On Tuesday I attended the PRAG AGM. Although PRAG’s name is the shortened form of Pensions Research Accountants Group, there were lots of pension managers and a handful of actuaries as well.
I must get in a plug for PRAG because I used to be on their committee. Membership provides wonderful value for money. I arrived after the formal AGM just in time to time to hear Andrew Reid of Credit Suisse give a presentation on Longevity Swaps. Although we have placed candidates in buy-out companies it was only after hearing Andrew’s presentation that I truly understood the differences between the various companies and how they operate. At lunch the general consensus on our table was how clear his presentation had been.
After lunch there was a talk by Hamish Wilson on Pension Risk Sharing followed by a talk about PADA and its successor organization (the new name is expected to be announced early in the New Year). Again a wonderfully clear presentation by Richard Bartlett who also provided his direct contact details for anyone in the audience who wanted further information and clarification.
Unfortunately I was not able to stay for the last presentation, a Corporate View of Future Pension Provision by Martin Mannion of GSK. I am sure that that would have been an equally informative session.
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Categories: Events · Great Links · news
Tagged: Actuary, actuarial, Pensions, Conference, PRAG, Accountants, AGM
On Monday night the Actuarial Society of South Africa held a formal dinner to launch their new actuarial qualification to the media and external stakeholders.
The launch of the new qualification is linked to a wider strategy of establishing the Actuarial Society as a full service professional body and is a tremendous milestone for the Society. The qualification is internationally recognised and a Mutual Recognition Agreement was signed with The Actuarial Profession (UK) in May.
The move is intended to ensure that actuaries have an in-depth knowledge of South African practice, products, legislation and tax, while also understanding international best practice.
The Actuarial Society of South Africa is looking to incorporate Enterprise Risk Management as part of the South African qualification at the earliest possible opportunity as this is a field of increasing interest to South African actuaries.
At GAAPS we wish the Actuarial Society of South Africa the best of luck in their latest venture.
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Categories: Articles · Events · news
Tagged: actuarial, Actuary, news, South Africa, The Actuarial Profession
The government has published the results from its consultation on changes to Conduct Regulations. It had been feared that changes would be made to the Limited Company opt-out but thankfully this has not been touched for either limited company contractors or umbrellas.
Read the ARC News bulletin for more information.
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Categories: Great Links · news
Tagged: ARC, Interim, Limited Companies, Limited company opt-out, recruitment
The Governement Actuaries Department (GAD) will be opening a new office in Glasgow in the New Year.
GAD provide actuarial advice to the public sector anywhere in the world and are growing their insurance team because, as they explain,
“Actuaries can play a key role in helping insurance companies run efficiently and effectively. They can also help insurance regulators and others in the public sector understand the work of insurance companies.”
The insurance industry focuses on the measurement and management of risk, particularly important in the current economic climate.
For more information about GAD and the insurance industry, read their latest newsletter.
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Categories: news
Tagged: actuarial, Scotland, Insurance, actuarial profession, Risk, GAD, Glasgow
InterimGAAPS are delighted to report a significant upturn in the Interim recruitment market.
New clients are joining the unbelievable world of Interim Management and NEW roles are coming in at a measured tempo, in particular, we are seeing a vast amount of clients understanding the significance of Solvency II and bringing in specific Interim for these important projects.
We are continuing to build on our foundation of ethics and experience together with client satisfaction and in so doing, are strengthening our position in the Interim market.
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Categories: Uncategorized
Tagged: actuarial, Interim, recruitment, Solvency II, vacancies
In an agreement reached during last week’s International Actuarial Association meeting in Hyderabad a new qualification of CERA (Chartered Enterprise Risk Actuary) has been launched. The treaty was signed by the following bodies:
- The Institute of Actuaries of Australia (Australia)
Canadian Institute of Actuaries / Institut Canadien des Actuaires (Canada)
Deutsche Aktuarvereinigung e.V. (Germany)
Institut des Actuaires (France)
Israel Association of Actuaries (Israel)
Institute of Actuaries of Japan (Japan)
Colegio Nacional de Actuarios A.C. (Mexico)
Het Actuarieel Genootschap (Netherlands)
Actuarial Society of South Africa (South Africa)
Svenska Aktuarieföreningen (Sweden)
Faculty of Actuaries (UK)
Institute of Actuaries (UK)
Casualty Actuarial Society (USA)
Society of Actuaries (USA)
The individual institutes will be able to award the new qualification to members meeting the required educational standards.
The opportunities in the enterprise risk management field are exciting and ERM is seen by many as being a major field of specialty for newly qualified actuaries in the forthcoming years.
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Categories: news
Tagged: actuarial, actuarial profession, IAA, CERA
GAAPS are pleased to announce that Chaim Coutts received very positive feedback from delegates to the GIRO conference for both the presentation and content of his popular workshop on talent management.
A number of delegates commented on the good use of speakers from outside the profession and indicated that they would like this to be encouraged in the future. There was even a request for the 2010 Plenary to include another session on talent management within the non-life sector. Clearly a sign of Chaim’s success.
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Categories: Events
Tagged: actuarial events, The Actuarial Profession, GIRO
There were far more companies and students at this years fair than we have ever seen before. Obviously news of how successful the fair is has promulgated. We received a very warm welcome to the fair and the short welcoming speech will be uploaded to YouTube in due course.
An innovation for this year’s careers fair was holding it in the maths department. This idea proved to be a successful way of attracting additional maths students who were walking past, meaning that, although, ostensibly, not what the fair was for, those companies looking for sandwich interns were able to find them.
To be notified of future careers fairs, sign up as a fan of GAAPS on Facebook.
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Categories: Events · news
Tagged: Actuary, actuarial, Scotland, Heriot-Watt, careers fair, Edinburgh, Actuarial event
Jason Li has recently completed the Lander Associates Training and Development Programme.
Jason comments “I gained a thorough grasp of the commercial and practical recruitment and sales skills and knowledge that are essential to making a consultant highly successful. Besides these specific achievements, I think I also leaned invaluable communication techniques and time management skills. Overall, I enjoyed and reaped a great benefit from it!”
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Tagged: CPD, recruitment, Training
