News
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LLMA and Institute and Faculty of Actuaries seeks partners for research programme into longevity basis risk
The project is to develop a methodology to quantify the basis risk that arises from using population level mortality indices for managing the longevity risk in pension benefits or annuitant liabilities. We expect this work to be beneficial to a wide ... read more >>
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Exam entry closing dates, April 2013 exams
Exam entry for those sitting at centres overseas, or those applying to sit for the Certificate in Financial Mathematics, closed on 25 February. Late entries can not be accepted. ... read more >>
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Highland Senior Mathematics weekend
The key aims of the weekend are : to further foster and develop an enjoyment of mathematics through the application of advanced mathematics to real problems; to make students aware of the importance of mathematics, science and technology in business and ... read more >>
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Participate in research and testing to make the website work for you
We want to understand how the Profession can serve you better online. The Profession is currently redeveloping the website with a leading digital agency. User research and testing are central to the project and user research and testing sessions will ... read more >>
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Important changes to subject CA3 Communications
For your CA3 presentation and written exam you now have the option of booking to attend at a UK venue or taking it completely on-line. For study, all students entering for the exam will have access to the downloadable CA3Online application, which ... 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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Exposure Draft 29 - The Actuaries' Code
The consultation document, together with details of how to respond, can be found here or by going directly to the questionnaire. The closing date for response is 30 April 2013. Please note: The Actuaries' Code consultation meeting on 27 March in ... read more >>
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17th East Asian Actuarial Conference (EAAC), Singapore, October 2013: Call for papers
With a theme of Redefining risk, creating value, the conference organising committee has issued a call for papers. We would encourage members who think they might be in the region at that time and have suitable material, to submit papers for ... read more >>
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Changes to the CMI
All the CMI's existing publications, including the recently released CMI_2012 mortality projections model, remain in the open-access area of the website. However new publications will be for registered users only. Coming soon are new S2 ... read more >>
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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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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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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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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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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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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 >>