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Colin Wilson is new President-elect of Institute and Faculty of Actuaries
21 April 2015
The Institute and Faculty of Actuaries (IFoA) announced today (Monday 20 April) that Colin Wilson, Deputy Government Actuary, has been elected as the next President-elect of the IFoA.
Robust fiscal regime key factor in success of financial services sector in a further devolved Scotland - IFoA panel debate concluded
20 April 2015
- Tax rates will have major impact; fiscal framework needs to stand the test of time and extremes; Scotland could build competitive advantage in the sector
IFoA comments on announcement in today's Budget on Lifetime Allowance
18 March 2015
Nick Salter, President of the Institute and Faculty of Actuaries (IFoA) comments on the cut in Lifetime Allowance announced in today’s Budget Statement:
IFoA comments on NEST report on Future of Retirement
17 March 2015
- All scheme members should have access to guidance throughout their savings lifetime and not just before the point of retirement; there is a risk that individuals could become overwhelmed during the decision making process when making complex financial choices; IFoA research shows people are more likely to engage in financial decision making if they believe their efforts are worthwhile
IFoA responds to Government's announcement to allow pensioners to cash in their annuities
16 March 2015
Nick Salter, President of the Institute and Faculty of Actuaries comments on the Government’s announced proposals to allow existing pensioners to sell their annuity policy on the open market in exchange for a lump sum:
World Bank endorses new Actuarial Analyst qualification for financial services in emerging markets
12 March 2015
- World’s first actuarial qualification targeted at technical support roles in financial services
- Actuarial resources in great demand in emerging economies
- Qualification will bring enhanced actuarial expertise to new regions
IFoA warns of risks in new pensions freedoms
11 March 2015
- Anyone looking to transfer their benefits out of a Defined Benefit pensions scheme needs to understand the pros, cons and risks of the choices they make.
- Potential that unscrupulous selling could see individuals lose ‘income for life’ guarantee
- Life Insurance companies should ensure pensions products sold to individuals are fit for purpose
IFoA responds to Government's Work and Pensions Select Committee report on pensions reform
11 March 2015
- Policy makers need to take a long term view
- Raising age at which pension savings can be accessed could alleviate some of the risk of individuals running out of money in retirement
- Pension Wise guidance needs to be fit for purpose to help people plan appropriately
CERA: the Globally-Recognised Risk Management Credential Reaches 2,500!!!
6 March 2015
IFoA responds to recommendation for new Pensions Commission by International Longevity Centre
23 February 2015
- Policy makers need to take stock of recent changes
- Managing financial risks now responsibility of individuals
- Individuals need help dealing with the big risk of running out of money in retirement