Latest IFoA news
Click to filter your search
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly UK mortality analysis through its mortality monitor. This week’s update shows the position as at week 24 of 2020 (6 to 12 June) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 23 June 2020.
The key points of this update are:
At its meeting on 4 June 2020, the Institute and Faculty of Actuaries’ Council agreed to amend two of the IFoA’s Regulations:
Mahima Agarwal of the IFoA’s Diversity Advisory Group looks at the need for mental health support services, exacerbated by the coronavirus crisis.
A year after their 2019 paper "Understanding Central Bank Digital Currencies" (CBDC), the Cashless Society Working Party is revisiting the topic with a blog series. In this last blog, Orla Ward discusses the importance of trust in the monetary system.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly UK mortality analysis through its mortality monitor. This week’s update shows the position as at week 23 of 2020 (30 May to 5 June) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 16 June 2020.
The key points of this update are:
The results of the 2020 Council Elections were announced at the IFoA’s Annual General Meeting, which was held by live webinar today.
Seven members were elected to the vacant General constituency seats: Cherry Chan, Mahidhara Davangere, Mukami Njeru, Danny Quant, Kartina Tahir Thomson, Peter Tompkins, and Maribel Vasquez Flores. Three members were elected to the vacant Scottish constituency seats: Dermot Grenham, Sarah Neil, and Craig Ritchie.
Congratulations to all our new Council members, and many thanks to all who stood for election for their excellent candidacy.
The IFoA values equality and diversity in all that we do and condemns any kind of racism. Find out more about how we seek to do this on our diversity pages.
In this piece, Chika Aghadiuno, Chair of the IFoA’s Diversity Advisory Group reflects upon the Black Lives Matter movement which has shaken societies around the world and propelled issues around discrimination to the forefront of our global conversation.
Population Health Management aims to achieve the best mix of health outcomes across the diverse members of a population, given the mix of services available in the health and care system.
In 2019, the UK’s National Health Service (NHS) identified PHM as a key component of its Long Term Plan. The actuarial profession is well-placed to support the demographic, risk modelling and analytical capability required to successfully embed PHM, whilst being highly focused on the public interest and ethical issues that can arise from such techniques.
Other actuary news
Added: Tue, 21/04/2020 - 14:40This month saw the highest weekly total of deaths recorded in England and Wales since the first seven days of 2000, figures released today by the Office for National Statistics (ONS) reveal.
Added: Mon, 20/04/2020 - 16:20More than 500 private sector companies in the UK are likely to delay tackling the deficit in their pension scheme, deferring approximately half a billion pounds, new analysis has found.
Added: Mon, 20/04/2020 - 14:56Car insurance premiums have fluctuated for a fifth consecutive quarter in the UK amid continued market uncertainty, and are likely to remain volatile during the coronavirus crisis.
Added: Wed, 15/04/2020 - 17:48Countries risk undermining international climate goals if they look to environmentally unfriendly fossil fuels to stimulate their economies once the coronavirus pandemic has passed.
Added: Wed, 15/04/2020 - 16:44The combined deficit of defined benefit (DB) pension schemes covered by the UK's Pension Protection Fund's (PPF) 7800 index rose by more than £10bn over the last month amid COVID-19 uncertainty.
Added: Wed, 15/04/2020 - 15:26UK car insurers stand to lose almost £100m in new premiums as vehicle registrations plummet during the coronavirus pandemic, new analysis suggests.
Added: Wed, 15/04/2020 - 13:45The Institute and Faculty of Actuaries (IFoA) has launched a new group to lead and coordinate its response to the coronavirus crisis and is asking volunteers to help.
Added: Thu, 09/04/2020 - 18:04A global recession brought on by the COVID-19 pandemic could be one of the deepest, but also one of the shortest, on record, according to research published today by Swiss Re.
Added: Wed, 08/04/2020 - 14:55UK motor insurers have been urged to follow their US counterparts and refund drivers who are stuck at home during the coronavirus lockdown.
Added: Tue, 07/04/2020 - 17:27The Financial Conduct Authority (FCA) has announced today that it will defer the implementation of default 'investment pathways' for pension drawdown by six months due to coronavirus.