News

Article date:
02 August 2013

September exams for subjects CT5, CT7 and ST5

For these three subjects we are undertaking a further trial of the electronic marking of exam scripts. Our aim is to investigate the benefits of electronic script marking to see whether or not this is a solution for the future. What does this mean for ... read more >>

Article date:
31 July 2013

IFoA response to Transport Select Committee report released today

"If measures to reduce fraud and exaggeration were successful, these could lead to reductions in insurance claim costs of 3–15%.  However these decreases could soon be offset by inflation in compensation for other types of claim, which is currently ... read more >>

Article date:
15 July 2013

David Hare, President of the Institute and Faculty of Actuaries (IFoA) comments on the PPIs research on UK Pensions Tax Relief released today.

“The report highlights evidence to support the view that higher rate tax payers do best out of the present system. ... read more >>

Article date:
11 July 2013

Exam entry for September 2013

You can login to your personal account to register online. The entry forms will be available shortly and you will be able to download these from the Exam registration page once available. The closing dates will be: 5 August 2013 for those sitting at ... read more >>

Article date:
11 July 2013
Article date:
10 July 2013

Open forum: Pensions Policy Institute: Pensions tax relief in the UK

This is a Chatham House Rules event, open only to IFoA members and a small number of select stakeholder guests. You will see the results of this research in the news, so don't miss this rare chance to hear the reactions of the Treasury. This event will be ... read more >>

Article date:
01 July 2013

IFoA research suggests that third party motor property damage case estimates are too low and a late rise in claims farming for 2010 injuries

The Institute and Faculty of Actuaries (IFoA) has released its 4th annual report looking at ‘third party injury (TPI) and third party damage (TPD) UK motor insurance claims data’. The report collates and analyses data from across the motor insurance ... read more >>

Article date:
01 July 2013

IFoA research shows a reduction in ‘white van man’ third party personal injury claims in 2012, but they still have more than private car drivers

The Institute and Faculty of Actuaries (IFoA) has released its 4th annual report looking at ‘third party injury (TPI) and third party damage (TPD)** UK motor insurance claims data’. The report collates and analyses data from across the motor insurance ... read more >>

Article date:
01 July 2013

2013 research from IFoA shows number of whiplash* motor insurance claims continued to increase in 2012

The Institute and Faculty of Actuaries (IFoA) has released its 4th annual report looking at ‘third party injury (TPI) and third party damage (TPD) UK motor insurance claims data’. The report collates and analyses data from across the motor insurance ... read more >>

Article date:
25 June 2013

Incoming President of IFoA looks to " ... ramp up our relevance"

"Actuaries have a key role to play in business and in public policy, in the UK and internationally. Last year the IFoA’s research on motor insurance claims led to a request for us to present evidence to the Transport Select Committee. Our research on the ... read more >>

Article date:
21 June 2013

Exam timetable for the 2014 exams

The sessions will run from Tuesday 22 April to Friday 2 May 2014, and Monday 22 September to Friday 3 October 2014 More information is available on the Important dates page. ... read more >>

Article date:
17 June 2013

Institute and Faculty of Actuaries comment on EIOPA Long-Term Guarantees Assessment

“The IFoA believes that the expertise of actuaries, in understanding the risks associated with insurance business and all other aspects of Enterprise Risk Management, can provide important insight to the ongoing discussions around how best to achieve the ... read more >>

Article date:
05 June 2013

Editor vacancy - The Actuary magazine

The current editor of The Actuary magazine is stepping down later this year, and SIAS are looking for a highly-motivated and enthusiastic successor to lead the editorial team of the magazine. This is a challenging role and we require a volunteer with ... read more >>

Article date:
21 May 2013

The Institute and Faculty of Actuaries comments on the Transport Select Committee's investigation into whiplash claims

"The Transport Select Committee is undertaking an investigation into such claims and the Justice Secretary has stated his intention to reform small injury claims. The increased frequency of small claims, particularly for whiplash injuries, and the ... read more >>

Article date:
08 May 2013

Exposure Draft 30 - Quality Assurance Scheme for Organisations

The consultation document, together with details of how to respond, can be found here or by going direct to the questionnaire.   The supporting documents can be downloaded separately from the Consultations and Discussion page of the website.The ... read more >>

Article date:
22 April 2013

Nick Salter to become Institute and Faculty of Actuaries President-elect for 2013-14

Nick has been an active volunteer within the IFoA for a number of years in roles ranging from Assistant Examiner, to Chairman of the Member Support Executive Committee.  Nick was elected to the Council of the combined body in 2011 having served on the ... read more >>

Article date:
10 April 2013

Institute and Faculty of Actuaries statement on EIOPA QIS results

Jane Curtis, Immediate Past President of the Institute and Faculty of Actuaries, today commented,   “The Institute and Faculty of Actuaries (IFoA) welcomes EIOPA’s publication of the preliminary QIS results.  We note that there is much more work ... read more >>

Article date:
10 April 2013

Institute and Faculty of Actuaries statement on GMP Equalisation

Jane Curtis, Immediate Past-President of the Institute and Faculty of Actuaries (IFoA), commented on the DWP’s interim consultation response,   “The IFoA recognises the complex issues affecting the equalisation of GMPs, which were illustrated in the ... read more >>

Article date:
24 April 2013

New Honorary Fellow Elected

John, a well known figure in the risk management field, has shown clear evidence of thought leadership through his work in mainstream actuarial work; through his interactions with the IFoA and with academia, and through the innovation that he has brought ... read more >>

Article date:
24 April 2013

CMI publishes Working papers 65 and 66

It has also issued Working paper 65, an analysis of the mortality experience of the underlying dataset. Note: these papers are available to Authorised users only. Working papers 65 and 66 More details of recent changes to the CMI  ... read more >>