller sized schemes. He is also chairman of Hewitt’s staff pension fund. Keith has been on the Main Committee of the ACA since 2000, was Honorary Secretary 2004-2008 and was Chairman in 2008 -2010.
David Blackwood		David is Finance Director of Yule Catto plc. He is a maths graduate, a Chartered Accountant and Fellow of the Association of Corporate Treasurers. He was extensively involved in pensions risk and accounting issues during his five years as Group Treasurer of ICI until end 2006, and also previously as Group Financial Controller. He was a member of the advisory panel on the ASB's review of FRS17 and is on the IASB's working party on the review of IAS19. He is a non executive member of the Cabinet Office Audit and Risk Committee and a member of the Risk Advisory Board of the EDHEC business school in France.
Lawrence Churchill CBE		Lawrence Churchill is the Chair of NEST Corporation and is the Senior Independent Director at The Children's Mutual and Monkton Group; he also chairs the Audit Committee at Huntswood. His extensive executive career in the insurance sector included CEO of Zurich Financial Services, Executive Chairman of UNUM Ltd and Chief Executive of NatWest Life. He has served in a non-executive capacity on the boards of the Personal Investment Authority, the Association of British Insurers, the Employers' Forum on Disability, the Financial Ombudsman Service and been a Trustee of the Royal Society of Arts.
Harold Clarke		Harold Clarke qualified as a Fellow of the Institute and Faculty of Actuaries in 1975. He is a Director in the European Actuarial Services practice of Ernst & Young with particular responsibility for non-life business in Continental Europe. He is also a Non-executive Director of the Medical Defence Union. He has worked as a consultant in non-life insurance since 1986 specialising in reserving, mergers and acquisitions and capital management for insurance companies. He was previously an actuarial partner in Deloitte.
Olivia Dickson		Olivia is a non-executive Director of Canada Life Limited and of Investec plc. She is the Senior Independent Director and Chair of the Audit Committee of Invista Real Estate Investment Management Holdings plc and a Trustee Director and Chair of the Risk and Assurance Committee of the Mineworkers’ Pension Scheme. She is also a member of the Regulatory Decisions Committee of the Financial Services Authority and the Determinations Panel of the Pensions Regulator. Most recently she served as a non-executive Director and Chair of the Risk and Compliance Committee of Aon Limited and prior to that as a Senior Adviser to the Financial Services Authority. Previously she was a Managing Director at JP Morgan, where she served in a number of senior roles including Head of European Derivatives Brokerage. While at JP Morgan, she was a non-executive Director and Chair of the Audit Committee of the London International Financial Futures Exchange. Olivia read Mathematics at St Hilda’s College, Oxford and is a Sloan Fellow of the London Business School.
Steven Haberman		Steven Haberman qualified as a Fellow of the Institute and Faculty of Actuaries in 1975. He is Professor of Actuarial Science and Deputy Dean at Cass Business School, City University. He has worked at Prudential Assurance and for the Government Actuary's Department, and served two terms as a Member of Council of the Institute. He was a member of the External Advisory Panel to the Morris Review. He has written over 135 papers on a wide range of topics, but most particularly on mortality and morbidity models, annuities and pensions.
David Hare		David Hare qualified as a Fellow of the Institute and Faculty of Actuaries in 1988. He has worked in life insurance since 1986 in a variety of actuarial, with profits and financial management roles and is currently the Actuarial Function Holder for Standard Life plc's UK-regulated insurance companies. He has been a member of, or chaired, a number of Actuarial Profession working parties, and held a variety of leadership positions within the UK Profession, the latest ones being, until recently, chair of the Life Practice Executive Committee and a Vice-President of the Faculty.
Dr Oonagh McDonald CBE		Dr McDonald is currently Complaints Commissioner for the London Metal Exchange, ICE Futures and ICE Clearing and is an international consultant in financial regulation. She has been a director of the Financial Services Authority (and its predecessor the Securities and Investments Board), the Investors Compensation Scheme, the Financial Ombudsman Service and the General Insurance Standards Council. She was a director of Scottish Provident until it was demutualised and sold to Abbey National in 2001; and then of Skandia Insurance Company Ltd, followed by British Portfolio Trust. Prior to working in the field of financial regulation, she was Member of Parliament for Thurrock, Essex until 1987, and was Treasury and Civil Service spokesman. She has a PhD in philosophy and was a lecturer in philosophy at Bristol University. She is also the author of several books and monographs, including The Future of Retail Banking in Europe: A View from the Top, 2002. She was awarded the CBE in 1998 for services to financial regulation and business.
Sir Derek Wanless		After taking a first class maths degree at Cambridge in 1967, Sir Derek joined NatWest, where he rose to be Group CEO, retiring in 1999. He is Chairman of the Longevity Science Advisory Panel established by Legal & General Group plc. He led reviews of long term trends in the NHS and of public health for the Chancellor of the Exchequer, publishing reports in 2002 and 2004. In 2006, he completed a report on social care for older people for the King's Fund and in 2007 he produced, for the King's Fund, a report reviewing health services since 2002. He was knighted for public service in 2005.

Observers
Jon-Paul Brett		Private Pensions Policy, Department for Work and Pensions
Seamus Creedon		Groupe Consultatif Actuariel Europeen
Tim Keogh		The Pensions Regulator
Sir Philip Mawer		The Actuarial Profession
Paul Sharma		Director of Wholesale Prudential Policy, Financial Services Authority
James Templeton		Head of Institutional Investment, H M Treasury