Movers and shakers w/e 5 January 2024

ACA sets up AI steering group

The Association of Consulting Actuaries has set up a steering group to consider how consulting actuaries should respond to the challenges and opportunities of AI. The group will also develop ethical standards.

Alex Waite, partner at LCP, will chair the group and has members from Aon, Barnett Waddingham, Buck (a Gallagher company), Isio, Mercer, and XPS.

Alex Waite, AI steering group chair, commented: “AI and how it’s used is growing and changing daily. Opinion is divided on how AI will evolve our roles and ultimately our society. Regardless, it is clear that it is here to stay and as an industry we need to respond to these changes.

“There are clearly many benefits that AI has that will make our jobs more efficient and help us to deliver better results for our clients.”

“The aim of this group will be to help consulting actuaries better understand the impact of AI on our work and to develop some ethical standards to help us all navigate this new and emerging field.”

Aptia hires Chris Rayner

Chris Rayner has joined new pensions, health and benefits administrator Aptia as chief financial officer. Rayner’s appointment coincided with Aptia’s first day of business in December 2023. He will report to Bala Viswanathan, Founder & Group CEO of Aptia.

Rayner joins Aptia from Just plc, where he was group financial controller. Before this, he worked alongside several other Aptia executives at JLT.

Bala Viswanathan said: “Chris is yet another very important hire for us as we continue to strengthen our senior leadership team.”

“We are extremely passionate about teamwork and ensuring Aptia is a collaborative, supportive and growth-focussed organisation and that starts with the senior leadership team.”

Alex Anslow joins Sackers

Law firm Sackers has recruited Alex Anslow as an associate director. He trained and qualified at Hogan Lovells, and joins Sackers after nine years at the Pensions Regulator and in government, where he was head of private pensions policy at HM Treasury.

Anslow worked on regulatory enforcement cases at TPR. He has also worked closely with the DWP to develop occupational pensions policy and with HMRC on pensions tax policy.

At Sackers, he will advise trustees, employers and providers on a range of issues, such as DB end-game options, GMP equalisation and master trust retirement propositions.