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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?
The Institute of Actuaries of India invites expression of interest to present papers at the 19th Global Conference of Actuaries, to be held on 30 and 31 January 2018.
The theme of the conference is Actuaries, Through the Crystal Ball!
The EOI will be peer reviewed according to relevance to the conference, originality of the work, specific results described, and potential impact.
Other actuary news
Added: Thu, 08/02/2018 - 13:38Rapidly converging digital technologies and societal changes have created a perfect storm for the global healthcare sector, driving intense innovation and mergers and acquisitions (M&A).
Added: Thu, 08/02/2018 - 09:30Major European insurance firms continue to facilitate dangerous climate change and lethal air pollution levels by underwriting new coal plants in Poland.
Added: Wed, 07/02/2018 - 11:29The cost of car insurance in the UK is now more than 10% of the average salary of 18-21 year-olds, according to analysis by the Association of British Insurers (ABI).
Added: Tue, 06/02/2018 - 13:54Financial, professional and technical services will be the first affected by a wave of automation set to sweep the UK in the early 2020s, with 6-8% of jobs impacted.
Added: Mon, 05/02/2018 - 11:16Pension fund assets in the world's 22 largest markets grew by $4.8trn to $41.3trn (£29.3trn) last year, according to a new report from Willis Towers Watson (WLTW).
Added: Fri, 02/02/2018 - 13:46There were 120 private technology investments made by reinsurers over the course of 2017 the highest number recorded for any year to date.
Added: Thu, 01/02/2018 - 12:25UK women typically have half the retirement savings of men by the time they reach 50, with the 'gender pension gap' found to dramatically widen with age.
Added: Wed, 31/01/2018 - 15:54Amazon, Berkshire Hathaway and JPMorgan Chase & Co have teamed up to create a new healthcare company, causing the share value of major US health and insurance firms to plummet.
Added: Wed, 31/01/2018 - 12:15There were 35 catastrophe bonds worth a total of $10.7bn (£7.6bn) issued in 2017, signifying a record year for the insurance-linked securities (ILS) market.
Added: Tue, 30/01/2018 - 13:07Increasing artificial intelligence and human-machine collaboration investment to the same levels of the world's top performing companies could boost global business revenues by almost two-fifths.