Spence & Partners, the UK actuaries and consultants, today announced it has achieved the Quality Assurance Scheme (QAS) accreditation from the Institute and Faculty of Actuaries (IFoA).
Scott Cameron, Actuarial Function Head at Spence & Partners, commented: “At Spence we have a culture of continual improvement and saw this assessment as an opportunity to step back and challenge our processes and procedures against a clear set of outcomes. Quality assurance is a central part of our ethos and the principles of QAS fit very well with our overall strategy. We wanted to be at the forefront of this new initiative and it is an honour to be amongst the first tranche of organisations to receive this independent recognition that demonstrates the procedures we have in place deliver quality outcomes for our clients. It is a great recognition for all the firms who have achieved accreditation.”
QAS is a voluntary accreditation scheme for organisations that employ one or more members of the IFoA. In order to obtain QAS status, an organisation must demonstrate their commitment to assurance of the quality of actuarial work and comply with the standard APS QA1*. The suitability for accreditation is then assessed by an independent team and subcommittee.
*Taken from IFoA website https://www.actuaries.org.uk/upholding-standards/quality-assurance-scheme-qas