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The next President-elect at the Institute and Faculty of Actuaries (IFoA) has been confirmed as John Taylor. John will take up his new position in June 2018, with Jules Constantinou becoming the new President, taking over from Marjorie Ngwenya. John will then take on the role of President in June 2019.
John is a Partner at Hymans Robertson and currently the Head of Guided Outcomes. He has spent most of his career in executive level roles with a variety of product providers, most recently as Managing Director at NEST.
As our profession’s regulator, we enable our members to demonstrate that they meet the professional standards and quality of actuarial work necessary for assuring public trust in the profession. One of the ways we support our members to demonstrate their professionalism and competence is through the IFoA’s Continuing Professional Development (CPD) Scheme.
In this blog, Khushil Modi talks about his journey from studying actuarial science at LSE to working at Deloitte as a consulting analyst.
In 2016 the Scottish Parliament voted to create a Lobbying Register, designed to make interactions between organisations like the IFoA and Scottish Policymakers more accountable. The law now requires all activities that meet the definition of ‘regulated lobbying’ to be recorded, and if you come into contact with Scottish Policymakers or their staff, you may have to let the Public Affairs Team know. Make sure you are aware of the IFoA’s policy on the register, and what activities need to be logged.
In this blog, Chika Aghadiuno, Chair of the IFoA Diversity Advisory Group, talks about female representation in the actuarial profession this International Women’s Day.
In the context of gender equality, there is much that we could point to as a sign of progress over the years. Since the 1950s the face of the profession has changed dramatically. Monica Allanach, the first woman on Council is pictured below left as the sole female in the room. The photo below right, at the Monica Allanach event in 2015 is in stark contrast.
In this blog, we speak to Chloe Hung about her book on breaking into the actuarial industry called 'Strength in Numbers', and find out a bit more about what inspired her this World Book Day.
Can you tell us a bit more about your book ‘Strength in Numbers’?
The IFoA Membership Team are currently carrying out an audit of reduced rate subscription fee paying members for the 2016/2017 membership year.
We undertake an audit of members paying reduced rate subscription fees to ensure that members paying the reduced rate meet the required level of income from all sources, including pension and investment income.
We are introducing a new process for dealing with members experiencing significant health issues, who are facing an allegation under the Disciplinary Scheme.
IFoA Council took the decision to align Curriculum 2019 with the new syllabus announced by the IAA in October 2017.
We have consulted widely on this and there has been significant support for this alignment as it provides qualifiers with the confidence that their qualifications are internationally benchmarked and continue to be transferrable across the globe. The decision by the IAA required us to complete a final review of the IFoA’s new curriculum late in 2017 to ensure our full compliance.
In this blog, Marjorie Ngwenya, President, Institute and Faculty of Actuaries, discusses the importance of meeting actuarial professionals in India and our Council meeting at the 19th Global Conference of Actuaries meeting in Mumbai.
Other actuary news
Added: Wed, 04/04/2018 - 12:39Approximately one-third of UK business leaders would pay a ransom if they suffered a cyber attack, with one in ten willing to fork out £1m or more to get their systems and data back.
Added: Tue, 03/04/2018 - 15:33Lloyd's of London has been accused of facilitating dangerous climate change by continuing to allow syndicates to insure coal projects in its latest divestment policy.
Added: Tue, 03/04/2018 - 13:02Financial institutions across the world are increasingly turning to technology to manage a growing number of digital threats and regulatory requirements.
Added: Thu, 29/03/2018 - 14:15Falling migration combined with an ageing population have created a perfect storm that will lead to a severe shortage in Britain's labour market by 2025.
Added: Wed, 28/03/2018 - 13:00Approximately 28% of senior business decision-makers in the UK are unaware that their minimum workplace pension contributions will increase on 6 April this year.
Added: Tue, 27/03/2018 - 14:38Businesses around the world will increase their cyber security investment by a third over the next four years, reaching a collective annual spend of $134bn (£95bn) by 2022.
Added: Mon, 26/03/2018 - 12:16The difference between what British men and women receive in retirement income is almost three times larger now then it was 10 years ago, new research has found.
Added: Fri, 23/03/2018 - 13:12The number of UK employees that expect to work past the age of 70 has nearly doubled since 2010, with this sentiment particularly strong among young people.
Added: Fri, 23/03/2018 - 11:35The threats associated with artificial intelligence (AI) applications could easily counterbalance the potential benefits if the technology falls into the wrong hands.
Added: Thu, 22/03/2018 - 12:15Investment in the insurance technology industry increased by 385% to $679m (£480m) across Europe last year, with the continent emerging as the world's top InsurTech hub outside North America.