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Feedback from the Protection, Health and Care Conference 2018
19 October 2018
Brighton played host to the 2018 PHC Conference, held in May, attracting 150 delegates and presenters. The attendees enjoyed two days of insightful and challenging presentations mixed with the opportunity to network with other actuaries working in the protection industries. This included a number of actuaries working outside the UK.
Support the IFoA Life Board: current volunteer opportunities
19 October 2018
The IFoA is currently seeking experienced volunteers for vacancies in the Life practice area:
What do we really know about money?
19 October 2018
We’ve all had a good education and learned about everything from finger painting to Fibonacci numbers. But how many of us were educated about money; the importance of budgeting and saving for a rainy day; how bank accounts and debt works; and whether it makes sense to save for a pension or not?
IFoA publish Cyber operational risk scenarios for insurance companies
18 October 2018
IFoA publish Cyber operational risk scenarios for insurance companies
The research paper, published by the IFoA’s Cyber Risk Investigation working party was launched at the Sessional Research Event: Cyber Operational Risk Scenarios for Insurance Companies.
Where should you specialise as an actuary?
17 October 2018
In this blog, Chloe Hung, Amazon best-selling author, talks about the range of specialities you can go into as you train as an actuary.
Traditional actuarial work is largely divided into three main areas: life insurance, general insurance and pensions. All three areas offer great career opportunities but there are pros and cons to each area.
Spotlight on UK social care
12 October 2018
Henry Thompson, IFoA Policy Manager explains why the UK political party conferences are such a great opportunity to highlight the expertise of the actuarial profession and promote the public interest
Risk Management and Business Ethics
11 October 2018
Ethical issues are rising in prominence and risk managers need to keep pace with a highly dynamic environment. Ethical questions span a wide spectrum – sustainable investing, customer outcomes and, increasingly, wider business practices, conduct and culture. Best practice corporate governance guidelines are now requiring risk managers to challenge decisions that involve ethical dilemmas.
The Cashless Society Working Party latest addendum raises a new issue: the environmental sustainability of cash and payment technologies
10 October 2018
The interim paper “ A Cashless Society: Benefits, Risks and Issues” assessed a number of key economic aspects with a view to balance the arguments, and documented a log of 20 risks and issues.
Now in its second phase of research, the Working Party is exploring further implications of a cashless society. This paper focuses on the environmental perspectives of a cashless society, and proposes to add a new issue to the register.
This paper explores four key areas:
Shaping UK Climate Policy
10 October 2018
A recent research report by the Grantham Research Institute at the LSE assesses the role of the independent Committee on Climate Change (CCC) in shaping UK climate policy. The report’s supportive conclusions enable lessons to be drawn for both domestic and international climate policymakers.
Shell Pension Fund Member Threatens Legal Action
10 October 2018
ClientEarth has recently published an article reporting that a member of Shell’s pension fund has warned that they will take the fund to the Pensions Ombudsman for maladministration – unless it can prove it is managing its climate-related risk.
ClientEarth is supporting the member’s case, which follows only two months after an Australian pension fund member launched a similar action against his pension fund.
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Other actuary news
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Master trust use to double within three years
Added: Wed, 24/10/2018 - 16:30The number of UK businesses with a master trust as their main defined contribution (DC) pension scheme is set to more than double over the next three years. -
$163bn global insurance gap identified
Added: Wed, 24/10/2018 - 13:40A global insurance protection gap of $163bn (£126bn) threatens the livelihoods of millions of people across the world, with poorer countries some of the most at risk. -
Almost half of large claims disputed by UK insurers
Added: Tue, 23/10/2018 - 11:00UK insurers dispute nearly half of all large commercial claims, with many businesses thought to have a poor understanding of the conditions and limitations of their policies. -
Concerns raised over management of with-profits funds
Added: Mon, 22/10/2018 - 17:45UK insurers have been told to review the management of with-profit funds after research from Barnett Waddingham found significant variations in returns. -
Insurers call for delay to IFRS 17
Added: Fri, 19/10/2018 - 13:10Nine insurance organisations have written to the International Accounting Standards Board (IASB) calling for a two-year delay to the introduction of IFRS 17. -
'Very few' UK employers happy with pension tax structure
Added: Thu, 18/10/2018 - 18:15The majority of UK employers believe the current pension tax structure is too complicated, research from the Association of Consulting Actuaries (ACA) has found. -
UK regulator outlines expectations for insurance firms managing climate risk
Added: Mon, 15/10/2018 - 14:06The Bank of England's Prudential Regulation Authority (PRA) has today published a consultation paper outlining how insurers should best manage the financial risks of climate change. -
Car insurance premiums rise for first time in 12 months
Added: Mon, 15/10/2018 - 12:00UK drivers saw their car insurance premiums rise for the first time in 12 months over the latest quarter, according to data from Confused.com and Willis Towers Watson (WLTW). -
Bitcoin 'on the brink of an implosion'
Added: Fri, 12/10/2018 - 15:44The entire cryptocurrency market is on the brink of collapse following a steep decline in the value of Bitcoin over the last year, according to analysis by Juniper Research. -
Ageing population drives growth in biotech venture capital investment
Added: Thu, 11/10/2018 - 18:13Pharma and biotech firms have attracted well over $19bn (£14.4bn) in venture capital investment worldwide this year, considerably more than was recorded over the whole of 2017.