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The Risk Management Board is championing exciting initiatives to grow a vibrant and thriving risk community and is looking for two new members who would like to be a part of this.
IFoA Disciplinary Board member Jim Webber takes a look back over the IFoA Disciplinary and Capacity for Membership Schemes in 2018. More detail is available in the Disciplinary Board’s Annual Report.
New Capacity for Membership Scheme
Last year marked a major change in our disciplinary process with the introduction of the Capacity for Membership Scheme on 1 February 2018.
The data visualisation working party was established in 2017, with Rob Black (Standard Life) taking on the role as Chair in March 2018. The main goal of data visualisation is to communicate information clearly and effectively through graphical means and, by maintaining a library of data visualisation techniques, their vision is that actuaries should have:
Support the IFoA’s research work on behavioural finance
The IFoA’s Actuarial Research Centre is sponsoring academic research into the behavioural aspects of pension scheme decision-making. This could be significant for actuaries working in the areas of investment advice, asset-liability matching, liability-driven investments and investment risk management, within institutional investors, such as insurance companies and defined benefit pension schemes.
IFoA Disciplinary Board member, Kevin Doerr, explains how the IFoA disciplinary process helps members, employers and the public interest - even if you never have to use it.
The number of allegations and adjudications handled by our Disciplinary and Capacity for Membership processes numbered under 15 and 20 this year and the vast majority of our members will never come in to contact with the Schemes.
The IFoA has appointed Stephen Redmond as Lay Chair of its Disciplinary Board, with effect from 28 February 2019.
IFoA Disciplinary Board member Simon Martin explains the IFoA’s disciplinary process and the fundamental role it plays in safeguarding our profession.
In this blog, Matthew Levine, IFoA Policy Manager gives an overview of the IFoA’s recent work on infrastructure
Podcast: Shifting the Trillions on the role of Engagement and Divestment in Forcing Big Oil Companies to Decarbonise
Listen in to Carbon Tracker founder Mark Campanale with the inside word from the City on what the fast growing fossil fuel divestment movement has achieved and how shareholder engagement with big oil companies like Exxon, BP and Shell is forcing them to change their business models to align with the Paris Climate Agreement.
The Resource and Environment Board is looking for a proactive volunteer to help in leading and implementing their digital content strategy. In this exciting new role, you will work effectively to engage actuarial communities through various digital channels.
Other actuary news
Added: Fri, 12/04/2019 - 18:00Insurers will have to offer personalised policies delivered in real-time if they are to thrive in a 'post digital' era, consultancy firm Accenture has warned.
Added: Tue, 09/04/2019 - 16:10Around one in eight UK organisations think they will offer collective defined contribution (CDC) pension schemes within the next six years if the required legislation is passed.
Added: Mon, 08/04/2019 - 17:55World-leading insurance legislation has helped position the UK as the number one location for a mass-market rollout of connected and autonomous vehicles (CAVs).
Added: Mon, 08/04/2019 - 15:15UK car insurance premiums fell by £100 over three months after the government announced changes to the way insurers calculate whiplash compensation last December.
Added: Fri, 05/04/2019 - 15:41Millions of UK workers will start saving more for their retirement tomorrow, but less than half of employees even know the details, a survey by Aviva has found.
Added: Fri, 05/04/2019 - 11:09Investors are consistently underpricing the potential impacts of climate change on their assets, and need to reassess their vulnerability to an increasing number of risks.
Added: Thu, 04/04/2019 - 18:37UK savers will soon be able to see all their pension savings in one place after the government today unveiled proposals for a series of dashboards that could come online later this year.
Added: Wed, 03/04/2019 - 11:10Most of the UK's pension industry expects collective defined contribution (CDC) schemes to fail, a survey by the Pensions Management Institute (PMI) has found.
Added: Tue, 02/04/2019 - 14:42Strong investment in intelligent automation (IA) technology has failed to deliver fast enough returns, with many projects stuck in pilot mode as firms struggle to scale.
Added: Mon, 01/04/2019 - 16:30A rising number of large and complex risks have rendered the Asian commercial insurance market unsustainable, Willis Towers Watson (WLTW) has warned.