News
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Change of policy for booking places on the practical exams
The aim of the fixed booking periods was to provide those students who failed a practical exam with a waiting time no greater than that of a session based exam i.e. 6 months from initial booking, receipt of result and re-sit available. The fixed booking ... read more >>
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Unravelling the complexity of risk: New research from the Actuarial Profession
The discussion was part of the Actuarial Profession’s enterprise risk management symposium which took place in London on 9 May, 2011. It covered the preliminary findings of research Mr Cantle is currently undertaking with the University of Bath and the ... read more >>
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Call for proposals for research project on the effects of 'limits to growth'
The Actuarial Profession is inviting research proposals on the topic of the effects of 'limits to growth' on financial markets and consequential impacts on actuarial advice. Applications are invited by 12 August 2011. ... read more >>
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CMI Working paper 52
Separate sets of rates are included in the paper for males and females and for non-smokers and smokers for ages 30 to 60. In each case, rates have been derived for those causes of claim with at least 200 settled claims during a period. Download the paper ... read more >>
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Longevity Bulletin - First edition launched
The Actuarial Profession has launched Longevity Bulletin, a six-monthly overview of research into longevity trends. The first issue focuses on international forecasts of future longevity. ... read more >>
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EDs 27 and 28: Consultation meeting at Staple Inn, Wednesday 22 June
Background to the consultationThe Actuarial Profession has issued for consultation Exposure Draft 27 of APS L1: Duties and responsibilities of life assurance actuaries (ED 27) and Exposure Draft 28 of APS L2: The Financial Services and Markets Act 2000 ... read more >>
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Actuarial Profession launches Longevity Bulletin
They are: 1) Uncertainty about the future range of longevity: Most countries use a range of projections to illustrate this. Each variant projection is calculated using a different set of assumptions. The study examines the assumptions in ... read more >>
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Exposure Draft 26 of APS G3: General insurance work outside the geographic scope of the TASs
ED 26 can be accessed hereThe accompanying communication to members can be found here ... read more >>
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FTSE data
The gilts and equities information service is not available at present on the Profession's website. The ft.com/marketsdata archive offers Financial Times reports of indices to select by date and download. ... read more >>
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Council election and AGM update
Scottish ConstituencyThere are 3 vacancies to be filled and 4 candidates submitted nomination forms to stand for election - in alphabetical order the candidates are:Huw EvansMartin PotterAlan WatsonGordon WoodVoting papers will be issued by the ERS ... read more >>
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Calculator policy for the exams
With effect from the exams in September 2011 any student not using one of the approved calculators will receive a zero mark for their exam script. The invigilators will make an announcement at the start of each exam about calculators, and at this time ... read more >>
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Philip Scott to become President-elect for 2011/2012
Mr Scott has extensive financial services experience and his responsibilities have covered finance, risk and actuarial functions, international operations, investment management and life and pensions businesses. He has been a Non-Executive Director ... read more >>
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Changes to the reading for subjects ST6 and ST9
ST6 textbook change A new version (the 8th edition) of the John Hull textbook Options, futures and other derivatives was recently published. For the 2012 exams, students may use either the 7th edition or 8th edition for their study. The Core Reading ... read more >>
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Ronnie Bowie comments on the resignation of Louise Pryor from the Board for Actuarial Standards
Mr Bowie said: “The Actuarial Profession enjoys a constructive partnership with the Board for Actuarial Standards and the spirit of co-operation which exists between our two organisations is thanks, in no small part, to the efforts of Louise. On behalf of ... read more >>
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Actuarial Profession welcomes plans to reform state pension
Huw Evans, of the Profession’s pensions committee said: “The Actuarial Profession has argued that a state pension system that is fair, simple, easy to understand and transparent will make it easier for people to make informed decisions about their ... read more >>
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Actuarial Profession welcomes call for transparency in referral fees in motor insurance claims
The Profession’s working party on third party motor insurance warned, last year, that the number of motor insurance claims involving personal injury was increasing at an alarming rate and that the rise of claims management companies appeared to be a ... read more >>
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Actuaries: Career average pensions could benefit lower paid public sector workers
The figures have been announced to coincide with the publication of Lord Hutton's Independent Public Sector Pensions Commission report and should provide some comfort to lower paid public sector workers. Career Average Revalued Earnings (CARE) schemes give ... read more >>
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Actuaries: European Court of Justice ruling will have wide ranging consequences
Ronnie Bowie, President of the Institute and Faculty of Actuaries said: “Insurance companies have some tough decisions ahead. They will need to provide convincing evidence to justify any future differences between men and women, between old and young and ... read more >>
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Whistleblowing guides published
The guides do not impose any new obligations on members or their employers, rather it is hoped that these resources will help the Profession’s members to navigate their way through the complex and difficult situations which may arise from time to time in ... read more >>
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Pensions Actuarial Profession Standards go live
Version 1.0 of Actuarial Profession Standard (APS) P1: Duties and Responsibilities of Pensions Actuaries; and Version 1.0 of Actuarial Profession Standard (APS) P2: Compliance Review: Pensions. ... read more >>