News
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Advice on completing Schedules of Contributions
The omission of some or all contributions to DC sections. Regulation 10 of the Scheme Funding regulations is clear that all contributions to a scheme (other than voluntary contributions) must be included in a schedule. Payments in respect of ... read more >>
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The need for better statistics in our schools and colleges
The report by education specialist, Roger Porkess, focuses on the ways statistics is taught and learnt in schools and colleges in England, with some evidence drawn from Wales and Northern Ireland. The aim of the report, and the underlying research, is to ... read more >>
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Public Affairs and Consultations Committee and Solvency II Steering Group
The Committee has been formed in line with the governance and infrastructure proposals within the public affairs strategy endorsed by Council and Management Board last year. Its purpose is to advance the achievement of the Profession’s public affairs ... read more >>
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Practical exams: new dates for 2012/2013
We apologise for the delay in releasing the dates but due to the Olympic Games taking place this year we have had to source other venues and rearrange locations. We will still continue to monitor demand and add extra exams where possible. The current ... read more >>
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New CMI working papers on income protection
The CMI has published Working papers 59 and 60 presenting an analysis of the experience of individual IP business for 1991-2006 using the latest graduations, IPM 1991-98, for the first time as the comparison basis. More information ... read more >>
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Subject CA3 online practical exam - development update
The online exam will be delivered through an application called CA3Online. This was successfully piloted in 2011, and gives students access to the pre-exam material and the exam within one online environment. The final development phase of the CA3Online ... read more >>
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More clarity and data would help the development of the long term care market
In its submission, the Institute and Faculty of Actuaries highlights a range of existing barriers to the development of financial products to address long term care needs. These include a lack of certainty and consistency of treatment towards public and ... read more >>
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Actuarial Profession appoints General Counsel
Dual qualified in England and Scotland, Mr Kemp has extensive experience in advising regulatory and professional bodies across a wide range of sectors. He is an experienced advocate, having appeared regularly before disciplinary tribunals of ... read more >>
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Congratulations to successful examination candidates
September 2011 saw 9503 entries for the Institute and Faculty of Actuaries’ examinations. The exams took place in a total of 129 centres world-wide and 4086 of these were sat overseas. Other practical exams take place throughout the year, and ... read more >>
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Update on the Actuarial Profession’s Conflicts of Interest Consultation
The Conflicts of Interest Working Party would like to thank everyone who has taken the time to provide comment on the proposals, as well as those who attended one of the consultation meetings. ... read more >>
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Comments on EIOPA CP-11/006. Response to call for advice on the review of Directive 2003/41/EC: Second consultation - IORP Directive
This is the consultation EIOPA has issued on revisions to the Institutions for Occupational Retirement Provision (IORP) Directive. The IORPs within scope can be defined broadly as all funded defined benefit and defined contribution pension schemes. A copy ... read more >>
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Why life expectancy figures don’t always tell the whole story
This is one of the key messages from Issue 02 of the Institute and Faculty of Actuaries’ Longevity Bulletin, published today. ... read more >>
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Actuarial Profession Appoints Chief Executive
Mr Cribb is a Chartered Accountant and he has broad experience, having carried out a range of strategy, operations, and financial roles. He has worked in a wide variety of businesses in the commercial and not for profit sectors, including ... read more >>
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CMI library of mortality projections
The CMI has published version 1.3 of the CMI library of mortality projections, containing 22 additional projections, including the ONS 2010-based National Population Projections. See: CMI library of mortality projections for further details. ... read more >>
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New structure for Professionalism courses
From February 2012 the current 1-day Associate Course and 2-day New Fellows courses will be replaced by a choice of: a 1-day face-to-face event where, in addition to other features, participants will work through mini case studies both generic and ... read more >>
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Enhanced transfer values and pensions increase exchange exercises
The Institute and Faculty of Actuaries’ approach to ETVs and PIEs The Institute and Faculty of Actuaries does not have any direct regulatory role in this area but our public interest remit does lead us to consider what we can do to ... read more >>
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New research shows wide regional variations in bodily injury claims, with North-West England the top hot spot
The research shows that these claims hotspot areas match areas with the highest concentration and activity of claims management companies. In general, more claims management companies means more personal injury claims. ... read more >>
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Findings from the 2011 student education survey
Key highlights The response rate was 8% of which three quarters were in the UK. The largest group answering had been students for 1-3 years. For finding out information, the majority of students use the website although there were several comments about ... read more >>
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Volunteers sought to assist with the implementation of the Profession's new strategy
A lead volunteer is sought to work within each of the Profession's directorate. Whilst overall responsibility for project management and delivery remains with the Executive, our lead volunteers will ensure that members' expectations arising from the ... read more >>