The Club dines after sessional research events and other selected actuarial events held in Scotland. The usual venue is the Balmoral Hotel in Edinburgh. Its elegant rooms give a fine night-lit view of Princes Street and the Castle. The evening's emphasis is on enjoying good food and company with a minimum of formality.
Toast to the (decimal) Point
The meal is followed by the loyal toast and the club toast to the (decimal) Point, the latter given every year since 1936. There is then a short break for members to re-charge their batteries. On re-assembly the Chair introduces the Institute and Faculty of Actuaries' (IFoA's) guests, usually the authors of papers presented at the sessional events, on a light-hearted 'this is your life' basis, and invites the club to toast their health. One guest is invited to reply.
New members attending their first dinner are next introduced, invited to give a short response (to provide members with a flavour of their background), and duly toasted. Once a year a member is given the honour of proposing the formal Club toast to the Point. There is much wit and ingenuity displayed in varying the theme of the address.
Dinners are drawn to a formal close in time for the Glasgow members to catch the last train to the city that claims it's miles better, while granting that Edinburgh is a capital city! Guests of members are welcome.
Social activities
In addition to the dinners, there is an annual golf outing and an autumn weekend away with partners which includes a choice of a visit to a stately home and gardens, playing golf or hillwalking and of course dining and possibly being pampered in a 5 star luxury hotel.
Reciprocal rights
Members have reciprocal dining rights with the IFoA's Gallio Club, the Faculty (England) Club and the Actuaries' Club (England).
Membership
The annual membership fee remains a modest £15. Dining fees are currently £67.50 which includes pre-dinner drinks, the meal and drinks with and after the meal.
To encourage new members to join and attend, the Club wishes to offer a reduced dining fee for members in their first year of membership which is currently £32.50. A reduction will still apply in the second year of membership with the dining fee currently being £47.50.
Forthcoming events
Meeting dates for 2019 are:
- 21 January 2019
- 25 February 2019
- 25 March 2019
- 24 June 2019
Officers of the Scottish Actuaries’ Club
Chairman: Gordon Wood
Honorary Secretary: Roger Austin
Honorary Treasurer: Bob Gibson
Other Committee Members: Eleanor Jeffrey, Iain McLellan, Kerr Luscombe, John Gill, Amanda Switzer, Chris Young, Claire Yule
Honorary Auditor: Finlay Marshall
Administrator: Clare Anderson. For further information, please contact Clare.
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Events calendar
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Sessional Event: The IFRS 17 Contractual Service Margin: A Life Insurance Perspective
Webinar5 October 2020
Delivered by the IFRS 17 Contractual Service Margin working party. -
Why Certified Actuarial Analysts add value to employers, including both insurers and consultancies
Webinar6 October 2020
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields. -
Why Certified Actuarial Analysts add value to employers
Webinar6 October 2020This session is a repeat of the one earlier today at 09:30 -
Autumn Lecture 2020: Professor Elroy Dimson
Online webinar14 October 2020
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term. -
GIRO Conference 2020 Webinar Series
Available to watch globally in November.02-13 November 2020
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
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Life Conference 2020 Webinar Series
Online16 November 2020 - 27 November 2020
This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.
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Autumn Pensions Webinar: Update from The Pensions Regulator (TPR)
Webinar1 December 2020
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
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Autumn Pensions Webinar: To the end game and beyond
Webinar2 December 2020The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer. -
Autumn Pensions Webinar: Cash is King - What next for CDI?
Webinar4 December 2020Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements. -
Autumn Pensions Webinar: Legal update - The letter of the law
Webinar7 December 2020Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year -
Autumn Pensions Webinar: Impact of Dividends
Webinar8 December 2020The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
