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The Actuary The magazine of the Institute & Faculty of Actuaries


The SIAS annual general meeting on 21 October approved the report and accounts for the year. Sally Dixon (outgoing honorary secretary) commented on some of the highlights of the year, including many successful professional meetings and social events. She commented in particular on progress against the long-term plan of objectives and targets (available on the SIAS website at www.sias.org.uk).

Philippa Herz (honorary treasurer) commented that the committee was still looking for opportunities to apply funds build up (in excess of core reserves) for the benefit of members. For example, during the year it was agreed that SIAS would be helping support costs of providing lecturers to actuarial students in China. However, each suggestion needed to be evaluated in comparison with the aims of the society and its focus on younger members.

Nick Dumbreck (chairman) presented the prize for the best paper to Hui Ming Ng and Elliot Varnell for their paper ‘Frictional costs. The officers for the coming year were accepted by the AGM: Nick Dumbreck (chairman), Adrian Hartshorn (honorary secretary), and Philippa Herz (honorary treasurer). Four new members joined the committee (Mitul Magudia, Daire O’Neill, Paul Ferner, and Mary Ann McNally) and three were co-opted on to the committee for the year (Panayiotis Demetriades, Emily Demetriades, and Caroline Gee).

Nick Dumbreck thanked the outgoing committee. Special thanks were given to those retiring from the committee (Bill Harris, John Carter, Matthew Pilcher, Russell Agius, Gary Chadwick, and Louis Manson) and in particular to Sally Dixon, the retiring honorary secretary (pictured right). Sally was presented with a gift and some flowers from the committee.

To see a full picture version of this article, see the PDF of the local society news.