News
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New society to give boost to Northern Ireland’s actuaries
The society is aimed at actuaries Northern Ireland and further afield including students training to become actuaries on the Queen's university management school's Actuarial Science and Risk Management degree. ... read more >>
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Improved mortality rates lead to 20,000 fewer deaths in 2011
Put simply, this means that there have been 20,000 fewer deaths last year than would have been expected if the mortality rate hadn’t seen this improvement. The 4% improvement marks an upturn of the average rate of improvement of 2.4% over the 10 years to ... read more >>
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Invitation to Institute and Faculty of Actuaries events - Beijing, Shanghai and Hong Kong
At each event I am looking forward to speaking to you about the progress we are making on the strategy; to help me answer specific questions I will be accompanied by Derek Cribb, Chief Executive, Trevor Watkins, Director of Education and Memoria Lewis, ... read more >>
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Profession celebrates excellence in learning
Jane Curtis, President of The Institute and Faculty, welcomed the guests, recognising the achievements of volunteers, staff and partners who contribute to the Profession’s learned society and thought leadership activities. ... 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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Masterclasses and Professional Skills events
Professional Skills Helping members understand, in practical terms, how the Actuaries' Code is integral to their working lives. Topics as diverse as Whistleblowing, ETVs, Conflicts of Interest and the Law will be covered in this stream.Forthcoming ... read more >>
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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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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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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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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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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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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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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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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 >>