The magazine of the actuarial profession

Professional

Actuary tops 'best job' league table, US research findsBeing an actuary has been ranked the best job in the US by recruitment website CareerCast.com, with the high pay, low stress and robust hiring prospects the role offers helping it to top the list of 200 occupations surveyed. 23 April 2013
Nick Salter to become Institute and Faculty of Actuaries' President-electNick Salter, co-founder of actuarial consultancy Barnett Waddingham, has been chosen as President-elect of the Institute and Faculty of Actuaries. 22 April 2013
Women in the professionKathryn Morgan looks at the progress made by women actuaries over the past 90 years and considers whether they should be taking a more active role in the profession today. 20 February 2013
The gender gap: Are 'Golden Skirts' the answer?At the current rate of change, it will take over 70 years to achieve gender-balanced boardrooms in the UK. Alana Patterson looks at what is being done to address this. 23 January 2013
No limits to using Monte Carlo for modellingNew game-changing technology could become the 'new normal' for the insurance industry, according to Osmo Jauri and Timo Penttilä. 23 January 2013
Resource scarcity 'could wipe out pension assets'Actuaries should do more to take into account the potentially disastrous impact that constraints over natural resources and climate change could have on pensions, according to research commissioned by the Institute and Faculty of Actuaries. 21 January 2013
Government Actuary recognised in New Year Honours ListThe Government Actuary Trevor Llanwarne has been recognised for his services to the actuarial profession and the public finances in the Queen's New Year Honours List. 02 January 2013
Static pension contributions 'alarming', say consulting actuariesAverage pension contributions by employers and employees have flat-lined since 2010, increasing the likelihood of inadequate retirement incomes in the years ahead, the Association of Consulting Actuaries today warned. 02 January 2013
Average actuarial salary 'has fallen 5.8% since 2006'The average annual salary for an actuary has fallen by 5.8% since before the credit crunch, while the average UK worker has seen their annual pay increase by 11.4% over the same period, according to analysis published by Randstad this week. 14 November 2012
A winning CVLydia Holder advises on how to demonstrate your skillset for that all-important interview 20 September 2012

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UK Actuarial Profession qualifications

Actuarial student
The aim of the actuarial education strategy is to equip the actuaries of the future with the skills they will need for their employers and clients. All exam subjects can be taken by well-established distance learning methods, but the Institute and Faculty of Actuaries also makes use of university-based education.

Associate
Students can become Associate members of the Institute and Faculty and gain the right to describe themselves as an actuary and to use the letters AIA or AFA.
As an actuary and an Associate of the Institute and Faculty, members have a breadth of expertise that brings wide and varied opportunities.

Fellow
Members of the profession who wish to continue their studies to an advanced level, or who specialise in a particular actuarial field, may take further specialist exams to qualify as a Fellow. Fellows use the letters FIA or FFA and are highly sought after as experts in their chosen field.

Chartered Enterprise Risk Actuary
CERA is a global risk management qualification which the UK Actuarial Profession is accredited to award to members who meet certain criteria. It aims to address the urgent need for highly-qualified risk management professionals worldwide, especially in the financial sector.

Affiliate
Affiliates have the same rights and privileges as Honorary Fellows except that an annual subscription is payable and they are not entitled to use designatory letters.