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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: Tue, 28/11/2017 - 11:34Young adults should receive similar retirement incomes to today's pensioners, despite widespread pessimism among millennials about their financial futures.
Added: Mon, 27/11/2017 - 17:08The UK government has said it will harness the power of innovation to help meet the needs of an ageing society in its industrial strategy published today.
Added: Mon, 27/11/2017 - 11:49Five key implications of the incoming MiFID II framework have been identified for pension scheme trustees ahead of its launch early next year.
Added: Fri, 24/11/2017 - 12:00Just 30% of catastrophic losses caused by extreme weather events have been insured over the last decade, creating an insurance protection gap of $1.7trn (£1.3trn).
Added: Wed, 22/11/2017 - 16:18Philip Hammond confirmed GDP growth and business investment for 2017 is likely to be lower than previously expected in his autumn budget today.
Added: Tue, 21/11/2017 - 17:22Pension professionals believe geopolitical risk is the biggest short to medium-term risk facing the global economy, according to the findings of a new survey.
Added: Mon, 20/11/2017 - 17:11Enhancing the next generation's technology skills has the potential to drastically boost social mobility and economic growth, according to a new report by BT and Accenture.
Added: Mon, 20/11/2017 - 12:19New legislation was proposed today to crackdown on companies using the excuse of self-employed status to avoid providing workers with basic rights and benefits.
Added: Thu, 16/11/2017 - 13:43Insurance firms have the most to gain from China's recent decision to ease restrictions on foreign ownership of its financial institutions, according to analysis by S&P Global Ratings.
Added: Wed, 15/11/2017 - 10:30Insurers with over $4trn (£3.05trn) in assets have announced a $20bn divestment from coal, with a growing number refusing to underwrite any new projects.