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We are currently experiencing technical problems with the telephone lines to the Oxford office. This is being investigated and we hope it will be resolved shortly
All CT, CA1, ST and SA exams now have 15 minutes reading time at the start, but there are some rules about what you can and can’t use this time for.
Reading time aims to give you a chance to read the exam paper in full, to plan the order in which you will approach the questions, and to consider how to structure your answers.
The new rules are given below, and will take effect from the September 2016 session. These apply to all subjects.
New mortality research initiatives and update on the fall in UK (period) life expectancies UK Mortality and Longevity Update- May 2016. Bennett and Ezatti (see sec 1.4) think previous forecasts are pessimistic. The CMI (see sec 1.2) thinks previous forecasts are optimistic. The ONS (see sec 1.3) publishes its 2014-based projections on 29 Oct 2015.
Human Mortality Database is in danger (see sec 2)
The CMI Income Protection Committee is keen to hear from potential new volunteers.
The Institute and Faculty of Actuaries (IFoA) has awarded the Quality Assurance Scheme (QAS) accreditation to Quattro Pensions Consulting Limited after their successful application for inclusion in the flagship scheme
The IFoA is pleased to announce that Pamela Robertson, Senior Actuarial Analyst, Lloyds Banking Group, Edinburgh has become its 500th member to earn the prestigious CERA (Chartered Enterprise Risk Actuary) credential.
The outcome of the EU referendum saw a majority of the electorate vote in favour of leaving the European Union.
Margaret de Valois Chair of the Cornwall Council Remuneration Panel discusses the relevance of her actuarial skill set in chairing the Cornwall Council Independent Remuneration Panel Report & Recommendations – 2016.
Next Tuesday 12 and Wednesday 13 July the IFoA members' lounge will be in use for filming. We regret it will not be possible to offer study facilities on these two days.
On 31 May, Xiaoxuan (Sherwin) Li, a Career Ambassador for the Institute and Faculty of Actuaries in China, visited the Beijing Technology and Business University (BTBU).
Other actuary news
Added: Mon, 11/09/2017 - 14:48Some 40% of UK-based businesses say a transition period after the UK leaves the EU will enable them to make investment and recruitment decisions currently put on hold.
Added: Fri, 08/09/2017 - 17:34The top three threats that organisations face when it comes to securing personal data are ransomware, insider threats, and denial of service.
Added: Thu, 07/09/2017 - 12:57The Ministry of Justice has today revealed measures to change the way compensation payouts are calculated following a consultation in March.
Added: Wed, 06/09/2017 - 12:49Some 20% of the profits generated by global companies are at risk if carbon prices increase to the levels required to limit global temperature rises to 2C.
Added: Tue, 05/09/2017 - 15:13Economic gains made from digitalisation, robotics and artificial intelligence (AI) should be used to reverse government policies to raise the state pension age, the Trades Union Congress (TUC) has said.
Added: Tue, 05/09/2017 - 13:38The UK's service sector experienced its weakest rise in business activity since September 2016 last month, according to the latest IHS Markit/CIPS UK Services PMI survey.
Added: Mon, 04/09/2017 - 18:30The value of cryptocurrency transactions are set to surpass $1trn (£0.77trn) this year more than 15 times the level recorded in 2016.
Added: Mon, 04/09/2017 - 14:16The world's largest 300 pension funds saw their assets under management increase in value by 6.1% in 2016 after a 3.4% decline the previous year.
Added: Mon, 04/09/2017 - 11:20There was £218m of investment into UK-based InsurTech companies in the first half of 2017, compared with just £7.3m the year before, according to new research from Accenture.
Added: Fri, 01/09/2017 - 17:15The amount of money put into cash individual saving accounts (ISAs) fell from £58.7bn in 2015/16 to £39.2bn in 2016/17, according to statistics released by HM Revenue and Customs yesterday.