Redington awarded QAS accreditation for actuarial work and analysis

Redington, the leading independent investment consultant, has been awarded the Quality Assurance Scheme (QAS) accreditation by the Institute and Faculty of Actuaries (IFoA) for the quality of its actuarial work and analysis.
In order to gain accredited status, the Institute of Chartered Accountants in England and Wales (ICAEW) undertake a rigorous independent assessment of a firm’s working environment, culture and procedures, meeting different members of the team and providing a holistic examination, giving clients confidence in the quality of the actuarial work and professionalism of those accredited.
The accreditation symbolises Redington’s commitment to the importance of actuarial skills and providing clients with an integrated skill set across the business. The firm currently employ 10 fellows and 8 student actuaries, all of whom play a key role in the business’s goal to help make 100 million people financially secure.
Redington has seen a significant increase in demand for coherency across Investment, actuarial and covenant advice, as the overlap between investment work and traditional actuarial work becomes blurred and clients look for a more integrated approach from providers.
The firm recently appointed Adam Jones to the newly created role of Chief Technology Officer [LINK TO PR], another important step as it continues to put technology at the forefront of the business and harness the power of digital innovation for the benefit of the firm and its clients.
On the accreditation, the QAS report said: “Our interviews with staff and reviews of documentation demonstrated that individuals and teams in the firm work very well together in a collaborative and supportive environment. This is particularly valuable given the firm’s growth plans.”
Commenting on the accreditation, Steven Yang-Yu, Head of Asset Liability Management, said “Having always invested heavily in our systems, processes and controls, we are pleased that we have met the high standards set by the QAS process. As part of our systems evolution, we are migrating our processes from spreadsheet to central storage and cloud-based analytics. We are delighted the IFoA were able to independently verify that we are delivering a system and set of processes that can satisfy stringent external examination.”