IFoA Brexit Employer Survey

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* 1. Please state your name and job title.

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* 2. Please state the name of the organisation you are responding on behalf of.

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* 3. What bests describes your organisation’s areas of work/specialism? Choose all that apply.

DC Pensions

DB Pensions

Health

Life Insurance

General Insurance

Investment

Finance

Risk

Other (please specify)

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* 4. How confident is your organisation that the UK will leave the European Union with a free trade deal on 31 December?

Very confident

Confident

Not confident

Don’t know

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* 5. How concerned is your organisation about the impact of leaving the EU on WTO rules?

Very concerned

Concerned

Not concerned

Don’t know

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* 6. If you answered either A or B to the above, why are you concerned? What particular aspects are concerning you? Answers to this question will provide us with additional areas for consideration when interacting with policymakers.

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* 7. Please describe any further action your organisation may be taking to protect itself from the potential risks of a leaving on WTO rules? Is your organisation developing any form of contingency planning in case a trade deal is not agreed?

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* 8. From a regulatory perspective and thinking about the lines of work that your organisation works across, where do you see opportunities for change or reform with regards to existing EU regulation or legislation that currently applies to UK businesses/financial services? Please provide examples and your rationale behind any proposed changes. In particular, we note HM Treasury’s plans to consult on the future of Solvency II in the UK this autumn. The IFoA intends to respond to this consultation in due course. Although we will develop the IFoA’s “house view” via relevant volunteer Boards/committees, wider feedback on priorities here would be welcome. More generally, your answers will be used to add further weight to existing IFoA policy positions

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* 9. Again, from a regulatory perspective and thinking about the lines of work that your organisation works across, are there any “red lines” or priority areas where you believe existing EU-based regulation and legislation needs to be either carried over or replicated on a UK basis, in order for your business to continue operating post-31 December 2020? Please provide examples and explain why these are important. Your answers will be used to add further weight to existing IFoA policy positions.

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* 10. What steps does the Government need to take during the negotiations to ensure you can continue to trade/sell products and services in the EU after 31 December?

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* 11. How far have you considered the impact of tariffs or increased customs costs on your business operations?

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* 12. To what degree have you assessed your capacity to change internal systems to ensure compliance with any new regulations and tax/customs changes?

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* 13. How far have you mapped your supply chain and assessed any exposure to your suppliers and customers? To what degree have you undertaken conversations with your suppliers and logistics partners to ensure continuity of supply?

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* 14. What proportion of your actuarial staff are EU nationals? Have you implemented any contingency planning should your organisation need to replace these staff as a result of the new immigration laws?

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* 15. From a staffing perspective, do you anticipate any challenges in terms of changes to the movement of people and access to high-quality actuarial expertise should a free trade deal not be agreed?

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* 16. How many of your staff are actively considering the impact of the trade negotiations on your organisation i.e. roles where monitoring the Brexit process and understanding its implications takes up a significant amount of their time?

IFoA Brexit Employer Survey

Question Title

* 1. Please state your name and job title.

Question Title

* 2. Please state the name of the organisation you are responding on behalf of.

Question Title

* 3. What bests describes your organisation’s areas of work/specialism? Choose all that apply.

Question Title

* 4. How confident is your organisation that the UK will leave the European Union with a free trade deal on 31 December?

Question Title

* 5. How concerned is your organisation about the impact of leaving the EU on WTO rules?

Question Title

* 6. If you answered either A or B to the above, why are you concerned? What particular aspects are concerning you? Answers to this question will provide us with additional areas for consideration when interacting with policymakers.

Question Title

* 7. Please describe any further action your organisation may be taking to protect itself from the potential risks of a leaving on WTO rules? Is your organisation developing any form of contingency planning in case a trade deal is not agreed?

Question Title

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* 10. What steps does the Government need to take during the negotiations to ensure you can continue to trade/sell products and services in the EU after 31 December?

Question Title

* 11. How far have you considered the impact of tariffs or increased customs costs on your business operations?

Question Title

* 12. To what degree have you assessed your capacity to change internal systems to ensure compliance with any new regulations and tax/customs changes?

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* 13. How far have you mapped your supply chain and assessed any exposure to your suppliers and customers? To what degree have you undertaken conversations with your suppliers and logistics partners to ensure continuity of supply?

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* 14. What proportion of your actuarial staff are EU nationals? Have you implemented any contingency planning should your organisation need to replace these staff as a result of the new immigration laws?

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* 15. From a staffing perspective, do you anticipate any challenges in terms of changes to the movement of people and access to high-quality actuarial expertise should a free trade deal not be agreed?

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* 16. How many of your staff are actively considering the impact of the trade negotiations on your organisation i.e. roles where monitoring the Brexit process and understanding its implications takes up a significant amount of their time?

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* 17. Where could the IFoA provide more assistance in helping your organisation understand and navigate the transition period?

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* 18. Which one single issue should the IFoA be lobbying the Government in the public interest on in relation to the trade negotiations?

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* 19. We may wish to contact you about your response. If you are happy for us to do so, please provide your email address and a contact number.