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Better serving members in finance and investment
20 September 2019
In the seventh of our series on the work of the IFoA’s volunteer-led Practice Boards, Dick Rae, Chair of the IFoA’s Finance and Investment Board, looks at how the Board are honing their outputs to reach and help members working in this area.
Actuarial Monitoring Scheme: Thematic Review Programme launched
20 September 2019
Update to Members on the new AMS Thematic Review Programme
The IFoA has launched its Actuarial Monitoring Scheme (AMS) with the announcement of two thematic reviews.
Honorary Fellowships for Sir Steve Webb and Dr David Bellhouse
20 September 2019
The Institute and Faculty of Actuaries (IFoA) has confirmed the election of Sir Steve Webb and Dr David Bellhouse as Honorary Fellows.
Both Sir Steve and Dr Bellhouse were nominated by the IFoA’s Council. Their election was confirmed by an online members’ vote conducted over the summer.
Sir Steve Webb
Investigations under the Assessment Regulations – Appeals Process
19 September 2019
On Friday 13th September, the IFoA’s Board of Examiners issued their final outcomes on breaches of Assessment Regulations during the April 2019 examinations; on Tuesday 17th September, the IFoA issued a further update to the original notification, confirming that details, including the appeals process for breaches of Assessment Regulations cases, would be avai
The ARC, CIA and SOA launch innovative international pensions research
18 September 2019
This week we’re proud to announce the launch of an innovative, pensions-focused research paper from the Actuarial Research Centre (ARC), the Canadian Institute of Actuaries (CIA) and the Society of Actuaries (SOA).
Practical Guide to Climate Change for General Insurance practitioners
17 September 2019
The climate-related risk alert issued in May 2017 by the IFoA stated that “actuaries should ensure that they understand, and are clear in communicating, the extent to which they have taken account of climate-related risks in any relevant decisions, calculations or advice”. Building on this, the IFoA have recently released a practical guide to climate change relating to general insurance work. Containing practical advice into how climate risks may impact the work of GI practitioners, the guide aims to assist actuaries in developing judgements and providing appropriate advice.
Breaches of Assessment Regulations – Update
17 September 2019
On Friday 13th September 2019, the IFoA’s Board of Examiners issued their final outcomes on breaches of the Assessment Regulations with specific reference to collusion during the April 2019 examinations.
Antibiotic Resistance Working Party – Final Outputs (Report and Models)
13 September 2019
The ABR working party’s report and associated models are now published.
Breaches of Assessment Regulations - Collusion
13 September 2019
Cases have been reviewed and sanctions have included a suspension from sitting the profession’s assessments for a period of up to 2 years.
Are you a Scheme Actuary?
12 September 2019
If you are a current, or recent, holder of a Scheme Actuary Practising Certificate please consider volunteering to in the Practising Certificates Committee (PCC).
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Other actuary news
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Pensions and healthcare at risk from no-deal Brexit
Added: Thu, 19/09/2019 - 13:30Around 1.3 million British citizens living in the EU could see their pensions, healthcare and insurance put at risk by a no-deal Brexit, the deVere Group has claimed. -
Investors blast oil and gas companies for undermining Paris Agreement
Added: Wed, 18/09/2019 - 15:47None of the world's top oil and gas companies are aligned with the Paris Agreement's ambition to limit global warming to 2C above pre-industrial levels. -
Most financial firms unprepared for LIBOR transition
Added: Tue, 17/09/2019 - 16:00Less than half of financial services firms are confident about transitioning away from the London Interbank Offered Rate (LIBOR) by the end of 2021, a global survey has uncovered. -
European insurers call for further IFRS 17 changes
Added: Mon, 16/09/2019 - 14:48Europe's largest insurance companies have urged the International Accounting Standards Board (IASB) to publish further amendments to IFRS 17. -
Half of DC pensions to add ESG focus to their default investment strategies
Added: Thu, 12/09/2019 - 13:33Half of defined contribution (DC) pension schemes in the UK plan to include or continue an environment, social and governance (ESG) focus in their default investment strategy. -
Record InsurTech investment forecast
Added: Wed, 11/09/2019 - 16:45Insurance technology firms attracted $3bn (£2.4bn) of investment in the first half of 2019 worldwide, and are forecast to receive a record $6bn by the end of the year. -
Over-60s lose almost £2bn through pension opt-outs
Added: Wed, 11/09/2019 - 13:05British adults aged 60 and over could be missing out on nearly £2bn in retirement savings by opting out of workplace pensions early, a new study has found. -
Widespread pension confusion among UK public uncovered
Added: Tue, 10/09/2019 - 13:43The majority of UK workers think pensions are confusing and don't know how much to save, according to a new study, with much of the blame levelled at employers. -
Climate change ranked the top extreme risk for investors
Added: Mon, 09/09/2019 - 15:30Global temperature change is the number one extreme risk to economic growth and asset returns for investors, a new ranking by the Thinking Ahead Institute has suggested. -
Global reinsurance capital rises 8%
Added: Mon, 09/09/2019 - 13:50Total capital dedicated to the global reinsurance industry has risen by 8% since the end of last year thanks to strong investment markets, data from Willis Re has revealed.