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The Health and Care Board are considering a new research project on Income Protection, to enable a better understanding of the UK Income Protection market, and the current (and possible) future issues presented by the reduction in state benefits for some customers who have private IP provisions. A research scope is currently bring put together and the board will be approaching the IFoA research and Thought Leadership Board to bid for funding for the project.
Following our consultation submission earlier this year, the IFoA has been invited to provide oral evidence to the Housing, Communities and Local Government Committee and the Health Committee as part of their joint inquiry on the funding of long-term care.
Jules Constantinou appeared before the Committees on 24 April to discuss ways of balancing State and personal funding to meet the challenges of an increasing population ageing.
Graduates who apply for work in the actuarial profession has risen by 9.1%, according to a newly published report.
The UK Graduate Careers Survey 2018, produced by High Fliers Research, is the largest annual survey of final year students at the UK’s leading universities.
In the report, actuarial work has risen by 9.1% compared to the same time last year. It is within the top three professions which has had an influx of applications from ‘transport and logistics’ and ‘technology’.
In this blog, Chloe Hung, Amazon best-selling author talks through the reality of actuarial exams alongside full-time work, and some of the mental challenges students are faced with.
Did you know that actuarial science is said to be one of the most difficult courses to study? When I first started studying actuarial science, I found myself wondering what is it that makes actuarial science so difficult?
Whether it’s attending a flagship IFoA Conference, a training event or taking part in an online webinar – events are a great way to meet your Continuing Professional Development (CPD) requirements.
If you are in CPD categories 1, 2 and 4 you are required to complete a certain number of CPD hours at external events. These can include any training or development activity which exposes you to an exchange of viewpoints and includes individuals from outside your own organisation.
As you may be aware, the biggest change in data protection for a generation, the General Data Protection Regulation, will become law on 25th May.
Like many organisations, we’re getting in contact with our members to ask them to ensure their preferences are up to date and they’re getting the right emails for them.
The Life Board and their Lifelong Learning Sub-committee have arranged this seminar, which will provide topical and practical updates and discussion on the latest thinking and innovations in mortality and longevity. The programme is designed for life, pensions and health and care actuaries eager to learn about the latest developments in mortality and longevity. The sessions are designed to be very accessible to a broad range of experience. The seminar is being chaired by Beverley Alford, Head Longevity, Legal & General.
Booking is now open for the Institute and Faculty of Actuaries (IFoA) Annual General Meeting (AGM).
The IFoA’s Annual General Meeting is an excellent opportunity to network with your peers, meet the IFoA’s Directors and share your views with the IFoA members and staff that set the strategic direction of your professional body.
This year’s Annual General Meeting will take place at Staple Inn Hall, London on the 28 June.
Our Director of Engagement and Learning, Clifford Friend, blogs on the issues raised by Dr Daniel Susskind’s new book.
On 1 May we’re delighted to welcome Dr Daniel Susskind to Staple Inn London for the latest in our professionalism lecture series entitled How Technology will Transform the Work of Human Experts.
In this blog, Chloe Hung, Amazon best-selling author talks about the resources around you which can help you build your actuarial network, from dressing appropriately to helping and supporting others.
Other actuary news
Added: Thu, 17/05/2018 - 11:29There are just a few jurisdictions in the EU where fines imposed under incoming General Data Protection Regulation (GDPR) can be covered by insurance, with Finland and Norway the only definite exceptions.
Added: Thu, 17/05/2018 - 11:20A new generational contract is required to tackle the biggest challenges facing the UK, with sweeping reforms needed to the housing market and how the NHS is funded.
Added: Wed, 16/05/2018 - 15:52Insurers are increasingly unable to find the right staff, with just one-quarter of workers in the sector prepared to use artificial intelligence (AI) systems.
Added: Wed, 16/05/2018 - 15:35Nearly one-third of UK insurance brokers admit to having a poor understanding of cyber risks, despite the majority recognising the issue as one of the most important facing the industry.
Added: Wed, 09/05/2018 - 12:40The overwhelming majority of UK insurers believe the incoming reporting standard IFRS 17 will be more costly than the Solvency II directive, new research has found.
Added: Tue, 08/05/2018 - 11:00Retirement saving is only the seventh most important financial concern for employees in the UK, with leisure and general household costs among the top priorities.
Added: Fri, 04/05/2018 - 15:51Allianz has announced today that it will no longer offer stand-alone insurance coverage for coal power plants following intense pressure from environmental groups.
Added: Thu, 03/05/2018 - 18:17Financial services companies are the most likely firms to be targeted for privacy requests following the introduction General Data Protection Regulation (GDPR) next month.
Added: Wed, 02/05/2018 - 15:04Insurers are struggling to attract young workers as senior staff head into retirement, with decisive action needed to tackle an employment crisis facing the industry.
Added: Wed, 02/05/2018 - 12:23Millions of UK adults aged 40-54 are underestimating how long they are likely to live by around a decade, leaving their financial security at risk in later life.