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Over the past three years the IFoA has been carrying out a review of all aspects of our learning offer.
Katy Little, Policy and Public Affairs Assistant, looks at Boris Johnson's new Cabinet and how this will impact on the IFoA's policy work.
Earlier this year, the Cashless Society working party engaged with the "Access to Cash” review and attended its first roundtable. Recently, one of its members also attended a Payment Services Regulator led event focused on reviewing the structure of the Link interchange fees. Moreover, its “Cashless Society in 2018” paper has been attracting interest, notably as supporting material for a House of Commons session in May about financial exclusion and access to cash.
In the second of our series on the work of the IFoA’s Practice Area Boards, Martin Noble, outgoing Chair of the IFoA’s General Insurance Practice Area Board, sets out recent achievements and his ambitions for the Board.
Voting members of the Institute and Faculty of Actuaries (IFoA) are called upon to vote on the election of the following individuals as Honorary Fellows nominated in 2018. These nominees are held by Council to have given service to the actuarial profession, directly or through achievements in related fields.
How to vote
In response to feedback in the 2018 membership survey, subscription rates for Fellows and Students have been reduced for 2019/2020 to offer greater value for IFoA members.
The new rates are as follows:
- Fellow £715 (down from £730)
- Fellow (partial) £360 (down from £365)
- Students £236 (down from £241)
Other membership categories will be frozen at 2018/2019 levels for the next year and practising certificate fees will also be unchanged.
Congratulations to all our recent qualifiers on their new status as Associates, Fellows and Chartered Enterprise Risk Actuaries.
To celebrate your success your names have been published in Friday 26 July's copy of The Times newspaper.
View the qualifiers lists:
In this blog, Dr Mark Farrell FIA, discusses the challenges faced by today’s graduates and the skills they need to meet the rapid changes in the actuarial profession.
Watch this space for the Pensions Board end of session report 2018/2019.
Watch this space for the Finance and Investment Board end of session report 2018/2019.
Other actuary news
Added: Fri, 02/08/2019 - 17:45The Pensions Regulator (TPR) has blasted the unacceptable performance of small pension schemes in the UK and told them to improve or leave the market.
Added: Fri, 02/08/2019 - 12:28There was a bigger increase in mergers and acquisitions (M&A) completed by insurers in the first half of 2019 than in any six-month period over the last four years.
Added: Thu, 01/08/2019 - 13:17The world's largest fund manager, BlackRock, has lost more than $90bn (£74bn) investing in fossil fuel companies over the last decade, according to economists.
Added: Wed, 31/07/2019 - 16:10A record £2.75bn was withdrawn from pension savings in the second quarter of this year through flexible payments, according to figures released today by the UK government.
Added: Wed, 31/07/2019 - 14:18The average fee for an active global equity mandate has fallen by 11% since 2017 following increased competition and pressure from cheap index-tracking products.
Added: Tue, 30/07/2019 - 12:10The proportion of work completed using automation in the UK has more than doubled over the last three years, research from Willis Towers Watson (WLTW) has found.
Added: Mon, 29/07/2019 - 14:35Women in the UK typically save less than one-third of what their male counterparts do for retirement, research by the Pensions Policy Institute (PPI) has uncovered.
Added: Fri, 26/07/2019 - 17:30The global economy will lose $5.2trn (£4.19trn) over the next five years because of cyber crime, with insurers, banks and capital markets facing a $700bn hit.
Added: Wed, 24/07/2019 - 16:30The alternative protein market will see its value rocket from $19.5bn (£15.6bn) to $100bn within 15 years, an investor network with over $5trn in assets under management has predicted.
Added: Wed, 24/07/2019 - 15:46Non-life insurers across the UK and Ireland think that Brexit poses a bigger risk to their solvency than IFRS 17, an annual survey by Lane Clark & Peacock (LCP) has uncovered.