The arrival of the Vanguard Direct to Consumer (D2C) platform has profound implications for transparency in the pricing of retail investment products (including DC workplace pensions).
It is a pivotal and exciting time at the IFoA. We have formed a joint venture with the Society of Actuaries to promote the Certified Actuarial Analyst, a gateway generalist qualification, on a global scale.
A year ago, I closed my presidential address with these words from Thomas Edison: If we do what we are capable of, we will astound ourselves, and subsequently I have focused on what the IFoA can do to enhance our collective thought leadership.
At a recent event I was reminded that there are about 4,000 members who volunteer for the IFoA, almost 15% of the profession. Its quite a staggering number really, and underlines just how big a part members play in driving our profession forward.
