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Election of Honorary Fellows
29 July 2019
Voting members of the Institute and Faculty of Actuaries (IFoA) are called upon to vote on the election of the following individuals as Honorary Fellows nominated in 2018. These nominees are held by Council to have given service to the actuarial profession, directly or through achievements in related fields.
How to vote
Subscriptions rates reduced
26 July 2019
In response to feedback in the 2018 membership survey, subscription rates for Fellows and Students have been reduced for 2019/2020 to offer greater value for IFoA members.
The new rates are as follows:
- Fellow £715 (down from £730)
- Fellow (partial) £360 (down from £365)
- Students £236 (down from £241)
Other membership categories will be frozen at 2018/2019 levels for the next year and practising certificate fees will also be unchanged.
Congratulations to all our qualifiers
26 July 2019
Congratulations to all our recent qualifiers on their new status as Associates, Fellows and Chartered Enterprise Risk Actuaries.
To celebrate your success your names have been published in Friday 26 July's copy of The Times newspaper.
View the qualifiers lists:
5 Key Skills for Graduating Actuaries
25 July 2019
In this blog, Dr Mark Farrell FIA, discusses the challenges faced by today’s graduates and the skills they need to meet the rapid changes in the actuarial profession.
Pensions Board end of session report
23 July 2019
Watch this space for the Pensions Board end of session report 2018/2019.
Finance and Investment Board end of session report
23 July 2019
Watch this space for the Finance and Investment Board end of session report 2018/2019.
Climate change – shining more light on pension funds
22 July 2019
The proposal
There is a “climate emergency”[1] 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[2].
100 years of GAD
22 July 2019
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.Practice Area Boards: driving IFoA outputs
22 July 2019
In the first of a series on the IFoA’s Practice Area Boards, Grahame Stott, Chair of the IFoA’s Management Board, sets out what the work of the Boards and their sub-committees has delivered over the last year.
Other blogs in this series:
Life Board working party launched on the role of actuaries in new product delivery
19 July 2019
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:
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.Pages
Other actuary news
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Motor insurance claims inflation on the rise
Added: Tue, 27/08/2019 - 11:41UK motor insurers paid out 8.6% more per claim in 2018 on average than they did the previous year, and these costs are set to rise further amid Brexit uncertainty. -
Cyber security breaches to rise 70% by 2024
Added: Fri, 23/08/2019 - 12:55Cyber security breaches will increase by nearly 70% over the next five years and cost businesses around $5trn (£4trn) annually, up from approximately $3trn today. -
Fund manager communication critical for investors, study finds
Added: Thu, 22/08/2019 - 13:48Almost three-quarters of institutional investors believe it is important for them to have direct and regular contact with fund managers, a global study has found. -
Huge rise in W&I insurance claims recorded
Added: Wed, 21/08/2019 - 16:00Warranty and indemnity (W&I) insurance claims have increased hugely in recent years amid a growing number of mergers and acquisitions (M&A), research from Marsh has found. -
UK government urged to raise state pension age to 75
Added: Tue, 20/08/2019 - 16:20The UK's state pension age is unsustainable and should be raised to 70 by 2028 and 75 by 2035, the Centre for Social Justice (CSJ) think tank has recommended. -
Two in five drivers unaware of telematics insurance savings
Added: Mon, 19/08/2019 - 14:45More than two out of five UK drivers are unaware that they could save money by switching to telematics-based car insurance, a YouGov survey has uncovered. -
Pension contributions ranked by sector
Added: Fri, 16/08/2019 - 13:29Financial services provide their employees with higher pension contributions as a percentage of salaries than any other sector, a new study of UK industries has revealed. -
UK FinTech investment nearly doubles
Added: Thu, 15/08/2019 - 15:01The first six months of this year saw UK FinTech companies attract nearly double the investment they did over the same period in 2018, although funding declined sharply worldwide. -
FTSE 350 pension deficits plummet
Added: Wed, 14/08/2019 - 13:01The UK's largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus. -
Pension buyouts hit record high
Added: Tue, 13/08/2019 - 18:01UK pension schemes recently completed their busiest ever 12-month period for buy-ins and buyouts, data from Lane Clark & Peacock (LCP) has revealed.