In an opinion piece for The Actuary magazine in October 2016 (bit.ly/fundamentalFLAW) I highlighted a fundamental flaw in the EIOPA formula for calculating the risk margin.
Our strategy recognises that actuaries are a small but global community who are at their strongest when working together. Globally, there are around 70,000 qualified actuaries, but more than five million qualified accountants and a similar number of lawyers.
As an IFoA member based outside the UK, I believe I have a different perspective from that of my predecessors. Im currently based in Johannesburg, but spent most of my career in the UK. I have also been fortunate to have visited members in many other countries. I am therefore invested in fostering relationships with our UK-based members as well as responding to the ever-growing demand for IFoA membership and interaction overseas.
What defines us as a profession? Is it our technical expertise, the
As another year comes to an end, so too does my editorship of The Actuary. The past two years have been a fantastic experience, and have gone by very quickly indeed. It has been a privilege to lead such a dedicated and talented team of volunteers, as well as the wider team at the IFoA and publishers, who diligently work behind the scenes to deliver the magazine every mont
Part of the cost of long-term care should be recouped from deceased estates. That is the core principle, which, I suggest, should be considered as the foundation for a reform of the long-term care system.
The recent extreme weather in the US has caused devastation on a massive scale. Because of hurricanes like Harvey and Irma, people in Texas, Florida and the Caribbean have seen their lives and livelihoods washed away in an instant.
We talk a lot about professionalism in the financial services industry, but it can be hard to define exactly what that means. According to the Oxford English Dictionary it is the competence or skill expected of a professional.
