News
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Research strategy project
We are undertaking a review of our research strategy and invite your input. See the Strategy page for more information. ... read more >>
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Full results of the merger ballot between the Faculty of Actuaries and the Institute of Actuaries
Of those Faculty members who took part in the vote, 82.9% voted in favour of the resolution. Of those Institute members who took part in the vote, 82.5% voted in favour of the resolution. Ronnie Bowie, President of the Faculty, said: ‘We can now build a ... read more >>
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Actuaries to vote on future of the Profession
The Councils look forward to the vote on 25 May 2010 with conviction that a merger will provide the basis for a more modern organisation to represent actuaries worldwide, and to promote UK actuarial practice globally. The two bodies collectively represent ... read more >>
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Smoking ban could impact critical illness cover
Two UK actuaries today (13 May) share the latest research which shows a significant and sustained reduction in the incidence of medical conditions linked to smoking, such as heart attack and respiratory illnesses. They are speaking at the Actuarial ... read more >>
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Healthy men could get cheaper insurance
At the Actuarial Profession’s Health and care conference, 12-14 May 2010, Celtic Manor, Newport, Wales, two actuaries will say that by taking account of risky behavior, costs could be tailored to reflect lifestyle choices. ... read more >>
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News Alerts
To help keep you up to date in actuarial and related matters, the Libraries provide a weekly overview of recent news by practice area. Each article has a short description and a link to the full article. Please select a practice area below: ... read more >>
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PPF guidance on bulk transfers: announcement from the Actuarial Profession
The PPF allows this Post-Transfer Valuation to be based on an asset value that has not been audited, but nevertheless requires that the actuary certify that the value of the assets is unlikely to be overstated. Scheme Actuaries are reminded that, under ... read more >>
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New Chartered Enterprise Risk Actuary (CERA) qualification
The Profession's ST9 exam will be the basis for CERA status awarded by the UK Profession, and could also be used in the future by other national actuarial associations. ... read more >>
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Risk and investment conference, 2011. Research topics
Also please let us know if you have any other research suggestions. ERM topics Notify mark.symons@actuaries.org.uk ... read more >>
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Annals of Actuarial Science Vol 4 Part 2 published
Includes Guest Editorial 'Mathematics: curse or blessing' by H Schmidli and papers on 'Tax-efficient pension choices in the UK' by Paul Sweeting; 'Modelling income protection claim termination rates by cause of sickness' by S Y Ling, H R Waters and A D ... read more >>
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Worshipful Company of Actuaries receives royal charter
The presentation took place at a banquet in Mansion House on 26 April 2010 hosted by Sir John Stuttard, the Lord Mayor Locum Tenens, who was accompanied by Alderman and Sheriff David Wootton. It was attended not only by the Earl of Wessex, but also ... read more >>
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New CPD scheme, effective from 1 July 2010
The new scheme not only redefines the traditional Category 2 class of members but also introduces important changes to the requirements for those actuaries within Category 2. The regime, in place from July 2010, offers increased flexibility for members of ... read more >>
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Outcome of the merger vote, 25 May 2010
Press release Message to members from the President of the Faculty of Actuaries Message to members from the President of the Institute of Actuaries Sound recordings of both SGMs are available below: ... read more >>
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Conflicts of interest: discussion paper and questionnaire
The Profession seeks the views of actuaries and their employers, and other interested parties, including users of actuarial advice and regulators, about their experience of conflicts of interest to assist us in understanding the extent of the problems ... read more >>
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Subject CT7 Business economics. Updated textbook
The replacement 5th edition contains the same theory and has: An updated format More recent examples in a number of places - in particular, updating to include reference to the recent banking and credit crises The September 2010 paper has been drafted to ... read more >>
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Actuarial qualification is the ideal path for students considering a career in risk management
Actuaries are experts in risk, and the rise of risk management to the top of the financial services business agenda offers unprecedented career opportunities for the profession. Increasing regulation in actuaries’ traditional career areas of pensions and ... read more >>
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Call for 'radical overhaul' of funding of long-term care in the UK
In a workshop titled ‘Who cares?’ Reforming long-term care, University of Birmingham Health Services Management Centre co-director Jon Glasby said the current system placed an unfair burden on individuals. Professor Glasby said alternative methods of ... read more >>
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Effectiveness of 'wellness programmes' evaluated at conference
In a workshop session titled Wellness programmes and private medical insurance, Institute of Actuaries Fellow Emile Stipp spoke about the data from studies into the programmes used by private medical insurers in the UK and South Africa. The risk-adjusted ... read more >>
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Weak pound and strong manufacturing demand likely to lead UK toward winter recover, economist predicts
In a plenary session titled The Economy – Where are we now and how did we get here?, Mr Spencer, of the University of York, said the bailout had paved the way for a shorter and less dramatic breakdown than might have occurred in the financial sector. He ... read more >>
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Actuary urges new approach to financial modelling
In a workshop titled Financial Modelling Needs to Change in Light of the Credit Crunch, Institute of Actuaries Fellow Martyn Dorey, from CAMRADATA Analytical Services, said financial models should be based on an ‘economic clock’ rather than the calendar ... read more >>