The introduction of age discrimination legislation in the proposed UK Equality Bill could result in requirements that are not workable in practice, the Actuarial Profession says.
The Faculty of Actuaries’ consultation survey and the Institute of Actuaries’ in-principle vote, both relating to a proposed merger between the Faculty and the Institute, closed on Friday, 8 August. The outcome is now announced.
This year's conference for newly or almost qualified actuaries will highlight the need for 'softer skills' alongside traditional technical skills. The change reflects the increased demand for actuaries in new areas of finance such as enterprise risk management.
New Institute of Actuaries President Nigel Masters FIA highlighted the significant changes ahead for the actuarial profession in his presidential address in London yesterday. Areas of change identified in his speech included: globalisation; merger; changes in insurers and pensions; corporate governance and quantitative risk analysis.
Banks failed to adequately implement risk management systems in the lead up to the credit crunch, delegates at the Actuarial Profession's Finance, Investment and Risk Management (FIRM) Convention in Manchester heard.
The significant increase in pension buyouts seen in early 2008 was forecast to continue at The Actuarial Profession's Finance, Investment and Risk Management Convention (FIRM).