FRC welcomes Ann Muldoon as Director of Actuarial Policy

News types: Statements

Published: 2 November 2015

PN 63/15
The Financial Reporting Council (FRC) is delighted to welcome Ann Muldoon who today takes up the role of Director of Actuarial Policy. Ann will lead the development of the FRC’s strategy for actuarial standards and practice in the UK and its activities at EU and international level to monitor and influence actuarial regulation.

Ann Muldoon will join the FRC from Retirement Advantage (formerly MGM Advantage), where she was Chief Risk Officer. She brings a wealth of experience in risk management, implementation of new legislation and communication, including establishing an Enterprise Risk Management Framework for the Retirement Advantage Group and leading the Solvency II programme for Friends Life.

Melanie McLaren, Executive Director Codes and Standards at the FRC, said,

“I am very pleased to welcome Ann to the FRC. With the depth of her experience and knowledge of the actuarial landscape, I know that she will make a valuable contribution to our actuarial function. The FRC is currently pursuing a programme of activities to ensure that those who rely on the work of actuaries can be confident in the quality of that work and I am delighted that Ann will lead this vital programme as we develop our framework for standards.”

Notes to editors:

1.    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.
2.    The FRC is responsible for:
  • Setting and maintenance of Technical Actuarial Standards and Actuarial Standard Technical Memorandum 1; and

  • Oversight of the regulation of actuaries by the Institute and Faculty of Actuaries (IFoA).

The IFoA sets ethical and conduct standards for its members, subject to independent oversight by the FRC.

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