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In this blog, Chloe Hung, Amazon best-selling author, talks about things you should consider before pursuing an actuarial career.
Are you currently unsure whether actuarial science is really your thing? Here are some things to help you decide whether actuarial science is the right choice for you. First, let’s take a look at reasons why you might want to pursue this field of study.
A) You’re passionate about numbers
Submit your nominations for IFoA Gold and Finlaison Medals and Honorary Fellowship
We recognise and celebrate the commitment and achievement of individuals who have supported and advanced the profession.
Honorary Fellowship is awarded to those who have achieved distinction in related fields or given significant service to the actuarial profession and who are able to add value to the profession and can have an active and ongoing involvement with the IFoA.
Philippa King will be stepping down as chair of the GI Flood Working Party this autumn, after two years of leading the group. She has taken up a role on the GI Board, which will focus on engagement of early career members with the IFoA.
Philippa said “Volunteering for the IFoA continues to be very rewarding for me. The Flood Working Party has enabled me to get to know other actuaries in the industry, and has opened career opportunities. I would like to thank the many people who have supported the work we’ve done.
In the run-up to Pension Awareness Day 2018, IFoA Policy Manager Henry Thompson challenges everyone to check the value of their pension
Mark Wilson of Aviva will formally launch the World Benchmarking Alliance (WBA) on 24 September, at an evening reception at the New York Public Library on the margins of the United Nations General Assembly 2018.
The WBA is supported by over sixty leading organisations and aims to provide consistent, comparable and publically available corporate benchmarks to measure and compare performance of companies on the Sustainable Development Goals.
The Asset Owners Disclosure Project (AODP) has ranked the 100 largest global pension funds on their approach to climate change. Overall, the pension sector houses stronger leaders than the insurance sector, but also more laggards, with around 1/3rd of funds disclosing no public information on climate change. In 2017, the Financial Stability Board’s Task Force on Climate Related Disclosures recommended that all publically entities should disclose on climate related risks and opportunities.
The Principles for Responsible Investment (PRI) launched the Impact Investing Market Map (the Market Map). Its goal is to bring more clarity to the process of identifying mainstream impact investing companies and thematic investments so that asset owners and fund managers can better assess opportunities in this market.
There are currently two open consultations connected with Interbank Offered rate (IBOR) reform, the ISDA consultation on IBOR fallbacks and the Bank of England (BoE) consultation on Term SONIA rates.
The ISDA consultation is concerned with agreeing fallbacks which will apply to derivatives contracts referencing IBOR if it is discontinued.
There are two distinct parts to the consultation:
1. To determine how to adjust the relevant risk free rates (which are overnight rates) to be consistent with the IBOR rates (which are published for 1,3,6 and 12 month tenors)
IAMAC engages with the Pensions Board
In June 2016, the IFoA signed a Memorandum of Understanding with the Insurance Asset Management Association of China (IAMAC) becoming its second strategic partner outside China.