The Cashless Society Working Party research delivers a neutral, analytical assessment of developments to comprehend benefits, risks and issues of a cashless society at global level. It provides insights into specialist economic topics and identifies opportunities to learn from international experiences, and to adapt public policy. It also provides insights into stakeholder interests that underpin entrenched positions on the transition in progress.
Progress to date:
The Cashless Society Working Party was founded in late 2016. It focused on exploring the implications of a cashless society and societies in the process of de-cashing, and presented an interim report at an IFoA sessional early 2018: “A Cashless Society- Benefits, Risks and Issues”.
The Working Party researched a number of specialist topics throughout 2018, publishing several papers and taking part in government consultations.
2019 research activities will prioritise the following themes:
● Financial inclusion, with a related interest in developing countries,
● Risks and issues of de-cashing, and related transition management,
● Central Bank Digital Currencies and related crypto currencies/ assets.
- The above sessional took place at Staple Inn on 22nd January 2018 - view the video or read the abstract of the London discussion in the British Actuarial Journal.
- A Cashless Society – Benefits, Risks and Issues addendum – 2017 update
- IFoA response to HM Treasury Cash and Digital payments in the new economy
- Video: An Actuary’s role in a Cashless Society.
- A Cashless Society – Negative Interest Rate policies – 2018 update
- A Cashless Society – Environmental Sustainability of a Cashless Society
- Article in The Actuary: Take the reins , on Central Bank Digital Currencies
- IFoA response to the Treasury Committee inquiry into consumers’ access to financial services
- A Cashless Society in 2018.
- QR codes
- A Cashless Society in Africa
- Digital-currency adoption by life and pension industries
- Understanding Central Bank Digital Currencies (CBDC)
- 9 November 2017
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If you want more information about this research working party please contact the Communities Team.
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Presenter Matt Modisett
In collaboration with the Institute and Faculty of Actuaries, the Principles of Responsible Investment is delighted to host this webinar discussing the response to the TCFD’s recommendations two years on from their publication. The webinar will feature new analysis of the 591 investors representing $45 trillion who responded to PRI’s 2019 climate indicators, insights from the past Chair of the IFoA’s Resource and Environment Board as well as an investor case study of implementation in practice from Aviva.
An introductory session to help you get ahead with climate change.
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This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:
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The IFoA Beijing Office and China Life are pleased to be co-hosting a Professional Skills Training (PST) session in Beijing, Shanghai and Shenzhen on Friday, 6 September. Wen Li (FIA), the IFoA Lead Representative in China and East Asia, will lead the PST presentation and discussion on ‘Getting it right!’.
The main venue will be in Beijing. Members in Shanghai and Shenzhen can join the interaction with Beijing via video conference at China Life’s regional venues. (see full details below)
This event is now fully booked. Please click here to register for the wait list.
The actuarial profession has much to offer the world of banking. In this second webinar on opportunities for actuaries in banking we have two actuaries sharing their experience
GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year.
Presenter Jon Spain
This workshop, now in its sixth year, is aimed at senior actuaries working in life insurance - predominantly Chief Actuaries, but also Reviewing Actuaries and others working in risk and financial reporting. It will provide seven hours of relevant CPD.
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Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better?
It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.
The Institute and Faculty of Actuaries and the Royal Statistical Society have worked together to develop joint ethics guidance on data science. This is the culmination of an 18 month programme of practitioner led work.
Join us for the launch of this new guidance, with a high-level panel discussion which will explore the role of data science practitioners and professional bodies in data ethics.
The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October. The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters.
ARC Event: Beyond Proportional Hazards: Statistical methods for assessment of the impact of medical advances and health interventions on longevity and population projections.
This workshop is being delivered by the Actuarial Research Centre’s (ARC) ‘Big Health and Actuarial Data’ Research Programme.
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Join us for this brand new seminar that brings together our Current Issues in Pensions, Pensions and the Law, and Investment for Pension Actuaries events. The seminar builds on the IFoA’s Annual Pension Conference with sessions covering CDC, TPR’s code of practice, investments, legal updates and Professional Skills Training with a focus on interactive discussion throughout.
The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:
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- birth and death rates, including causes of death statistics.
The Life Conference is the premier event for professionals interested in life insurance. Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.
The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker. Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.
Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.
We are delighted to announce the launch of the findings from our ARC funded Behavioural Finance research with a special evening event at Staple Inn on Tuesday14th January 2020. Entitled Behavioural Aspects of Institutional Investment Decision-Making, this research programme is being delivered by City, University of London, Leeds University Business School and Ipsos.