Latest IFoA news
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Make the most of your membership: volunteer
21 November 2019
Everything the IFoA does is directed by over 4,000 actuarial colleagues giving their time to volunteer for their profession. Make the most of your membership and get involved.IFoA Volunteers - Not all heroes wear capes
18 November 2019
The place of the volunteer in the IFoA has long been valued and recognised; we remain a membership organisation reliant on and driven by actuaries like you, and other professionals, who give their time for the good of the profession and to enhance actuarial science.
The place of the volunteer in the Institute and Faculty of Actuaries (IFoA) is embedded in our DNA. To us they’re true actuarial heroes.Climate Change and Life Insurance: Yes, but How?
15 November 2019
IFoA member David Ford, introduces the new practical guide to help actuaries working in Life Insurance consider the impact of climate change.The IFoA, CIA and SOA launch innovative international pensions risk report
13 November 2019
This week, we’re proud to announce the launch of a pensions-focused research report from the University of Kent and the University of Waterloo, in Canada. This research has been supported by an international partnership of funders, including the IFoA, the Canadian Institute of Actuaries and the Society of Actuaries in the US.
IFoA appoints Senior Review Actuary
11 November 2019
We are pleased to announce the appointment of David Gordon to the role of Senior Review Actuary at the IFoA.David comes to the IFoA with over 30 years’ experience in the pensions industry. He has worked with Willis Towers Watson throughout his career, advising numerous UK pension schemes, and their sponsors, on how best to deliver funding, investment, and risk management.
Diversity of experience: benefiting from role models
11 November 2019
Members of the Institute and Faculty of Actuaries (IFoA) can be inspired and gain so much from each other: mutual support, powerful collaborations, and new and even disruptive thinking; diversity of thought, if you will.Weathering climate risk: pension funds should be obliged to disclose how they are managing climate related risks
8 November 2019
The climate emergency is posing material financial risks that could threaten the security of pension fund members’ benefits. Significant pension funds should be obliged to disclose how they are managing their climate-related financial risks.
Read the full article on The Actuary website.
Skating on thin ice: With-profits investment strategies need to consider climate-related risks and opportunities
8 November 2019
With-profits regulations are lengthy, but the guiding principles can be paraphrased simply: run the fund well by securing good investment returns to provide fair, smoothed long-term returns for each generation of policyholders. A climate warming pathway will have severe macro-economic implications – interest rates, inflation, growth and so on are likely to be impacted. This in turn impacts the key assumptions that actuaries use to manage with-profits funds. If your investment portfolios do not yet include consideration of climate factors, could you be taking risks you do not understand?
Canada’s actuaries call for action on climate change
8 November 2019
The Canadian Institute of Actuaries have released a statement outlining how quantifying and disclosing the financial impacts of climate change is an important way to help achieve global climate goals. The statement calls for the government to prioritise data collection and implement policies that accelerate climate-risk financial reporting. The report also encourages business leaders and investors to account for climate-related factors in investment decisions.
Savings Goals for Retirement
30 October 2019
In this blog, the IFoA’s Stephen Hyams talks about a new report designed to help people understand how their level of pensions savings will impact lifestyles in later life.
Everything the IFoA does is directed by over 4,000 actuarial colleagues giving their time to volunteer for their profession. Make the most of your membership and get involved.
The place of the volunteer in the Institute and Faculty of Actuaries (IFoA) is embedded in our DNA. To us they’re true actuarial heroes.
IFoA member David Ford, introduces the new practical guide to help actuaries working in Life Insurance consider the impact of climate change.
We are pleased to announce the appointment of David Gordon to the role of Senior Review Actuary at the IFoA.
Members of the Institute and Faculty of Actuaries (IFoA) can be inspired and gain so much from each other: mutual support, powerful collaborations, and new and even disruptive thinking; diversity of thought, if you will.
In this blog, the IFoA’s Stephen Hyams talks about a new report designed to help people understand how their level of pensions savings will impact lifestyles in later life.Pages
Other actuary news
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CFOs reveal pressure to act on climate change
Added: Thu, 14/11/2019 - 09:50Around half of chief financial officers (CFOs) in Europe are feeling pressure from their customers and employees to take action on climate change, a new survey by Deloitte has found. -
FTSE 100 risks missing gender targets
Added: Wed, 13/11/2019 - 14:18Half of all new appointments to senior leadership roles at FTSE 100 companies will have to go to women next year if government-backed targets for gender diversity are to be achieved. -
Private equity firms failing to identify cyber risks
Added: Tue, 12/11/2019 - 13:13The majority of private equity firms in the UK do not carry out sufficient assessments of cyber risks at their target companies, a new study has uncovered. -
Commercial insurance prices rise 8%
Added: Mon, 11/11/2019 - 16:31Average commercial insurance pricing increased by 8% in the third quarter of 2019 globally, the biggest rise recorded by Marsh in seven years. -
Pension scam victims lose 22 years of savings in one day
Added: Mon, 11/11/2019 - 14:18Victims of pension scams lost an average of £82,000 in the UK last year, which is equivalent to around 22 years' worth of savings for workers on median salaries. -
In the public interest
Added: Thu, 07/11/2019 - 03:00With the Government Actuary's Department celebrating its centenary this year, Matt Gurden shares some of the ways in which it is advising and supporting policymakers -
Non-life ILS capacity hits near-record high
Added: Wed, 06/11/2019 - 11:30The insurance-linked securities (ILS) market has enjoyed significant growth this year, with non-life capacity issued or outstanding at a near-record high, research by Willis Re has uncovered. -
Blockchain to save financial services $7bn by 2024
Added: Tue, 05/11/2019 - 14:40Financial institutions will save $7bn (£5.43bn) by 2024 thanks to blockchain technology and the automation of customer checks, a market research firm has found. -
UK government rejects timetable for state pension dashboard data
Added: Mon, 04/11/2019 - 14:11The UK government has refused to commit to a timetable for making state pension data available through online dashboards, a cross-party group of MPs has revealed. -
Life expectancy improvements in UK among worst in the developed world
Added: Fri, 01/11/2019 - 16:00Life expectancy improvements in England and Wales have been among the worst recorded in high-income countries since 2011, a new academic study has uncovered.