Nick Salter to become Institute and Faculty of Actuaries President-elect for 2013-14

Nick has been an active volunteer within the IFoA for a number of years in roles ranging from Assistant Examiner, to Chairman of the Member Support Executive Committee.  Nick was elected to the Council of the combined body in 2011 having served on the Council of the Institute of Actuaries from 2004 – 2010 and is currently on the Court of the Worshipful Company of Actuaries.

 Commenting on his appointment, Nick Salter said:

 “I am honoured to have been elected to the leadership team and look forward to representing and championing the interests of our members and the profession."

“The environment in which we operate has changed enormously in recent years and we have adapted well to those changes.  My priority will be to build on the excellent work of my predecessors and ensure that the IFoA remains connected with its membership and in step with the changing global demands on actuaries.”

 Philip Scott, President of the Institute and Faculty of Actuaries said:

 “I congratulate Nick on becoming the next President-elect.  As an ambassador for the IFoA, Nick brings a wealth of invaluable knowledge, experience and expertise, and I look forward to working with him as part of the leadership team.”

Ends

Notes to editors:

1. Nick Salter started his career in 1978 with Duncan C Fraser and qualified as a Fellow in 1986.  Nick is currently the Senior Partner at Barnett Waddingham, which he co-founded in 1989.  A Scheme Actuary, Nick manages a diverse portfolio of corporate pensions clients and leads the firm’s US liaison operations.
2. 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.
3. Members of the Institute and Faculty of Actuaries 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.
4. 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 the Profession in society.
5. The Institute and Faculty of Actuaries is available to provide 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.

For further information, please contact Paul Reynolds on 07961957487