News
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Staple Inn Actuarial Society sundial unveiled
The sundial was presented to the Profession at 12 noon on Thursday 28 February by SIAS Chairman, Martin Pike, and received by Philip Scott, President of the Institute and Faculty of Actuaries. It is situated on the wall of Staple Inn Hall, facing out ... read more >>
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David Hare from the Institute and Faculty of Actuaries comments on the social care proposals announced on Monday and suggests that now is the right time to consider how pensions and long term care savings can be better linked
"Actuaries are one of the few professions that span the pensions, insurance and health care industries and the Institute and Faculty of Actuaries believes it will be beneficial for individuals if long term financial planning could be more holistic. We ... read more >>
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CMI publishes CMI_2012 Mortality Projections Model
It is accompanied by Working paper 63, which illustrates the impact of incorporating the latest England and Wales population mortality dataset into the model. On this occasion there are two elements to updating the dataset; incorporating revised population ... read more >>
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No improvement in mortality rates in 2012
The total number of deaths in England and Wales in 2012 was 499,000, some 15,000 more than in 2011. Put simply, this means that there have been MORE deaths last year than in any of the previous three years. For the combined male and female population, ... read more >>
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New research from the Institute and Faculty of Actuaries shows that continuing to ignore resource constraints may have substantial financial, political and social costs
The research found that the evidence for resource constraints is significant and that these constraints are not presently factored in to decision making by actors* for the global economy or business leaders in a meaningful and proactive fashion. At present ... read more >>
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Chartered Enterprise Risk Actuary (CERA) - launch of the Verifiable Experienced Practitioner (VEP) award
Since 2010, the Institute and Faculty of Actuaries has been permitted to award the Chartered Enterprise Risk Actuary (CERA) qualification to its Associates and Fellows who have passed the ST9 Enterprise Risk Management (ERM) Specialist Technical ... read more >>
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Exam entry now open
Login to your personal account or download and send us an application form. There are still places available on the CA3 Communications online practical exams. Unfortunately we can't take bookings for these via the website, so please send in an application ... read more >>
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CPD year 2012/2013 - 30 June deadline
Have you made use of the CPD material available online? As part of our commitment to member support, the Institute and Faculty of Actuaries is working to deliver ongoing improvements to the CPD services which we provide to you, to enable you to enhance ... read more >>
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Professional Standards Directory - Update 27, issued 29 January 2013
APS D1: Investment Related Business Activities for Authorised Professional Firms APS D1 has been updated and Version 2.0 comes into effect on 1 March 2013.AS TM1: Statutory Money Purchase Illustrations – Version 3.0 ... read more >>
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"The Devil is in the detail". David Hare of the Institute and Faculty of Actuaries comments on the published White Paper on State Pensions Reform
“Yesterday’s white paper puts forward radical proposals to the present state pension system which if implemented should provide much needed clarity for individuals planning their retirement income, thanks to the proposed single flat rate state pension of ... read more >>
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Actuarial Standard TM1 updated
A revised version of actuarial standard TM1 (AS TM1) has just been published by the FRC (v3.0 December 2012). ... read more >>
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Exam results, September 2012 exams
Lists published on 7 December: CT subjects Certificate in financial mathematics. Subject CT1 sat by non-members You do NOT need to login to view these lists. Links to the lists will also be available on the exam results page. ... read more >>
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Annual Maths Challenge proves there are many talented young mathematicians in Scotland
Two hundred and forty bright, math-smart pupils, aged between 12 and 15, took part in the competition, which consisted of a series of mathematical challenges set across the course of a day. Each team included 4 pupils, of which just two could hail ... read more >>
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Commenting on the Government’s paper on reinvigorating workplace pensions, Jane Curtis from the Institute and Faculty of Actuaries said:
“We welcome the Government’s announcement today and the Minister’s commitment to encouraging high quality pension provision that people can understand, trust and have confidence in. “Recently published research from the Institute and Faculty ... read more >>
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Past President, Jane Curtis, interviewed by Norma Cohen, FT
Watch Jane's interview at: http://video.ft.com/v/2029750691001/Smoothing-risk-to-taxpayers ... read more >>
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Institute and Faculty of Actuaries' comments on the Chancellor's Autumn Statement
"The announcement demonstrates that the Government is not only listening to the concerns of interested parties, but that it is also committed to working with those parties to produce workable solutions. "A balance must be struck between the needs of ... read more >>
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New actuarial training modules for Micro-insurance businesses in developing countries launched in Dar Es Salaam, Tanzania
8 November 2012, Tanzania: The Institute and Faculty of Actuaries, the UK based chartered international professional body for actuaries, launched a suite of Actuarial Training Modules aimed at helping businesses providing Micro-insurance in the developing ... read more >>
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Consultation Paper Mortality and Morbidity Studies at the Institute and Faculty of Actuaries
Council has identified the growing importance of longevity risk to many financial entities and the increased number of providers of demographic experience analysis. In response, a working group was set up to make recommendations on how the Profession ... read more >>
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Review of the Continuous Mortality Investigation
More detail on the changes An article providing an overview of the changes was published in the November issue of The Actuary magazine. ... read more >>
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Research from the Institute and Faculty of Actuaries could pave the way for guaranteed pensions
In April of this year Pensions Minister Steve Webb announced that he wanted pension providers to come up with schemes that offer a “Money-back” guarantee to return the nominal value of a worker's contributions – in other words, workers getting back at ... read more >>