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The Actuary The magazine of the Institute & Faculty of Actuaries
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Notice of public consultation meetings / Newly qualified CERAs / Sloan Prize / WCA lecture

Notice of public consultation meetings
On 15 December 2010, the Actuarial Profession issued the following two pensions Exposure Drafts (EDs) for consultation:
>> Exposure Draft 24 of APS P1: Duties and Responsibilities of Actuaries Advising Pension Scheme Trustees (ED24 (APS P1)),
>> Exposure Draft 25 of APS P2: Compliance Review: Pensions (ED24 (APS P2)). These can be accessed via the following links:
ED24: http://tinyurl.com/5vobz34
ED24: http://tinyurl.com/66hj7x9

Two open consultation meetings have been arranged to discuss these EDs. The first meeting will be held on Tuesday 1 February from 17.00-18.00 at Staple Inn Hall, High Holborn, London. Refreshments are available from 16.30.

The second meeting will be held on Thursday 3 February from 17.00-18.00 at Maclaurin House, 18 Dublin Street, Edinburgh. Refreshments will be available from 16.30.

In order for us to gauge participant numbers, we should be grateful if you could please reply via e-mail to Karen.Cross@actuaries.org.uk if you are planning to attend either of the meetings.

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Newly qualified CERAs
Congratulations to David Barton, Sandeep Basak, Alvin Choong, Christopher Halliday, Cassandra Hannibal, Andrew McDonald, Andrew Morris, Thakane Setsabi, Paul Teggin and Ruth Ward who have become the latest actuaries to gain the CERA qualification and become chartered enterprise risk actuaries.

For more information on this qualification and how it could help your career or practice, please visit the new CERA website www.ceraglobal.org/

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Sloan Prize
The Sloan Prize is awarded in recognition of the best spoken contribution at a sessional meeting in Scotland by a student or an actuary who has been qualified for less than 15 years. It aims to encourage actuaries of the future to contribute to discussion and debate within the professional body.

At the November Sessional Research Programme meeting in Edinburgh, during discussion of ‘An executive’s handbook for understanding and risk managing unit linked guarantees’ by J. Maher, J. Corrigan, A. Bentley and W. Diffey, the judges decided that the next Sloan Prize should go to Scott Manson, of Scottish Life, for his contribution regarding the impact of rational policyholder behaviour on the cost of the guarantees.

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Worshipful Company of Actuaries Lecture
Ronnie Bowie, president of the Institute and Faculty of Actuaries, will be delivering this year’s lecture, ‘Why the world needs actuaries’, on 10 February at the postgraduate centre, Heriot-Watt University, Edinburgh. The event starts at 17.30. Please contact Mary Wilson at m.wilson@hw.ac.uk for more details.