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07

IFoA members win prize 

Open-access content Tuesday 10th July 2018 — updated 5.50pm, Wednesday 29th April 2020

Six IFoA members (Andrew Hitchcox, Chinu Patel, Chris Ramsey, Lok Ma, Marian Elliott and Tim Keogh) presented a sessional meeting paper, IRM for DB Pension Schemes, in March 2017.

2

Six IFoA members (Andrew Hitchcox, Chinu Patel, Chris Ramsey, Lok Ma, Marian Elliott and Tim Keogh) presented a sessional meeting paper, IRM for DB Pension Schemes, in March 2017. This year, it won the Best Paper Award in the IAA Consulting Actuaries Section of the International Congress of Actuaries 2018. 

Elliott (pictured) was in Berlin to collect the prize, and said: "We are pleased to accept this prize, and thank the Pensions Board for their sponsorship of the paper.The paper has developed some practical hints and tips for those developing Integrated Risk Management plans for UK Defined Benefit pension schemes in the context of The Pensions Regulator's requirements. 

"Integrated Risk Management (IRM) is the consideration of investment, funding and covenant issues, and how these interact. It should be a continuous process and should form part of everyday trustee governance - it is not simply a one-off exercise. We hope actuaries will find particularly useful 'the 10 commandments for effective IRM', which we set out in the conclusions to the paper.''

This article appeared in our July 2018 issue of The Actuary .
Click here to view this issue

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Leaders in field presented with Fellowship

The IFoA immediate past president Colin Wilson visited China in May and presented Honorary Fellow certificates to professor Zhigang Xie from the Shanghai University of Finance and Economics (SUFE) and professor Xiaolin Li from the Central University of Finance and Economics (CUFE).
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SIAS darts tournament

At the end of May, SIAS held its first ever darts tournament at Flight Club in Shoreditch, with more than 40 actuaries attending.
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A taste of the Master's cellar

On 24 April, members of the Worshipful Company of Actuaries met for a wine tasting event.
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TANC event: Are pensions and care funding sustainable?

On 6 June, TANC welcomed Sir Steve Webb, director of policy at Royal London, to talk about the sustainability of pensions and care funding in the face of an ageing population.
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Births and Deaths

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Big Health, Big data, Big impact

In May, the IFoA’s Actuarial Research Centre (ARC) held the first impact workshop for its ‘Big Health and Actuarial Data’ Research Programme (RP).
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07
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