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Alan Botterill sets out his vision for the Profession's risk management project.
The Institute and Faculty of Actuaries has now been formed, and I am delighted to be the first leader of the Scottish Board. This letter outlines my views of the role and of the Scottish Board and the future of the Scottish constituency.
The Actuarial Profession has announced funding support for two research projects: by Milliman and the universities of Bath and Bristol systems centre, and the University of Kent. Earlier this year, the Profession issued a call for research proposals focussing on measurement of risk “appetite”, identification of hard to define risks, and how firms should report and communicate tail dependencies and correlations to stakeholders.
Funeral plans exposure draft
The consultations on the exposure drafts of the Insurance TAS and the Pensions TAS closed on 16 July 2010 and 21 May 2010 respectively. The BAS is now considering the responses and intends to publish the final Insurance and Pensions TASs later this year.
The consultation on the exposure draft of the TAS on pensions and insurance transformations closed on 27 August 2010. The BAS is now considering the responses and intends to publish the final TAS early next year.
A new coat of arms has been drawn up for the Institute and Faculty of Actuaries.
Biographies and information about the 30 members of the council of the Institute and Faculty of Actuaries.
The final AGM of the Institute of Actuaries took place at Staple Inn Hall on 30 July 2010 and out-going President, Nigel Masters, used the opportunity to pay thanks to colleagues and to award prizes and awards to those who had furthered the cause of the Actuarial Profession.
The Actuarial Profession has made its submission to the Independent Public Service Pension Commission which is undertaking a fundamental structural review of public service pension provision.
The Institute and Faculty of Actuaries was launched yesterday, 1 August 2010, and will be led by Ronnie Bowie, former president of the Faculty of Actuaries.
We are undertaking a review of our research strategy and invite your input. See the Strategy page for more information.