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Our sincere apologies for the unacceptable issues encountered in accessing pass lists on IFoA’s website. Although our team worked with the hosting provider through the evening to try to alleviate the issues, this took considerably longer than it should have. All our web servers had been significantly upgraded and we were assured that we had significantly more resources than required. A full review will be undertaken and we will do our best to ensure that this is not repeated for the next batch of results later in the month.
The Institute and Faculty of Actuaries (IFoA) has awarded the Quality Assurance Scheme (QAS) accreditation to Redington Limited after its successful application for inclusion in the scheme.
The dream of pensions policy visionaries to create a better retirement income model that was both affordable and fair appear to have run aground, with many viewing the forthcoming Government white paper as a last-chance saloon. Professor Hugh Pemberton from the University of Bristol looks back at how we got here.
“Gender diversity is not just about increasing the number of women in the profession, it is about what we will lose if we don’t."
These are the words of our Past President Nick Salter who made diversity his Presidential Theme in 2015. With this in mind, the IFoA jumped at the chance to support a mentoring programme specifically designed to help build a pipeline of senior female talent.
It will not have escaped the attention of our members working in insurance in the UK or Europe that Brexit has an insurance dimension. In particular, the future path of insurance regulation in the UK, and how it evolves from ‘mainstream Solvency II’ will be of no little interest. While so much of the UK’s interaction with the EU post-Brexit is still shrouded in uncertainty, the UK House of Commons Treasury Committee took the lead last year in attempting to shine a light on how Brexit could affect insurance regulation in the UK, and specifically Solvency II.
Throughout 2017, the IFoA has released three bulletins looking at equality between generations across three public policy debates: climate change, retirement, and health and care. Alongside IFoA members, these bulletins feature articles from politicians, charities, think tanks and other influential individuals and bodies.
Sir Win Bischoff, FRC Chairman delivers his lecture at GIRO on "The Importance of Professionalism in Today's Financial Sector".
Tesco Bank CEO Benny Higgins chairs a panel discussion on "The Future of the Professions".
In this blog, we talk to Claire Jones, the Chair of the IFoA’s ESG Investment Working Party, to find out more about ESG factors and why they are important to the actuarial profession.
Environmental, social and corporate governance (ESG) issues are increasingly acknowledged as important, mainstream investment considerations. Why?
Other actuary news
Added: Tue, 12/12/2017 - 17:27Financial firms responsible for assets of over $81.7trn (£61.3trn) have publicaly committed to support the Task Force on Climate-related Financial Disclosures (TCFD).
Added: Tue, 12/12/2017 - 11:36UK consumer price inflation increased from 3% in October to 3.1% in November the highest rate recorded since March 2012, according to data from the Office for National Statistics (ONS).
Added: Mon, 11/12/2017 - 17:06An increase in personal injury claim payouts, vehicle repair costs and thefts resulted in the third quarter of this year being the third most expensive on record for UK motor insurers.
Added: Mon, 11/12/2017 - 12:14Nearly a third of the UK's largest financial services firms have signalled their intention to move jobs out of the country as a direct consequence of Brexit.
Added: Fri, 08/12/2017 - 12:51Air quality standards and carbon prices are set to result in almost every coal plant in the EU losing money by 2030, with more than half already loss-making.
Added: Thu, 07/12/2017 - 18:00Retail investors continued to withdraw from UK equity funds in October, with political uncertainty thought to be fuelling a dash towards fixed income securities.
Added: Thu, 07/12/2017 - 12:47The rate of improvement in UK life expectancy between 2010 and 2015 was 75.3% slower for men and 82.7% less for women than it was in the first five years of this century.
Added: Wed, 06/12/2017 - 17:00A survey of leading UK and European insurers reveals more than a quarter expect to increase their allocations to alternative investments in search of returns.
Added: Tue, 05/12/2017 - 16:56Recruitment in the UK's service sector last month failed to significantly improve on October's seven-month low, with the rate of job creation remaining unchanged.
Added: Tue, 05/12/2017 - 14:05British pensioners relying on the government can expect a lower percentage of their working salary as retirement income than those from any other country in the OECD.