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Author:
Health and Care Practice Executive Committee

CMI activity update - April 2009

Continuous Mortality Investigation activity update CMI Activity Update – April 2009 Highlights & Latest Publications: • The Working Party established to examine the latest data on mortality improvements and to develop a generic ... read more >>

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Author:
Continuous Mortality Investigation

Continuous Mortality Investigation annual review 2008-2009

A summary of work undertaken by the Continuous Mortality Investigation over the past year together with future plans CMI Annual Review 200 8-2009 A summary of work undertaken by the CMI over the past year together with some of our future plans ... read more >>

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Author:
Edwin Topper, FIA
Source:
Mercer Limited

Pensions and Financial Economics - Annual Pensions Conference 2009

PPFInadequate coverDeductibles and SelectionLiquidity and investment policyCripplingly high PPF leviesLevy payers –why just DB schemes? Annual Pensions Conference 2009 Pensions & Financial Economics Edwin Topper, FIA Mercer Limited Pensions & ... read more >>

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Author:
Chris Venables, Sean Duxbury
Source:
Mercer Ltd, United Utilities PLC

Pension scheme liabilities should be discounted at a risk free rate, right? - Pensions Conference 2009

Company profitabilityInvestorsBusiness plansManagement metricsTPR and trustee benchmarkValuation of pensions in M&A and contractsCredit ratingEmployeesEconomic regulator Pensions Conference 2009 Pension scheme liabilities should be discounted at a ... read more >>

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Author:
Julian Leigh
Source:
Current issues in general insurance seminar, 6 May 2009

General Insurance Practice Executive Committee (GI PEC) Update

1 abcd GIRO XXX 2003 Convention 14-17 October 2003 City Hall, Cardiff abcd FSA Capital Self-Assessment Julian Leigh 14-17 October 2003 City Hall, Cardiff FSA Capital Self-Assessment Two pillars in CP190 What are the implications of the ECR? How ... read more >>

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Author:
Ronnie Bowie\; Nigel Masters

Letter to members from the Presidents following the merger vote on 23 July 2009

During the run up to the merger vote on 23 July 2009, some members indicated that they did not believe that there had been sufficient consultation over changes to the Charter and Bye-laws. Faculty and Institute Councils have therefore decided to give ... read more >>

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Variable Annuities Members' Interest Group newsletter, April 2009

Contents include: Chairman's comments\; recent activity\; recent market activity\; resource centre\; vacancies\; upcoming events\; recent publications\; practice area bulletin - Variable annuities under US GAAP VA MIG Newsletter April 2009 Page 1 of 8 ... read more >>

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Author:
Di Kuang; Bent Nielsen; Jens Perch Nielsen

Chain-ladder as maximum likelihood revisited

It has long been known that maximum likelihood estimation in a Poisson model reproduces the chain-ladder technique. We revisit this model. A new canonical parametrisation is proposed to circumvent the inherent identification problem in the parametrisation. ... read more >>

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Notice to members of a Special General Meeting of the Faculty of Actuaries to be held on 29 April 2009 in Edinburgh

Faculty of Actuaries in Scotland NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Faculty of Actuaries will be held in the Merchants’ Hall, 22 Hanover Street, Edinburgh on Wednesday 29 April 2009 at 4.00pm to consider and, if ... read more >>

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Faculty Resolutions to change the Rules and Bye-laws

Faculty of Actuaries in Scotland RESOLUTIONS TO CHANGE THE RULES AND BYE-LAWS Pursuant to Rule 54 of the Rules and Bye-laws, and with effect from such date as Council may direct, the Rules and Bye-laws of the Faculty be varied as follows: ... read more >>

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Faculty of Actuaries Special General Meeting, 29 April 2009. Form of proxy

Faculty of Actuaries in Scotland SPECIAL GENERAL MEETING: WEDNESDAY 29 APRIL 2009 FORM OF PROXY I appoint as my proxy: a) The President of the Faculty of Actuaries (or, in his absence, the Chairman of the Special General Meeting) OR ... read more >>

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Source:
CPD Handbook

Pensions CPD, Subjects for technical needs analysis

Pensions CPD Subjects for Technical Needs Analysis The Pensions PEC has highlighted the subjects detailed below in order to help actuaries working in pensions plan their CPD requirements. Members should refer to the Professional Conduct Standards ... read more >>

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Source:
Press release

Thinking of over indulging this Easter? New mortality chart offers food for thought

A new chart enables people to work out the impact of having a few extra inches around the waist on their life expectancy. The cost of an unhealthy lifestyle can be calculated by entering height and waist measurements to find out the years a person is ... read more >>

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Author:
Andrew Hancock and Debbie Symonds
Source:
Open Forum: FASS Current Topics meeting. 6 April 2009

Current topics. General insurance

Current Topics provides qualified actuaries and actuarial students in Scotland with a summary of the major issues affecting the profession in the last year. Faculty of Actuaries Students’ Society Current Topics 2008 – General Insurance March 2009 ... read more >>

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Author:
Sanjay Joshi
Source:
Open Forum: FASS Current Topics meeting. 6 April 2009

Current topics. Life insurance

Current Topics provides qualified actuaries and actuarial students in Scotland with a summary of the major issues affecting the profession in the last year. 1 Faculty of Actuaries Students’ Society Current topics 2008-2009 Life ... read more >>

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Author:
John Lawson
Source:
Open Forum: FASS Current Topics meeting. 6 April 2009

Current topics. Pensions

Current Topics provides qualified actuaries and actuarial students in Scotland with a summary of the major issues affecting the profession in the last year. Faculty of Actuaries Students’ Society Current Topics – Pensions March 2009 ... read more >>

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The Actuaries' Code Consultation

Over the last two years, beginning in Summer 2007, we have exposed to the membership our thoughts on how we might create a modern and useful statement of the principles which we regard as essential to being a professional actuary in the 21st century. The ... read more >>

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Author:
Enterprise Risk Management Practice Executive Committee

Independent review of corporate governance of UK banking industry (the 'Walker Review'). Comments from the Actuarial Profession

consultation response April 2009 Response to the Independent review of corporate governance of UK banking industry (the ‘Walker Review’) Faculty of Actuaries Mac l aur i n Hous e 18 Dublin Street Edinburgh EH1 3PP Tel: +44 (0)131 240 ... read more >>