Sixty Scottish schools took part in the Scottish Mathematics Council's annual maths challenge 2012, which is sponsored by the Institute and Faculty of Actuaries.

Two hundred and forty bright, math-smart pupils, aged between 12 and 15, took part in the competition, which consisted of a series of mathematical challenges set across the course of a day.  Each team included 4 pupils, of which just two could hail from year 4 (15 years).  It was a tough competition and the winning team of the day hailed from George Heriot's School in Edinburgh, with runners up from the Dollar Academy in Dollar Clackmannanshire, and the Largs Academy in Largs Ayrshire.

David Hare from the Institute and Faculty of Actuaries commented:

"The Institute and Faculty of Actuaries is very pleased to be involved with the annual maths challenge.  The competition proves that there are many talented young mathematicians in Scotland.  It is encouraging to know that there is a new generation of 'math-smart' pupils who we hope will continue with their mathematical studies and lead the way in actuarial and other mathematical sciences in the future.  Scotland has a proud heritage as a centre of excellence for actuarial science.  The enthusiasm and ability of these young mathematicians gives us confidence that this is set to continue."

Notes to editors:

More about the Institute and Faculty of Actuaries

  1. Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
  2. Members of the Profession have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.
  3. The Profession is governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of the Profession in society.
  4. The Institute and Faculty of Actuaries is available to provide expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.