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A ‘practical guide’ for pensions actuaries is helping members advising UK DB pension schemes to help their clients manage Resource & Environment (“R&E”) risks.
Make your views count
We will asking all our members to take part in a short, online survey later this month.
This is an important opportunity for you to tell us what you value and how we can improve the support and services we provide. The last time we undertook an all-member survey was eight years ago and we encourage all our members to take advantage of this opportunity to tell us what’s most important to you.
Ahead of the government’s long-awaited social care green paper, Policy Manager Henry Thompson introduces the IFoA’s new Social Care Policy Briefing series
Life Conference 2018: 21-23 November, Liverpool
The Life Conference 2018 is the premier event for Life Insurance actuaries in the UK. The programme this year includes nearly 80 sessions with a focus on developing and enhancing technical knowledge and sharing innovations.
The conference also provides the opportunity to network and exchange ideas with a wide range of professionals.
Are you prepared to meet the serious challenge of cyber threats? Visesh Gosrani blogs on a key issue facing global business.
“It won’t happen to us!”
“How many insurers have you seen affected by cyber risk events?”
“We don’t have the budget to spend.”
Building on previous success
The CERA Global Association (CGA), which grants actuarial organisations the right to award the CERA enterprise risk management credential, is delighted to announce the appointment of Nick Dumbreck as the new Chair of the Board.
The pensions dashboard has been talked about across the industry for a long time. With the proposed implementation of date of 2019 (albeit it has been questioned by some whether this is achievable or not), it is time to consider the actuarial aspects behind providing individuals with details of their pension benefits.
This October, I chaired the above workshop where a wide range of topics were presented to stimulate thought and debate as senior life actuaries focus on the usual year-end activities. Whilst a backdrop of mortality and economic uncertainty is the norm, this year there are more challenges than usual with: a buck in the trend for mortality improvements; the potential impact of Brexit; and the challenges arising from climate change. So the agenda for the day needed to cover a wide range of topics and subsequent attendee feedback has confirmed this approach was much appreciated.
On 17 September , I chaired a Sessional meeting for the Health and Care practice area. This is the fourth year we have run the “Hot topics in Health and Care” event covering three varied topics, where the author writes a short paper made available before the event and presents their findings in the evening.
The 2017 and 2018 hurricane seasons have again focussed the attention of the catastrophe risk management and insurance community on the topic of hurricane clustering in the North Atlantic. Have the most recent hurricane seasons caused us to update our view of clustering as a meteorological occurrence, and if so, in what ways? This takes place on the 29th November.
Other actuary news
Added: Fri, 16/11/2018 - 17:20The UK government should consider multiple funding solutions to address the country's social care crisis, the Institute and Faculty of Actuaries (IFoA) has urged.
Added: Fri, 16/11/2018 - 15:00Pensions funds are responsible for the majority of capital held by the world's 100 largest asset owners (AO100), placing them among a unique group of investors that are too important to fail.
Added: Wed, 14/11/2018 - 17:00The value of bulk annuity transactions in the UK for 2019 is likely to be even higher than the record breaking total set this year, new research has found.
Added: Wed, 14/11/2018 - 14:40The International Accounting Standards Board (IASB) has today voted to delay the implementation deadline for IFRS 17 by one year to 1 January 2022.
Added: Tue, 13/11/2018 - 11:25Two in five British workers aged 46 to 55 do not know how much they have saved for retirement, despite closing in on the age they can access their pensions for the first time.
Added: Mon, 12/11/2018 - 15:00Cyber attacks are the greatest threat facing businesses in Europe, North America, East Asia and the Pacific, a worldwide survey of over 12,000 executives has found.
Added: Fri, 09/11/2018 - 14:30Italian insurance giant Generali has today announced that it will stop insuring the construction of new coal mines and plants as part of its commitment to tackling climate change.
Added: Wed, 07/11/2018 - 13:30Amazon is the platform most likely to cause widespread disruption to Europe's general insurance market over the next five years, a survey of insurers has found.
Added: Tue, 06/11/2018 - 12:30Women in the UK will today start qualifying for the state pension at the same age as men, eliminating discrimination between the genders for the first time in 70 years.
Added: Mon, 05/11/2018 - 17:30One in four people approaching retirement in the UK are unaware that they have to pay tax on pension savings if they take more than 25% out as cash, a survey has found.