News
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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 >>
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Jane Curtis, Immediate Past President of the Institute and Faculty of Actuaries comments on the introduction of auto-enrolment in the UK
“Auto-enrolment is a positive step forward in the battle to encourage individuals to save for their retirement. However by effectively helping individuals to save without realising it there is the danger that they may sleepwalk into retirement without ... read more >>
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Institute and Faculty of Actuaries team up with Scottish Financial Risk Academy (SFRA) to launch the ARC
Based in Scotland, the ARC has been established to create a bridge between actuarial research and business and is anticipated to become an international centre for the furthering of actuarial science. The ARC’s launch was announced at a reception to ... read more >>
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New Chair of Audit and Governance Committee
Iraj was, until 2010, a senior partner with Deloitte and spent the entirety of his 30 year career as an accountant with them. Since leaving Deloitte, he has become a trustee of the National Employment Savings trust, sitting on both its Audit and Investment ... read more >>
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Summary of Changes to the PC Scheme and related documents effective from 1 September 2012
The new PC Scheme came into effect on 25 January 2012 and by the mid-year, over 500 applications had been processed under it. The feedback received has been helpful in identifying a number of areas where further information could be provided to ... read more >>
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Philip Scott becomes president of the Institute and Faculty of Actuaries
Philip is a non-executive director of the Royal Bank of Scotland and of Diageo plc. Over his 37 years in the financial services industry Phillip was Chief Executive of Aviva International and Norwich Union Life, and was Chief Financial Officer of Aviva ... read more >>
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Institute and Faculty of Actuaries commends Industry Working Group's Code of Good Practice to its members
The Institute and Faculty of Actuaries is supporting the new Code of Good Practice relating to Incentive Exercises, including Enhanced Transfer Values (ETVs) which was published today by an Industry Working Group, which included the Institute and Faculty ... read more >>
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Past President of Institute and Faculty of Actuaries, Ronnie Bowie, lays out roadmap for new sustainable pension system at Brighton Pensions Conference
Speaking in Brighton today at the Institute and Faculty of Actuaries Pensions Conference Ronnie Bowie, past president of the Institute and Faculty, addressed an audience which included Shadow Pensions Minister Greg McClymont and Mark Hyde Harrison from the ... read more >>
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The Actuarial Profession Comments on PPI Extending Working Lives Research: "We now have a clear view of the problems that await the over 50's facing retirement, so it is time for all relevant bodies to sit around the table and identify solutions".
Jane Curtis, President of the Institute and Faculty of Actuaries comments: “We welcome this research which has provided new and updated data that helps to identify the problems that await the over 50s as they reach state pension age, and that policy ... read more >>
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Employer Covenants research project - Call for research
The Institute and Faculty of Actuaries is commissioning a research project on the topic of how employer covenants are best taken into account when assessing the capital supporting Institutions of Occupational Retirement Provision (IORPs). ... read more >>
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Huw Evans from the Institute and Faculty of Actuaries comments on today's statement from the Pensions Regulator regarding funding in the current environment for defined benefit pension schemes
"The statement makes it clear that the scheme funding regime has the flexibility to remain fit for purpose even in extreme conditions, and that trustees and employers should look for evidence based solutions to address the risks that they face. ... read more >>
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Singapore university receives accreditation from Institute and Faculty of Actuaries
The Institute and Faculty of Actuaries signed an agreement on Friday 20 April 2012 that will make it simpler for NTU actuarial science graduates to gain exemptions from the first eight of 15 professional examinations that the institute requires for ... read more >>
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David Hare to become Institute and Faculty of Actuaries President-elect for 2012-2013
A specialist in life insurance, Dr Hare is shortly to become a partner with Deloitte following a career with Scottish Mutual, Abbey National and, latterly, Standard Life. ... read more >>
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Actuarial Profession appoints Public Affairs Director
Paul has extensive experience in corporate communications within a range of complex environments and cultures. ... read more >>
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FTSE Indices Data
FTSE UK Index Series FTSE UK Gilts Index Series FTSE Global Bond Index Series FTSE Global Equity Index Series ... read more >>
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Masterclasses and Professional Skills events
Professional Skills Helping members understand, in practical terms, how the Actuaries' Code is integral to their working lives. Topics as diverse as Whistleblowing, ETVs, Conflicts of Interest and the Law will be covered in this stream.Forthcoming ... read more >>
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New society to give boost to Northern Ireland’s actuaries
The society is aimed at actuaries Northern Ireland and further afield including students training to become actuaries on the Queen's university management school's Actuarial Science and Risk Management degree. ... read more >>
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Advice on completing Schedules of Contributions
The omission of some or all contributions to DC sections. Regulation 10 of the Scheme Funding regulations is clear that all contributions to a scheme (other than voluntary contributions) must be included in a schedule. Payments in respect of ... read more >>
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Improved mortality rates lead to 20,000 fewer deaths in 2011
Put simply, this means that there have been 20,000 fewer deaths last year than would have been expected if the mortality rate hadn’t seen this improvement. The 4% improvement marks an upturn of the average rate of improvement of 2.4% over the 10 years to ... read more >>