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The Institute and Faculty of Actuaries (IFoA) has confirmed the election of Sir Steve Webb and Dr David Bellhouse as Honorary Fellows.
Both Sir Steve and Dr Bellhouse were nominated by the IFoA’s Council. Their election was confirmed by an online members’ vote conducted over the summer.
On Friday 13th September, the IFoA’s Board of Examiners issued their final outcomes on breaches of Assessment Regulations during the April 2019 examinations; on Tuesday 17th September, the IFoA issued a further update to the original notification, confirming that details, including the appeals process for breaches of Assessment Regulations cases, would be avai
This week we’re proud to announce the launch of an innovative, pensions-focused research paper from the Actuarial Research Centre (ARC), the Canadian Institute of Actuaries (CIA) and the Society of Actuaries (SOA).
The climate-related risk alert issued in May 2017 by the IFoA stated that “actuaries should ensure that they understand, and are clear in communicating, the extent to which they have taken account of climate-related risks in any relevant decisions, calculations or advice”. Building on this, the IFoA have recently released a practical guide to climate change relating to general insurance work. Containing practical advice into how climate risks may impact the work of GI practitioners, the guide aims to assist actuaries in developing judgements and providing appropriate advice.
The ABR working party’s report and associated models are now published.
Cases have been reviewed and sanctions have included a suspension from sitting the profession’s assessments for a period of up to 2 years.
If you are a current, or recent, holder of a Scheme Actuary Practising Certificate please consider volunteering to in the Practising Certificates Committee (PCC).
The 2019 Directory of Opportunities has been refreshed this September. The Directory still provides you with an overview of our governance structure, plus all the ways you can support the profession and get involved.
The Directory can be used in a number of ways:
Author: Alex Labram
Actuaries are increasingly being asked to understand and apply the new field of Machine Learning to solve complex problems. This article explains how ML approaches differ from the classical statistics with which most actuaries will be familiar, and describes the empirical framework within which they may be applied and evaluated. Find all articles and further information on the Data Science MIG page.
Other actuary news
Added: Mon, 07/10/2019 - 15:15UK investment into green and ethical funds will have jumped by almost a quarter by the end of 2019 in comparison to last year, estimates by the EIRIS Foundation suggest.
Added: Fri, 04/10/2019 - 14:00Around six million home and motor insurance customers pay high prices and are not getting a good deal in the UK, the Financial Conduct Authority (FCA) has uncovered.
Added: Thu, 03/10/2019 - 14:43A group of female campaigners has this morning lost a High Court battle with the UK government over its controversial increase to the state pension age.
Added: Wed, 02/10/2019 - 15:30Three of the top five global risks facing businesses over the next decade are economic threats, an annual survey by the World Economic Forum (WEF) has uncovered.
Added: Tue, 01/10/2019 - 12:34UK pension scheme trustees must consider environmental, social and governance (ESG) factors when making investments decisions under new rules that came into force today.
Added: Mon, 30/09/2019 - 18:05The Pensions Administration Standards Association (PASA) has today published further guidance for schemes undertaking guaranteed minimum pensions (GMP) equalisation.
Added: Mon, 30/09/2019 - 14:03Willis Towers Watson (WTW) has recommended that the International Accounting Standards Board (IASB) make several additional amendments to IFRS 17.
Added: Fri, 27/09/2019 - 17:15Four in 10 of the UK's 100 largest listed firms have cut pension contributions for directors this year, according to research from Willis Towers Watson (WTW).
Added: Fri, 27/09/2019 - 13:10The outlook for the UK's life insurance industry remains stable, according to research by Moody's, but a no-deal Brexit threatens to undermine growth for the sector.
Added: Thu, 26/09/2019 - 14:30Insurers are among the least-trusted companies in the UK and cannot answer over half of routine questions asked of them by customers online, a new study has uncovered.