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The Actuary The magazine of the Institute & Faculty of Actuaries

News in brief 2

Institute awards highest honour
The Institute of Actuaries will confer its highest honour of a Gold Medal for the first time in a decade to member Professor Phelim Boyle. The Institute Council voted on 19 May to award Professor Boyle, based in Canada, the prestigious medal in recognition of the important contribution he has made to actuarial science over more than 30 years. It is only the 13th Gold Medal that has been awarded since their inception in 1919. The Institute will also award members, Andrew D Smith and Greg Taylor FIA, Finlaison (Silver) Medals in recognition of their work for the profession. Silver Medals are awarded for service of special importance to the actuarial profession and only 22 have been given out since their inception in 1966. The medals will be presented later this year.

Corporate Plan
The Profession has published its Corporate Plan for 2008/2009. Based on the strategy set by the joint Councils of the Faculty and the Institute, this is a rolling plan committing to broad aims over a five-year time frame and, within that, setting out specific priority activities or outputs for the current year. The plan focuses on: qualifications; career support; professional regulation and ethical standards; marketing and public affairs; global influence and governance/infrastructure. The plan is available at www.actuaries.org.uk/__data/assets/pdf_file/0007/132973/CorporatePlan

Life insurance prize
Stephen Hainsworth has been awarded the Worshipful Company of Actuaries Prize for Life Insurance (SA2) for his performance in the April 2007 examination diet. Stephen qualified as a fellow in 2007 and is currently working as a consultant in life insurance, specialising in financial modelling.