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Pension Awareness Day: Winning over the hearts and minds of UK savers
11 September 2018
In the run-up to Pension Awareness Day 2018, IFoA Policy Manager Henry Thompson challenges everyone to check the value of their pension
Launch of the World Benchmarking Alliance
11 September 2018
Mark Wilson of Aviva will formally launch the World Benchmarking Alliance (WBA) on 24 September, at an evening reception at the New York Public Library on the margins of the United Nations General Assembly 2018.
The WBA is supported by over sixty leading organisations and aims to provide consistent, comparable and publically available corporate benchmarks to measure and compare performance of companies on the Sustainable Development Goals.
AODP Ranks Pension Funds on Climate Change
11 September 2018
The Asset Owners Disclosure Project (AODP) has ranked the 100 largest global pension funds on their approach to climate change. Overall, the pension sector houses stronger leaders than the insurance sector, but also more laggards, with around 1/3rd of funds disclosing no public information on climate change. In 2017, the Financial Stability Board’s Task Force on Climate Related Disclosures recommended that all publically entities should disclose on climate related risks and opportunities.
PRI Launches Impact Investing Market Map
11 September 2018
The Principles for Responsible Investment (PRI) launched the Impact Investing Market Map (the Market Map). Its goal is to bring more clarity to the process of identifying mainstream impact investing companies and thematic investments so that asset owners and fund managers can better assess opportunities in this market.
Support the Life Board and the Life practice area
11 September 2018
The Life Board oversees a wide range of technical work, such as sponsoring member-led research, organising high quality conferences and even
LIBOR working party summarise open consultations
10 September 2018
There are currently two open consultations connected with Interbank Offered rate (IBOR) reform, the ISDA consultation on IBOR fallbacks and the Bank of England (BoE) consultation on Term SONIA rates.
The ISDA consultation is concerned with agreeing fallbacks which will apply to derivatives contracts referencing IBOR if it is discontinued.
There are two distinct parts to the consultation:
1. To determine how to adjust the relevant risk free rates (which are overnight rates) to be consistent with the IBOR rates (which are published for 1,3,6 and 12 month tenors)
IFoA welcomes delegates from China
6 September 2018
IAMAC engages with the Pensions Board
In June 2016, the IFoA signed a Memorandum of Understanding with the Insurance Asset Management Association of China (IAMAC) becoming its second strategic partner outside China.
Common reasons why people become actuaries
6 September 2018
In this blog, Chloe Hung, Amazon best-selling author, describes some of the common reasons why people become actuaries.
With a career as an actuary continuing to remain popular, here are some reasons why students want to work in this field.
1) Passionate about maths
As actuarial science is a numbers-oriented field, all aspiring actuaries should be interested in numbers. This is usually the main reason why students want to become an actuary. As an actuarial student, you’ll be joining other individuals who are passionate about maths.
The Cashless Society Working Party publishes an update on Negative Interest Rate Policies
5 September 2018
The Cashless Society Working party’s interim paper on “Benefits, risks and issues” explored the mechanics of Negative Interest Rate Policies. A number of countries have implemented NIRP, as well as other unconventional monetary policies.
What have we learnt to date? This addendum complements formal studies mostly dating from late 2017, with relevant news reports on 2018 Q1 and Q2 developments and commentaries:Time to renew your IFoA membership
31 August 2018
In the past year our member’s support has enabled the Institute and Faculty of Actuaries (IFoA) to deliver over 170 events, conferences and webinars, launch our Lifelong Learning offering and ensure our voice was heard on relevant issue at the heart of policy making; on Government Select Committees, in key policy consultations and our