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The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.
Visit the new Banking Lifelong Learning webpage which brings together resources and information for those interested in Banking as a career option.
Five of our members showcase their journey into banking and their continuing careers in a collection of case studies
There are links to resources and courses to get you started.
In this article, virus-hunters in jungle hot spots and labs give their views on the challenges and cause for optimism in identifying new viruses and preventing another major international pandemic. It explores factors that make disease emergence more likely or change the pattern of disease, such as deforestation and the illegal trade in wild animals, anthropogenic climate change and extreme weather events such as drought and flooding.
A discussion paper, prepared by the Resource and Environment Working Group (REWG) of the International Actuarial Association (IAA), examines the natural and human risks to water resource systems. It illustrates these water resource risks by considering three representative systems: those in New York City, Mexico City and India. A generalised risk register is developed that identifies and classifies the risks that all such systems face. Each of the three representative systems is then assessed using the risk register as a starting point.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers week 48 of 2020 (21 November to 27 November) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 8 December 2020.
The key points of this update are:
General Insurance actuaries are encouraged to complete the following survey, set up on behalf of the IFoA, as part of the response to HM Treasury on post-Brexit changes in Solvency II.
The IFoA aims to submit a response in January 2021 and survey results will be considered in this final write up. The UK Government is looking for opinions on changes in SCR, Risk Margin, Discount Rates, Reporting, Climate Change and Matching Adjustment.
Volunteers of the ICAT workstream F&I1 and the Economics MIG have joined forces to produce the following ‘round-up’ of activity capturing interesting news and events over the last month.
These updates will appear in the monthly ICAT Newsletter with links on the Economics MIG webpage.
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. The latest update covers week 47 of 2020 (14 November to 20 November) based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 1 December 2020.
The key points of this update are:
As the world adapts to a new way of working, we want to make sure that the Finance and Investment (F&I) program of events being put forward for our members is right for you; both in terms of content and delivery. We would be very grateful if you could spend just 5 minutes of your time completing the attached survey, the results of which will feed in to our events programming for both next year and beyond.
Anna Spender, Health & Care Board Member provides an update.