Identity area
Reference code
Title
Date(s)
- 1951-2013 (Creation)
Level of description
Extent and medium
0.42 linear metres
Context area
Name of creator
Biographical history
The Association of Consulting Actuaries (ACA) is the representative body for consulting actuaries. The Association was first formed as the Society of Consulting Actuaries in November 1951, and re-named as the ACA in March 1952. The members of the Association are all individual actuaries who work in the consulting sector, and are mainly qualified through membership of the professional body for actuaries, the Institute and Faculty of Actuaries.
The ACA was first proposed by Reginald Maudling, senior partner of Watsons, and James Bacon, senior partner of Bacon and Woodrow, as a way of ensuring that independent consulting actuaries were represented to both employers operating pension schemes for their staff and the government. In the 1950s independent actuaries were competing with large insurance firms to provide advice to employers, and collecting together as an association was seen as a way of raising independent consultants' status and making employers' aware that they were a source of disinterested professional advice. An association would also be able to provide a collective voice for consultant actuaries to government, who were increasingly interested in monitoring and controlling pension schemes in the 1950s. Maudling and Bacon were made joint Presidents at the ACA's foundation.
The ACA continues to promote the services provided by consulting actuaries and provide independent advice to decision makers on the need for and implications of legislative change in relevant areas, including responding to government consultations and publishing Parliamentary Pension Briefs for the benefit of MPs. The ACA also acts as a forum for exchanging relevant information among its members and exchange information with other organisations operating in the same fields. The ACA also publishes regular surveys of the pensions industry.
The ACA hold regular 'ordinary' or 'sessional' meetings of members, traditionally held at St. Ermins Hotel, Westminster, where matters of common interest are discussed.
The ACA is run by a Chairman and committee. Sub-committees, or technical committees, were set up to carry out specific tasks or monitor a particular area affecting actuaries. Since 1992 a secretariat has been employed to provide administrative services for the ACA. The ACA have been based at the following locations: Norfolk House, Wellesley Road, Croydon (1991); 1 Wardrobe Place (1992-2001); Wanford Court, 29 Throgmorton Street (2005-2008); St. Clement's House, 27-28 Clement's' Lane (2009-2013); and 45 King William Street (2013-).
Repository
Archival history
GB 0074 LMA/4631 1951-2013 Collection 0.42 linear metres Association of Consulting Actuaries , 1952-
Society of Consulting Actuaries , 1951-1952
The Association of Consulting Actuaries (ACA) is the representative body for consulting actuaries. The Association was first formed as the Society of Consulting Actuaries in November 1951, and re-named as the ACA in March 1952. The members of the Association are all individual actuaries who work in the consulting sector, and are mainly qualified through membership of the professional body for actuaries, the Institute and Faculty of Actuaries.
The ACA was first proposed by Reginald Maudling, senior partner of Watsons, and James Bacon, senior partner of Bacon and Woodrow, as a way of ensuring that independent consulting actuaries were represented to both employers operating pension schemes for their staff and the government. In the 1950s independent actuaries were competing with large insurance firms to provide advice to employers, and collecting together as an association was seen as a way of raising independent consultants' status and making employers' aware that they were a source of disinterested professional advice. An association would also be able to provide a collective voice for consultant actuaries to government, who were increasingly interested in monitoring and controlling pension schemes in the 1950s. Maudling and Bacon were made joint Presidents at the ACA's foundation.
The ACA continues to promote the services provided by consulting actuaries and provide independent advice to decision makers on the need for and implications of legislative change in relevant areas, including responding to government consultations and publishing Parliamentary Pension Briefs for the benefit of MPs. The ACA also acts as a forum for exchanging relevant information among its members and exchange information with other organisations operating in the same fields. The ACA also publishes regular surveys of the pensions industry.
The ACA hold regular 'ordinary' or 'sessional' meetings of members, traditionally held at St. Ermins Hotel, Westminster, where matters of common interest are discussed.
The ACA is run by a Chairman and committee. Sub-committees, or technical committees, were set up to carry out specific tasks or monitor a particular area affecting actuaries. Since 1992 a secretariat has been employed to provide administrative services for the ACA. The ACA have been based at the following locations: Norfolk House, Wellesley Road, Croydon (1991); 1 Wardrobe Place (1992-2001); Wanford Court, 29 Throgmorton Street (2005-2008); St. Clement's House, 27-28 Clement's' Lane (2009-2013); and 45 King William Street (2013-).
Deposited in February 2013.
Records of the Association of Consulting Actuaries, 1951-2013, including minutes of the main committee, sessional meetings and annual general meetings, 1951-2003, and various publications, including annual reviews, Parliamentary Pensions Briefs, survey reports, histories and a fiftieth anniversary dinner souvenir programme.
LMA/4631/A: COMMITTEES AND MEETINGS
LMA/4631/B: PUBLICATIONS
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Copyright rests with the depositor.
English
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Added April 2013. Social security Pensions Occupational pensions Information sciences Communications media Publications Organizations Associations Professional associations People People by occupation Personnel Legal profession personnel Actuaries Social services Actuarial work Insurance Finance Association of Consulting Actuaries City of London London England UK Western Europe Europe Croydon Surrey
Immediate source of acquisition or transfer
Deposited in February 2013.
Content and structure area
Scope and content
Records of the Association of Consulting Actuaries, 1951-2013, including minutes of the main committee, sessional meetings and annual general meetings, 1951-2003, and various publications, including annual reviews, Parliamentary Pensions Briefs, survey reports, histories and a fiftieth anniversary dinner souvenir programme.
Appraisal, destruction and scheduling
Accruals
System of arrangement
LMA/4631/A: COMMITTEES AND MEETINGS
LMA/4631/B: PUBLICATIONS
Conditions of access and use area
Conditions governing access
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Conditions governing reproduction
Copyright rests with the depositor.
Language of material
- English
Script of material
- Latin
Language and script notes
English
Physical characteristics and technical requirements
Finding aids
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
Allied materials area
Existence and location of originals
Existence and location of copies
Related units of description
Notes area
Alternative identifier(s)
Access points
Place access points
Name access points
Genre access points
Description control area
Description identifier
Institution identifier
Rules and/or conventions used
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Status
Level of detail
Dates of creation revision deletion
Language(s)
- English