Tag Archives: Actuary

Imperial College – Actuarial Careers Fair 2011

Posted on 5 December 2011 | 1 Comment

We feel very proud to once again have sponsored Imperial College Actuarial Careers Fair!

As always the event was excellent – both the evening itself and the companies who attended.

Special thanks of course go to Imperial College for having organized such a great evening, offering us great atmosphere and a wonderful opportunity for Business networking… all accompanied with floods of wine and more sushi than in down town Tokyo!

We were truly delighted to be in the presence of such important guests as AON, Buck Consultants, Deloitte, Ernst & Young, Inside Careers, Mercer, Milliman, Pricewaterhouse Cooper, The Actuarial Profession, Towers Watson and last but not least Zurich Financial Services.

Therefore, THANK YOU ALL!

We hope you enjoyed the evening as much as we did and that you had the chance to meet good grads!

Thanks again, we hope to see you all very soon!

GAAPS Team

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Posted in Careers Events, Events, Imperial College Business School, news

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Actuarial Salaries and the UK Shortage Occupation List

Posted on 25 October 2011 | Leave a comment

Actuaries have recently been added to the UK Shortage Occupation List. It is highly unlikely that there will be any major change in level of salaries as a result. It will still be extremely difficult to sponsor a work permit for someone – this only overcomes the first hurdle.

However there are two great PR advantages;

  1. The Government acknowledges that actuaries are valuable!
  2. HR departments will acknowledge there is a shortage and therefore put up the salaries they are willing to pay.

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Posted in Immigration, Insights, news, UK

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Letter of the Month: Women in the Profession

Posted on 2 October 2011 | Leave a comment

The following letter by Dr Geraldine Kaye, MD of GAAPS was published as Letter of the Month in this month’s issue of The Actuary Magazine

Women in the Profession
In response to your invitation for feedback on the introduction of the page dedicated to the profession’s female actuaries, I write as one of the first ever female actuaries to qualify in the UK — I was within the first 20. Times have moved on, or so I had thought.

Reading The Actuary magazine and coming across a special page for women in our professional magazine seems demeaning. Non-professional issues are, in my opinion, dealt with perfectly adequately elsewhere. On a professional level, there are no differences between men and women in the actuarial profession. We have taken and passed the same exams.

A page dedicated to female actuaries seems not only superfluous, given today’s heavily legislated business conduct stipulated against gender bias, but comes across as patronising towards achievements from both genders. Surely what is achieved by both male and female actuaries are celebrated on the same page. No doubt, with careful forethought, a note that has been included to encompass male interest, seems to contradict the point of a page dedicated to women in the first place?

This may be a ‘call to action’ page for women to participate in the opportunities increasingly available to them worldwide, but surely a way to address issues and celebrate women in the actuarial profession should not be narrowed down in drawing a deliberate line to differentiate gender achievements in the actuarial industry when we are trying to achieve equality?
G. Kaye
8 September 2011

Editor’s comment:
Helen Crofts’ suggestion to have a women’s page in the magazine was widely debated and 
I sought the views of the editorial advisory panel and other actuaries — male and female. There was no consensus view. The aim of the page was to have a home for resources related to women in business. In the spirit of sharing information that was indicated to be of interest to at least some of the readership, across the gender spectrum, I suggested a trial page with the aim of gauging feedback from readers. I have since received mixed feedback, from males and females alike, and I thank you for taking the time to write in.

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Posted in Actuarial Exams, Actuarial Qualifications, Letters, news

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Do You Know What Actuaries Do?

Posted on 2 May 2011 | Leave a comment

Actuaries work across diverse industries, from insurance, pensions and benefits, investment and asset management through to banking, healthcare, capital projects and risk. Working individually or as part of a team, you could find yourself being a consultant, analyst, trouble-shooter and risk assessor – all in the same day.

Actuaries use maths and economics every day of their working lives, but they also require good interpersonal skills, as they are in regular contact with clients, senior colleagues, and the staff they manage.

To a certain extent what actuaries do can seem to be shrouded in mystery – watch this entertaining video clip of students at Purdue.

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Posted in Actuarial Sectors, Life, Odds and Ends, Pensions, Property and Casualty / Non-Life / General, Risk, Solvency II, Trustees, Video

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Do You Want To Be An Actuary?

Posted on 28 March 2011 | Leave a comment

The graduate recruitment market is at its most competitive for years. At GAAPS Actuarial Graduate Division, we are dedicated to getting your actuarial career off to a flying start.

