The remit of the Enterprise Risk Management Practice Executive Committee covers principally the area of Risk Management. Actuaries wishing to develop their knowledge about derivatives should consider taking Subject ST6 (Finance and Investment Specialist Technical B).

Actuaries working in the finance, investment and risk management areas face a challenge not usually met by those involved in other practice areas. The challenge is to prove to the professionals of the many other disciplines working alongside them that an actuarial qualification is useful in their work. We know that an actuarial education provides a firm foundation for the handling of uncertainty in financial situations but we are also aware that there are many areas not covered by the existing pre-fellowship education. CPD is therefore vital, not only as a way for individual actuaries to bring their knowledge and skills up to the necessary level, but also as a way for the profession as a whole to acquire and develop skills from outside and to avoid being left behind in a rapidly evolving world.

It is intended to review this material regularly and it is important that we receive feedback on the usefulness of the information given and whether there are other subjects or specialisms that should be included. If you have comments please send them to Mark Symons, the Manager for the Enterprise Risk Management Practice Executive Committee (mark.symons@actuaries.org.uk).

Of course, following a CPD programme planned using the information set out in here does not absolve an actuary from the need to be fully aware of the relevant professional guidance and code of professional conduct.