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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.
On the evening of Monday 22 October, David Hare, President Elect of the Institute and Faculty of Actuaries, presented Professor Mary Hardy with the Finalison Medal before an audience of members, family and friends at a Sessional Research meeting at London's Staple Inn.
On Tuesday evening, we were delighted to welcome over 50 business leaders, academics and MSPs to a reception at the Scottish Parliament to celebrate the new Actuarial Research Centre (ARC).
The Institute and Faculty of Actuaries is to award ten actuaries with the Chartered Enterprise Risk Actuary (CERA) qualification in recognition of their exceptional roles as thought leaders in the field of enterprise risk management.
The Institute and Faculty of Actuaries is pleased to announce the appointment of Iraj Amiri as the Chair of its Audit and Governance committee.
In accordance with the governance provisions of the Practising Certificates Scheme (see Annex A4 of the PC Scheme document), a review has been carried out of the operation of the PC Scheme based on feedback received from applicants and Practice Executive Committees.
The Treasury has published its response to last year's European Court of Justice ruling of 1 March 2011 that insurance benefits and premiums should be gender neutral. The response can be found here.
The Conflicts of Interest Working Party has now put the final touches to its package of conflicts of interest material.
The CMI has published Working Paper 62 which presents a preliminary analysis of the CMI SAPS mortality experience for the period 2003 to 2010, based on data collected by 30 June 2011.