We want you to get that first step on the actuarial ladder absolutely right. We will do everything to ensure you are happy with the position and company.

We understand your problems and issues: loans, salary expectations, a bewildering array of companies, maybe even work permits.

Our experience and contacts within universities, as well as with our graduate recruitment clients, means we chart the way for you to sail into your first job.

We place graduates, part-qualified and qualified actuaries all over the world, so whether you want the UK, Europe, Australasia, the Far East or South Africa, look no further than us!

Register with us, give us a call on 020 7397 6200 or come to visit us at one of our careers fairs.

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Posted in Actuarial Exams, Actuarial Qualifications, Careers Events, Odds and Ends

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Actuaries Eligible to Apply for Tier 2 Work Permits

Posted on 23 February 2011 | 1 Comment

The statement of intent regarding transitional measures for Tier 2 of the points based visa system confirms that Actuaries, Finance Analysts and all graduate level occupations are eligible to be sponsored for a Tier 2 work permit.

The Youth Mobility Scheme visa (new name for Working Holiday visa) will allow citizens of Japan, Australia, New Zealand and Canada to work in the UK for 2 years. Applicants need to be between 18 and 30.

We thank Commonwealth Immigration for providing this information.

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Posted in Australia, Canada, Immigration, International, Japan, New Zealand, UK

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Ireland: Professional Subscriptions to be a Benefit-in-Kind

Posted on 3 February 2011 | Leave a comment

Subscriptions to professional bodies were included as a benefit-in-kind in the recent Irish budget. These fees, which are typically paid for by employers were traditionally exempt from tax and will now trigger taxes of up to 52% for individuals and PRSI of 10.5% for companies.

Since the budget announcement in December the Society of Actuaries in Ireland has tracked the progress of the issue through to the Finance Bill and then the Finance Act and has been in close contact with other professional bodies whose members may be similarly affected.  They have also sought tax advice and are currently seeking to get clarity from Revenue regarding the precise scope of the new measures. They hope to be in a position to issue a further communication to members in the near future, providing clarity on the impact of the new benefit-in-kind measures.

Failing a change, the Society of Actuaries is considering remodeling its charges so that the annual fee of €850 is broken into a subscription figure and fees for seminars throughout the year. This would trigger less tax, since BIK is only payable on membership fees.

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Posted in Actuarial Societies, Ireland, Society of Actuaries in Ireland

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Competition: Win a Kindle 3G

Posted on 1 December 2010 | Leave a comment

Register or update you details on the GAAPS website for the chance to win a Kindle 3G.

From 1st December 2010 till 31st January 2011, all eligible entrants who register or update their details on the GAAPS website will automatically be entered into a free prize draw.

Due to the restrictions of gaming laws entry to the prize draw is limited to residents of the UK and Australia. There will be future events for international participants. If you do not live in the UK or Australia it is still worth registering so that we will be able to notify you of these events.

The competition is open to actuaries and those with ‘an actuarial connection’ over the age of 18. You will need to demonstrate your ‘actuarial connection’ when completing your registration.

Entry is subject to the full terms and conditions. There will be two separate prize draws, one for UK residents and one for Australia residents.

Download the full terms and Conditions (UK).
Download the full terms and conditions (Australia).
Click here to register.

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Posted in Australia, Events, Odds and Ends, UK

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Compensation after the crisis With Olaf…

Posted on 15 November 2010 | Leave a comment

Olaf John, actuary and former stand up comedian discusses the impact of the financial crisis on compensation. What does it mean today and what is likely to be the long-term impact?

Watch the video below of a recent breakfast briefing held by GAAPS Actuarial.

If you would like to attend future breakfast briefings please contact gkaye@gaaps.com.

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Posted in Events, Insights, Life, Networking, Pensions, Property and Casualty / Non-Life / General, Risk, Solvency II, Trustees, Video

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Largest Ever Fair Tomorrow

Posted on 2 November 2010 | Leave a comment

Tomorrow’s Actuarial Careers Fair at Heriot Watt is set to be our largest ever with 15 actuarial employers in attendance.

The fair will be held in the Ceder Suite but will also burst out into the adjoining corridor so the room should be easy to find.

This is a fantastic opportunity to meet a wide range of employers and we look forward to building on our previous success.

If you are based closer to London then don’t forget that we are also holding a similar event together with the Imperial College Business School on the 10th of November.

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Posted in Careers Events, Events, Heriot Watt University, Imperial College Business School

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