News
-
Longer working lives and adult education key to solving UK's pension’s problems, actuaries hear
In a plenary session, BESTrustees plc chairman Alan Pickering said better adult education opportunities were needed to enable older workers to remain in employment longer. He said: “We need to understand that there isn’t a solution to the longevity issue ... read more >>
-
Future of risk management discussed at Global Financial Crisis Seminar
Speakers at the seminar at Staple Inn covered financial modelling, systemic risk and the lack of commonsense in risk management in the past. Delegates included researchers, regulators, actuaries and mathematicians. Faculty of Actuaries President Ronnie ... read more >>
-
Actuarial Profession produces new mortality model to project increases in life expectancy
The assumptions on future rates of mortality are important in valuing the liabilities of pension schemes and life insurance companies. ... read more >>
-
Full results from Faculty Special General Meeting of 29 June 2009
The Faculty Council had recommended members to vote against the resolutions. Of the 1553 members of the Faculty eligible to vote, 213 participated in the vote with 53 of them attending the SGM. The results of the voting are below, as are the full texts of ... read more >>
-
Full results of the merger ballot between the Faculty of Actuaries and the Institute of Actuaries
The vote of each organisation took place at separate special general meetings on 23 July 2009: the Faculty at the Royal College of Physicians in Edinburgh and the Institute at Staple Inn Hall in London. ... read more >>
-
Record number of actuaries qualify
Dr Trevor Watkins, the Actuarial Profession's Head of Learning welcomed the news as a sign that the profession was buoyant. He said: ... read more >>
-
The lure of fool's gold, the madness of crowds and poor regulation helped lead to recession
In their discussion, Ronnie Bowie, President of the Faculty of Actuaries, Nigel Masters, President of the Institute of Actuaries and Paul Sweeting, Professor of Actuarial Science at the University of Kent examined the factors which led to the current ... read more >>
-
New code of conduct for actuaries launched
The code has five key principles: ... read more >>
-
European actuaries make proposals for Solvency II professional standards
The vast majority of those who will carry out the actuarial function under Solvency II will be qualified actuaries and members of the professional actuarial bodies which make up the Groupe. The Groupe proposes that there should be two main categories of ... read more >>
-
Implications of an ageing population need to be understood
This is the argument Professor Kaare Christensen will be presenting to an international conference on mortality and longevity in Edinburgh, 21 - 22 October 2009 hosted by the Actuarial Profession. ... read more >>
-
Lessons from the Scottish Enlightenment still resonate today
The lecture will consider the environment in which the Scottish Enlightenment flourished. Examining the tolerant Scottish society which allowed for comparative religious freedom and the importance of the international dimension, most notably between ... read more >>
-
Hyderabad Treaty launches new risk management credential globally
The launch was marked by Ronnie Bowie, President of the Faculty of Actuaries, and Nigel Masters, President of the Institute of Actuaries, signing a multilateral treaty in Hyderabad, India, during meetings of the International Actuarial Association ... read more >>
-
Scotland’s leaders have much to learn from our history, says leading mathematician
Sir Michael said: "The Scottish Enlightenment wasn't a one-off event, its cultural, social and intellectual legacy still resonates today and there are still vital lessons Scottish society can learn. I would argue that the most important lesson is the ... read more >>
-
Social inequalities and poor health impact on working life expectancy
The report, Increasing longevity and the economic value of healthy ageing and working longer, finds that those with the longest working life expectancy at age 50 have a higher standard of education, are home owners, married or co-habiting and in ... read more >>
-
Understanding of systemic risk vital to avoiding future financial crises
The paper, presented at a meeting of the Institute of Actuaries on 7 December 2009, shows just how risks materialising in one part of the financial system can have a widespread impact, affecting other financial markets and institutions and the broader ... read more >>
-
Principles of enterprise risk management of crucial importance to financial service providers
This is the message of a timely report, ERM for insurance companies - adding the investor's point of view, which will be presented to a sessional meeting of the Institute of Actuaries on Monday 25 January. The paper will examine how the fundamentals of ... read more >>
-
New asbestos report released
The findings of the working party include: ... read more >>
-
Members to vote on proposed merger
The detail of the merger package include: ... read more >>
-
Social inequalities and poor health impact on working life expectancy
The report, Increasing longevity and the economic value of healthy ageing and working longer, finds that those with the longest working life expectancy at age 50 have a higher standard of education, are home owners, married or co-habiting and in reasonable ... read more >>
-
Institute of Actuaries chooses new president-elect
Her election comes after nearly 30 years service to the profession, most notably in the fields of education and professional regulation. She said: “I am delighted to represent my profession in this capacity; it is both a great honour and a great ... read more >>