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Through the Singapore Actuarial Society, the Institute and Faculty of Actuaries has been approached to draw members' attention to the 17th East Asian Actuarial Conference that is taking pace in Resorts World Sentosa, Singapore, 15-18 October 2013.
Key changes to the funding structure and publications of the CMI came into effect on 1 March 2013.
The Profession is delighted to announce the unveiling of the Staple Inn Actuarial Society sundial, which marks SIAS's Centenary in 2010.
Important information for members including:
Important information for:
David Hare, President-Elect of the Institute and Faculty of Actuaries (IFoA), comments on the publication of the Department for Work and Pensions (DWP) White Paper on State Pensions Reform.
A revised version of actuarial standard TM1 (AS TM1) has just been published by the FRC (v3.0 December 2012). This applies from 6 April 2013.
The way UK companies value their pension schemes could change after a proposal by George Osborne, the Chancellor of the Exchequer, to allow the use of historical interest rates.
Commenting on the Chancellor's Autumn Statement, Jane Curtis, Immediate Past President, said:
"The Institute and Faculty of Actuaries welcomes the Chancellor's announcement that the DWP will be consulting on a new statutory objective for the Pensions Regulator to consider the long term affordability of deficit recovery plans, and whether to allow companies undergoing scheme valuations in 2013 or later to smooth asset and liability values.
Sixty Scottish schools took part in the Scottish Mathematics Council's annual maths challenge 2012, which is sponsored by the Institute and Faculty of Actuaries.