News
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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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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 >>
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Congratulations to Professor Mary Hardy, recipient of the Finlaison Medal
David Hare told the audience that; “This award reflects the significant contribution that Professor Hardy has made and continues to make to the Profession in education, research, translation of research into practice and governance in furthering these ... read more >>
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Data from the Institute and Faculty of Actuaries shows whiplash type claims continue to increase despite Police statistics showing a decrease in road accident injuries
Frequency of third party injury (TPI) claims increased by 6% Police data shows 20% decrease in number of accidents involving injuries since 2006 whilst Institute and Faculty of Actuaries data shows 40% increase in TPI claims TPI claim hotspots in ... read more >>
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Jane Curtis, from the Institute and Faculty of Actuaries comments on the Pension Regulators (TPR) Defined Benefit (DB) scheme funding analysis report which is published on the 11th October
“It is helpful that the Regulator has conducted this analysis which highlights how the funding position of schemes is impacted by the current economic environment. “We are pleased to see the regulator emphasising the flexibility within the funding regime ... 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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Exam papers, September 2012 session
Click here to access the exam papers currently available. ... read more >>
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CA3 Communications: retaker exam
The online retaker exam is now available to UK based students as well as overseas students, and we have greatly expanded the programme to cope with demand. There is a minimum IT technical specification required for you to be able to take this exam online, ... 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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Launch of the Actuarial Research Centre (ARC)
Our host MSP, Mark McDonald, welcomed the audience and outlined some of the areas where the Profession has already been interacting with politicians at the Scottish Parliament and said that they would welcome any input from the Profession, which aligns to ... read more >>