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Congratulations to all our candidates who passed examinations in the April 2021 session. We are delighted to see candidates continuing to excel as we move to a digital-first approach to IFoA examinations.
As we complete our April 2021 examination cycle, we would like to share an overview of this session and how your feedback will enable us to further improve our candidate experience in the future.
We’re living in a changed world.
Almost overnight, the pandemic brought dramatic transformations that impacted us all. At the IFoA, we recognise that we’re in a position to help you, our members, with the challenges of today and the future.
We would like to say thank you to everyone who participated in the recent Pre-Associate Curriculum Survey, which has now closed. We received 1867 responses in total. There was representation from across the world; with 31% of respondents from India, 27% from the UK, 20% from China mainland, Hong Kong SAR, Malaysia and Singapore and the remaining 22% from countries including; Australia, South Africa, Africa, America.
The IFoA's Review Team has launched the Funeral trust thematic review. This will consider the advice given by actuaries to pre-paid funeral plan trusts, looking at their role in valuation and other areas including pricing.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. Today’s updates cover week 26 of 2021 (26 June to 2 July) and the second quarter of 2021, based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 13 July 2021.
The key points of this update are:
Vicky Gardner summarises the discussions at the recent Health & Care board meeting on 1 July.
It was our last meeting before the summer break and we took some time to look back over the past year and reflect on how we have operated as a Board over this unprecedented time and what we may want to do differently in the future.
Update from Nick Spencer, Sustainability Board Chair
Bromiley & Partners Wealth Management (Senior Partner Practice of St. James’s Place Wealth Management) has become the UK’s first wealth manager to receive accreditation to the Institute and Faculty of Actuaries Quality Assurance Scheme (QAS).
CMI COVID-19 survey: Gathering qualitative information on the impact of COVID-19 for Income Protection providers and views on its implications for the future.
The CMI Income Protection Committee has not yet collected data to enable us to analyse the impact of COVID-19 on income protection experience. Data to end-2020 is being collected in the coming months and “all offices” results are expected to be produced in 2022.