Monthly Archives: July 2009

Institute-Faculty Merger Fails

Posted on 24 July 2009 | Leave a comment

The results of yesterdays vote for the proposed merger of Institute and Faculty of Actuaries have been announced.

Surprisingly, the proposed merger failed to get enough votes in favour from the Institute members but interestingly it did receive sufficient support from the Faculty members, although the general feeling had been that were it to fail, it would have been because of Scottish opposition to the merger. The Institute and Faculty will therefore retain their separate identities and for the purposes of international actuarial decisions, Great Britain retains two votes instead of one on all appropriate committees.

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Posted in Actuarial Societies, Institute and Faculty of Actuaries, Odds and Ends, UK

Tagged Actuaries, Faculty, Institute, Merger, news, The Actuarial Profession

Congratulations on Qualifying!!

Posted on 17 July 2009 | Leave a comment

At GAAPS, we would like to congratulate everyone who has qualified as an actuary.

Welcome to being an FIA!

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Posted in Odds and Ends

Tagged actuarial, actuarial exams, Actuaries, Actuary, congratulations, exam results, FFA, FIA, Qualifying, results, The Actuarial Profession

Good Luck for the Actuarial Finals Results!!

Posted on 14 July 2009 | Leave a comment

We would like to wish ‘Good Luck’ to everyone who is waiting for the results of the later parts of the Actuarial exams this Friday, and especially to all those of you are hoping to qualify.

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Posted in Actuarial Exams, Odds and Ends

Tagged actuarial, actuarial exams, actuarial profession, Actuaries, Actuary, Careers, exam results, finals, Good Luck

Has the Crash Improved Recruitment?

Posted on 12 July 2009 | Leave a comment

The credit crunch has brought about big changes to recruitment, but could it actually have been a change for the better?

The heady days of the 80s and 90s when recruitment was essentially a sales industry are gone and if they want to survive, recruiters must provide more of a service to employers.

According to John O’Sullivan of Elite Leaders “Recruitment is different because there is a lot of noise, it is difficult to get the pearls of talent.”

As the market becomes client rather than candidate driven, the challenge for recruiters is to identify the exceptional candidates who will be a perfect fit for the clients company.

Even when the economy recovers, recruitment will not return to where it was before the crash. The growth of job boards and LinkedIn for use by employers will not go away and recruiters can’t just batten down the hatches and wait it out.

Every cloud has a silver lining and one positive outcome from the current economic crisis is that recruitment has improved for the better. Recruiters are providing more of a service and they should stay within this mode, not go back to the old way when the economy improves.