21 April 2015
The Institute and Faculty of Actuaries (IFoA) announced today (Monday 20 April) that Colin Wilson, Deputy Government Actuary, has been elected as the next President-elect of the IFoA. Colin will take up his position as President-elect in June 2015, when Fiona Morrison becomes the new President, taking over from Nick Salter. Colin will take on the role of President in June 2016.
Commenting on the appointment, Nick Salter, current President, said: "I am delighted to announce that Colin Wilson has been elected by his fellow Council members to serve as President. Colin has been an active volunteer since qualifying 19 years ago, and brings to the Presidential team an unparalleled diversity of experience across different practice areas."
Derek Cribb, CEO of the IFoA said: “I look forward to working with Colin to promote his theme of collaboration, as the IFoA continues to rise to the challenges and opportunities facing the actuarial profession both in the UK and internationally."
Colin Wilson said: "I am truly honoured that my fellow Council members have elected me to the Presidential team. I am optimistic about the future of the actuarial profession, and am committed to building on the foundations laid by my predecessors and to push to expand the range of actuarial work beyond its traditional boundaries.
"I believe that a profession such as ours must ensure that it has a voice that others want to hear and must continue to develop its expertise to avoid being left behind in a changing world. We will achieve this by embracing the value of collaboration – within the profession between different practice areas, with other actuarial bodies for the benefit of the global profession, and with other professions to address problems that require a variety of skills."
Fiona Morrison, current President-elect said: "Colin brings a wealth of knowledge and experience that will be invaluable, not only to the Presidential team, but to the wider actuarial profession. I look forward to working with Colin to promote actuaries as we lead the IFoA into the next stage of the profession's development.”
~ENDS~
For further comment or a jpeg image of Colin Wilson please contact Annette Heninger, Media Relations Manager at the IFoA, on 07525 592 198 or by emailing annette.heninger@actuaries.org.uk
Editorial notes
1. Colin is currently the Deputy Government Actuary, with technical oversight of projects covering pensions, social security, general insurance, investment and risk. Colin started his actuarial career in life insurance, before moving to investment and wider risk management. His diverse experience also covers 10 years in IT and defence consulting, as well as periods in both the private and public sectors and both operational and consulting environments.
Colin Wilson has been a Fellow of the IFoA since 1996. He is also a Chartered Enterprise Risk Actuary (CERA) since 2012. Colin has a long history of volunteering with the IFoA and he has been a member of Council from 2002 – 2008, and from 2013 to date. He is currently a member of the IFoA Risk Management Board, and was Chairman of Finance, Investment & Risk Management Board from 2006-2008. Colin has also been a member or chairman of several technical working parties.
2. About the Institute and Faculty of Actuaries
The Institute and Faculty of Actuaries (IFoA) is a royal chartered, not-for-profit, professional body.
Research undertaken by the IFoA is not commercial. As a learned society, research helps us to fulfil two of our royal charter requirements; to further actuarial science and serve the public interest.
Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.
Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.
The IFoA is available to provide independent expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.