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We are considering nominations for the Brian Hey Prize.
The prize was established 20 years ago, and has served as a reminder, that research excellence is an indispensable ingredient to the success of the GI actuarial community. Past winning papers were penned on an excitingly wide range of topics by a diverse set of authors, reflecting the multitude of challenges faced by the GI industry.
Yours could join them this year!
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.
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.
Other actuary news
Added: Thu, 15/08/2019 - 15:01The first six months of this year saw UK FinTech companies attract nearly double the investment they did over the same period in 2018, although funding declined sharply worldwide.
Added: Wed, 14/08/2019 - 13:01The UK's largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus.
Added: Tue, 13/08/2019 - 18:01UK pension schemes recently completed their busiest ever 12-month period for buy-ins and buyouts, data from Lane Clark & Peacock (LCP) has revealed.
Added: Mon, 12/08/2019 - 15:45Artificial intelligence (AI) will help underwrite $20bn (£17bn) worth of insurance premiums by 2024, a more than fifteen-fold increase on the £1.3bn forecast for this year.
Added: Fri, 09/08/2019 - 17:00A whopping 99% of claims made on cyber insurance policies were paid out in the UK last year, according to research by the Association of British Insurers (ABI).
Added: Thu, 08/08/2019 - 12:57Global commercial insurance prices increased more in the last quarter than in any other three month-period over the last seven years, new data from Marsh has revealed.
Added: Tue, 06/08/2019 - 14:45HSBC's UK pension scheme has completed a £7bn longevity risk transfer with the Prudential Insurance Company of America (PICA), covering half of the bank's pensioner liabilities.
Added: Mon, 05/08/2019 - 14:35The UK government should force pension schemes to be more transparent about investment costs and how much they charge savers, MPs have recommended today.
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.