Latest IFoA news
Click to filter your search
We’re continuing to listen. A growing number of you are telling us about your work – or your interest in working – in banking, and we’re responding.
Sandy Trust, Chair of the IFoA Sustainability Board provides an update on his themes for the next year.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. Today’s update covers week 34 of 2021 (21 to 27 August), based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 7 September 2021.
The key points of this update are:
The IFoA has a duty to regulate the actuarial profession in the public interest. We do this by promoting the value of actuarial science, driving excellence in the profession and in being the voice of actuaries.
An essential part of driving excellence in the profession is supporting our students to achieve our respected and sought after premium qualifications. Therefore, we reserve the right to protect the integrity and reputation of our examinations by ensuring that candidates are not gaining an unfair advantage.
Responding to speculation about reform and funding for social care, Chris Reynolds, Chair, Health and Care Board at the Institute and Faculty of Actuaries, said:
Last month the Management of Closed Funds Working Party issued a survey relating to sunset clauses and the effective run off of closed funds. From the responses the working party will be looking to assess best practice for managing closed funds. This work builds on the FCA’s thematic review and we hope to publish findings that will ultimately lead to improved customer outcomes, particularly considering:
By giving just £2 our members can join the IFoA Foundation’s charitable mission of ‘Actuaries Supporting Others’
We have received a lot of feedback from candidates about their experience transitioning from an examination taken mainly in examination centres to completing all their papers online. Listening to this feedback, we want to provide candidates with an overview of how the IFoA is now writing its exam papers for an online format. We also would like to provide candidates with some top tips on preparing for an online examination.
How are IFoA examination papers written?
Shyam Gharial provides an update on the latest Sustainability Board activities.
The meeting began with a reminder that the IFoA’s new president, Louise Pryor, had given a Presidential Address which contained big sustainability themes and would look to build off the excellent work done under Tan Suee Chieh.
Out of 30,000 members of the IFoA (December 2016), only 440 (1.5%) were identified as part of the health and care sector. With the onslaught of the COVID-19 pandemic and stresses on public health care financing systems throughout the world, a career in Health and Care is garnering increased attention amongst actuaries and would-be actuaries.