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I would like to take this opportunity to wish all members and friends of the IFoA a very happy Chinese New Year.
Looking forward to the year ahead, I know the rooster is one of the most energetic, optimistic and confident of signs, and in that spirit I hope that we can work together to push actuaries and the IFoA to the forefront of people’s thinking. I am particularly excited about the IFoA’s Asia conference being held this May in Hong Kong and I hope to see many of you there, both old friends and new. With all the best for the year ahead.
Once the exam results have been released we provide an exam counselling service for students who were unsuccessful in the the CA, ST and SA subjects
Andrew Chamberlain, Chair of the IFoA’s Life Board, appeared today before the Treasury Select Committee, at a hearing on the subject of ‘EU Insurance Regulation’.
The Institute and Faculty of Actuaries (IFoA) entered into a joint venture agreement with the Society of Actuaries (SOA) on 20 October 2016. As a consequence of that agreement, and the creation of a new company, CAA Global Limited, to administer, develop and promote the CAA qualification globally, the IFoA will close its current Student Actuarial Analyst category of membership to new members.
Andrew Chamberlain, Chair of the IFoA’s Life Board, will be giving oral evidence to the Treasury Select Committee hearing on EU Insurance Regulation.
Following our written submission in November, the IFoA was invited to give evidence in person to the Treasury Select Committee (TSC) on their inquiry into the future of the UK’s insurance regulation; this took take place on 17 January. The evidence given forms the basis of a special sessional meeting
Organisations that employ at least three qualified actuaries are encouraged to appoint a CPD Co-ordinator
Professional Standards Directory: Update 41
Members are reminded that If you haven’t already paid your membership subscription for 2016/17, then you should do so before 31 December to avoid your membership lapsing.
Details of your subscription can be found on the member’s area of the website.
The Regulation Board of the Institute and Faculty of Actuaries (IFoA) has published its Risk Outlook paper which provides an analysis of the risks facing the public, as relevant to actuaries and their work.
It also sets out the IFoA’s thinking in relation to the mitigants to those identified risks, for example, the issuing of Risk Alerts.
Download the Risk Outlook paper.
Other actuary news
Added: Fri, 06/10/2017 - 15:06Some 65% of UK businesses have adopted at least one financial technology application, saving an average of £5,500 in the process.
Added: Fri, 06/10/2017 - 12:03From today until the rest of the year, the average retired couple living in the UK will have to find alternative sources of income to their state pension in order to cover their spending.
Added: Thu, 05/10/2017 - 15:45The UK's over-50s are becoming increasingly adventurous with their finances in the face of political and economic uncertainty, according to the findings of a new survey by Retirement Advantage.
Added: Thu, 05/10/2017 - 12:00Just 2% of UK-based commercial lines insurance brokers have contingency plans to move part or all of their business operations to the EU after Britain separates from the bloc.
Added: Wed, 04/10/2017 - 15:49The UK economy's carbon intensity fell by 7.7% last year almost three times the global average of 2.6% and greater than any other country in the G20.
Added: Wed, 04/10/2017 - 14:50Insurance firms that carried out a significant acquisition in 2016 saw their share price perform worse on average than those that didn't for the first time in six years.
Added: Wed, 04/10/2017 - 13:10Just 47% of recommended defined benefit (DB) pension scheme transfers made since 2015 in the UK were suitable, according to research by the Financial Conduct Authority (FCA).
Added: Fri, 29/09/2017 - 13:45Some 66% of UK firms haven't heard about, or don't have any plans to comply with new General Data Protection Regulation, despite potentially being fined up to €20m (£17.7m).
Added: Thu, 28/09/2017 - 15:26Three million members of defined benefit (DB) pension schemes in the UK have only a 50/50 chance of receiving their benefits in full, according to a report from the Pensions and Lifetime Savings Association (PLSA).
Added: Wed, 27/09/2017 - 13:00The combined insured losses incurred from Hurricane Maria, Irma, and Harvey, could reach up to $145bn (£108bn), according to estimates from catastrophe modeling firm AIR Worldwide.