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April 2020 exam sessions update
24 February 2020
Exam entry for the April 2020 exams is now closed.
Life Conference Organising Committee 2020 - seeking additional members
14 February 2020
The Life Conference Organising Committee 2020, is seeking to recruit up to five additional members, who could be IFoA Fellows or Associates or academics with expertise in actuarial, life insurance or related fields to volunteer to join their group.
Life Conference is the largest of the annual IFoA Conferences, atracting over 1,000 delegates. This is a really rewarding and enjoyable conference to be invovled in the programming and development of, and I would really encourage you to consider applying for the committee member role,
Life Research Sub-committee update on membership and research topics
14 February 2020
The Life Research Sub-committee, is seeking to recruit up a Chair, Deputy Chair and up to two new members, who could be IFoA Fellows or Associates or academics with expertise in actuarial, life insurance or related fields to volunteer to join this Sub-committee to help drive the development of actuarial practice in the Life area. Full details of this and all volunteer opportunities can be found on our
Prediction: A Cashless Society in 2030?
13 February 2020
The world of cash has been under enormous pressure. A tense 2018 led to a tumultuous 2019: Facebook’s sudden announcement of plans to launch its Libra cryptocurrency with a consortium of companies caused consternation, uniting all regulators against the project. As the Cashless Society Working Party releases “A Cashless Society in 2019”, its author Sabrina Rochemont shares her predictions for 2030, a decade on.
Failing to respond to the Inevitable Policy Response to climate change
12 February 2020
Carbon Tracker, a financial thinktank, have recently released their report titled ‘Handbrake Turn: The cost of failing to anticipate an Inevitable Policy Response to climate change’, warning that climate policy changes could have an abrupt impact on the global oil industry by derailing fossil fuel demand. The report modelled the impact of a swift government crackdown on fossil fuels from 2024, predicting that the impact could cause the global oil price to collapse, significantly reducing the value of fossil fuel investments.
UN launches new initiative to spur private sector progress towards the SDGs
12 February 2020
The UN Global Compact recently announced SDG Ambition, an initiative that aims to provide organisations with a management framework to help them incorporate the SDGs into their business operations with just a decade to go before the 2030 deadline for the goals. It will also provide guidance on how they can measure and manage their performance against a range of targets set by the SDGs.
Edinburgh University launches Sustainable Finance programme
12 February 2020
Edinburgh University’s Business School will host the new three-part programme from April 2020 for sustainable finance practitioners. Conducted across three full days over three months, the programme combines theory with practical workshops to develop skills applicable to participants’ day-to-day work. Participants have the opportunity to learn from expert academics and practitioners as well as build sustainable finance knowledge and support networks. The course is aimed at those who are growing their experience in sustainable finance or anticipating a move into this field.
A Cashless Society in 2019
12 February 2020
The world of cash has been under enormous pressure. A tense 2018 led to a tumultuous 2019: Facebook’s sudden announcement of plans to launch its Libra cryptocurrency with a consortium of companies caused consternation, uniting all regulators against the project.
The Political Year Ahead
7 February 2020
Henry Thompson, the new Head of Public Affairs at the IFoA, takes a look back at some of 2019's highlights for policy and public affairs, and gives a glimpse of some projects to look forward to in 2020.
The benefits of perverse outcomes
6 February 2020
Paul Harwood, Member of the Risk Management Board, shares his thoughts.
I’ve always been fascinated with unexpected outcomes and structures that become unintentionally ironic. From five cats introduced to Marion Island to control mice (becoming a huge threat to the bird population) to Orwell’s Ministry of Truth, the counter-intuitive and simply perverse holds a slight fascination.
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Other actuary news
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UK to be 'virtually cashless' within a decade
Added: Wed, 19/02/2020 - 14:02The UK government should take steps to protect bank notes and coins to avoid the country becoming a cashless society within the next decade, experts have urged. -
DC pensions failing to measure progress
Added: Tue, 18/02/2020 - 14:05Defined contribution (DC) pension schemes in the UK are struggling to assess their effectiveness, with a worrying one in three failing to measure progress against objectives. -
Insured losses from Storm Ciara could hit £1.5bn
Added: Tue, 18/02/2020 - 11:07Insured property losses from Storm Ciara are likely to fall between £900m and £1.5bn, according to forecasts by catastrophe risk-modelling firm RMS. -
TCFD support grows to over 1,000 organisations
Added: Mon, 17/02/2020 - 14:26More than 1,000 organisations have now given their support to the Task Force on Climate-related Financial Disclosures (TCFD) amid growing regulatory and public pressure. -
Insurance M&A deals hit four-year high
Added: Mon, 17/02/2020 - 13:20The global insurance sector recorded more mergers and acquisitions (M&A) last year than at any point since 2015, research from law firm Clyde & Co has revealed. -
Tesla could spark insurance overhaul
Added: Fri, 14/02/2020 - 14:20Tesla's move into the commercial insurance market could spell the beginning of the end for some incumbent motor insurers if other carmakers follow its lead. -
Financial services companies expect mass AI adoption
Added: Tue, 11/02/2020 - 15:35Nearly two-thirds of executives at financial services companies expect to be mass adopters of artificial intelligence (AI) within two years, compared with less than a fifth today. -
Global pension assets grow 15%
Added: Tue, 11/02/2020 - 14:30Institutional pension fund assets in the world's 22 largest markets soared by 15% to $46.7trn (£36.1trn) last year, research by the Thinking Ahead Institute has found. -
Property insurance policies exposing businesses to growing cyber risks
Added: Tue, 11/02/2020 - 13:40A growing number of UK commercial property insurers are removing all elements of technologyrelated cover from their policies, exposing businesses to greater cyber risks. -
Half of pension savers prioritise ESG over returns
Added: Fri, 07/02/2020 - 14:55Almost half of UK pension savers believe environmental, social and governance (ESG) considerations are more important for their investments than returns, new research has uncovered.