The magazine of the Institute & Faculty of Actuaries

News

Cyber security workforce shortage wideningThe worldwide cyber security workforce will be 1.8 million short of what is needed by 2022, a gap 20% bigger than it was in 2015. 12 June 2017
Business confidence plummets following general election resultIncreased political uncertainty following the outcome of the UK general election has resulted in a dramatic drop in business confidence, according to survey of company directors. 12 June 2017
Surge in M&A activity expected across insurance industryEurope's insurance sector could witness a sharp rise in merger and acquisitions (M&A) after firms reported strong levels of surplus capital one year on from the implementation of Solvency II. 12 June 2017
Scrapping triple lock could hit young people the hardestOnly 38% of people aged 18-30 in the UK support the triple lock, and 43% would like to see pensions rise relative to price inflation instead, according to research by Aegon. 09 June 2017
Gender diversity doubles with female leadershipCompanies with females in the top leadership positions have almost twice as many women on their corporate boards than firms that are led by men, according to a report by Deloitte. 09 June 2017
Election result to create 'perfect storm of chaos' across financial marketsThe result of the UK general election will cause mayhem across global financial markets as they react to the political uncertainty engulfing the country, according to deVere Group CEO, Nigel Green. 09 June 2017
IFoA honorary fellows announcedThe Institute and Faculty of Actuaries (IFoA) have announced its five new honorary fellows today after a recent election at the request of the council. 08 June 2017
Rise of DC pensions removes predictability of retirement incomeThe move towards defined contribution (DC) pension schemes has resulted in huge variations in retirement outcomes for future generations, according to research by Milliman for Royal London. 08 June 2017
Vast majority of insurance firms seeking growth through insurtechInnovation has become the top businesses priority influencing IT investment plans for insurers as they attempt to adapt to a difficult economic environment in Europe. 08 June 2017
Global GDP to hit six-year highEconomic growth worldwide will increase from a rate of 3% in 2016 to 3.5% this year the fastest expansion of global GDP recorded since 2011, according to the OECD's latest Economic Outlook. 08 June 2017

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FEATURE

The making of a game changerMarjorie Ngwenya, new president of the IFoA, reveals her vision for a future-fit profession, outlines the challenges of change, and the value diversity can bring. Richard Purcell reports