News
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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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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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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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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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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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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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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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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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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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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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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 >>
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Actuaries recognise Enterprise Risk Management Thought Leaders
The Institute and Faculty of Actuaries is to award ten actuaries with the Chartered Enterprise Risk Actuary (CERA) qualification in recognition of their exceptional roles as thought leaders in the field of enterprise risk management. ... read more >>
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Sue Elliott of The Institute and Faculty of Actuaries comments on the Government’s Social Care White Paper (and draft bill) and Progress report on funding published today
• Clarity is required on the financial commitment required by individuals and the State • This will help individuals plan for pensions and care holistically Sue Elliott, of the Institute and Faculty of ... read more >>
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Important message regarding your subscription renewal 2012/2013
If you have not received a subscription letter, please click on the link below to download a subscription letter, and complete and return the remittance advice form to the membership team at the Edinburgh address or by email: ... read more >>
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New Chair of Audit and Governance Committee
Iraj was, until 2010, a senior partner with Deloitte and spent the entirety of his 30 year career as an accountant with them. Since leaving Deloitte, he has become a trustee of the National Employment Savings trust, sitting on both its Audit and Investment ... read more >>
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Data from the Institute and Faculty of Actuaries shows material worsening of bodily injury claims experience
• Staggering 18% increase in proportion of accidents involving bodily injury • £400m estimated extra cost to insurance industry • Clear correlation between injury hotspots and claim management company ... read more >>
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Summary of Changes to the PC Scheme and related documents effective from 1 September 2012
The new PC Scheme came into effect on 25 January 2012 and by the mid-year, over 500 applications had been processed under it. The feedback received has been helpful in identifying a number of areas where further information could be provided to ... read more >>