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Watch this space for the Finance and Investment Board end of session report 2018/2019.
There is a “climate emergency” and it poses material financial risks that could threaten the security of members’ benefits. My contention is that significant pension funds should be obliged to publically disclose how they are managing their climate-related financial risks. They can do this by making available to the public their report and accounts, and, where not already covered by this document, disclosures showing the extent to which they have followed the recommendations of the FSB TCFD.
In this blog, Comfort Ajoku, Trainee Actuary at the Government Actuary's Department (GAD) talks about GAD's role as it celebrates its 100th anniversary.
The Life Research Sub-committee is seeking volunteers to join a new working party on the role of actuaries in new product delivery.
The working party will examine the following questions:
From sessional details to the one day conference, the Pensions calendar is beginning to populate so now is the time to put these in your diaries. Make a note of the dates
From sessional information to workshops, the Finance and Investment calendar is starting to fill up. Make a date of the notes
The first Banking MIG webinar was held in July, attracting well over 300 hundred participants. Here you can hear them share their experiences of how they got into banking, as well as their thoughts on how actuaries can enter the banking profession. Watch the webinar
There is no better time to join the Finance and Investment LinkedIn group. With well over a hundred members, this is a platform for Actuaries around the world to link up and discuss any topics within the Finance and Investment world. Join the Group
Emma Gilpin and Caryn Chua blog about the IFoA Quality Assurance Scheme (QAS) award.
A historic accreditation
This July we were delighted to be in Bangkok along with IFoA President Elect Tan Suee Chieh to award the QAS accreditation to AIA Thailand.
Other actuary news
Added: Thu, 01/08/2019 - 13:17The world's largest fund manager, BlackRock, has lost more than $90bn (£74bn) investing in fossil fuel companies over the last decade, according to economists.
Added: Wed, 31/07/2019 - 16:10A record £2.75bn was withdrawn from pension savings in the second quarter of this year through flexible payments, according to figures released today by the UK government.
Added: Wed, 31/07/2019 - 14:18The average fee for an active global equity mandate has fallen by 11% since 2017 following increased competition and pressure from cheap index-tracking products.
Added: Tue, 30/07/2019 - 12:10The proportion of work completed using automation in the UK has more than doubled over the last three years, research from Willis Towers Watson (WLTW) has found.
Added: Mon, 29/07/2019 - 14:35Women in the UK typically save less than one-third of what their male counterparts do for retirement, research by the Pensions Policy Institute (PPI) has uncovered.
Added: Fri, 26/07/2019 - 17:30The global economy will lose $5.2trn (£4.19trn) over the next five years because of cyber crime, with insurers, banks and capital markets facing a $700bn hit.
Added: Wed, 24/07/2019 - 16:30The alternative protein market will see its value rocket from $19.5bn (£15.6bn) to $100bn within 15 years, an investor network with over $5trn in assets under management has predicted.
Added: Wed, 24/07/2019 - 15:46Non-life insurers across the UK and Ireland think that Brexit poses a bigger risk to their solvency than IFRS 17, an annual survey by Lane Clark & Peacock (LCP) has uncovered.
Added: Tue, 23/07/2019 - 13:48A large number of UK pension schemes are failing to deliver on The Pensions Regulator's (TPR) governance and trusteeship expectations, a new survey has found.
Added: Mon, 22/07/2019 - 13:16More than half of insurance companies are developing new IT operating models to support cloud technology, a global survey by consultancy firm Accenture has uncovered.