Hostname: page-component-cd9895bd7-hc48f Total loading time: 0 Render date: 2024-12-27T14:33:36.740Z Has data issue: false hasContentIssue false

Address by the President of the Institute of Actuaries: For Goodness Sake

Published online by Cambridge University Press:  10 June 2011

Abstract

The Presidential Address argues that, by acting in the public interest, the power of actuaries to benefit individuals financially can become a competitive advantage for the profession. This theme is explored by reference to professionalism being under threat, the negative impact of professional negligence claims, the need for unity in the profession, nationally and internationally, and the consequences for our education. The future of the profession will be brighter, and can be expansionist, if actuaries are recognised and valued for serving the public interest in the wider fields, but this will require effective public relations.

Type
Sessional meetings: papers and abstracts of discussions
Copyright
Copyright © Institute and Faculty of Actuaries 1997

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Bacon, Francis (1561–1626) (1596). The elements of the Common Law. Preface.Google Scholar
Bacon, Francis (1561–1626) (1623). De dignitate et augmentis scientiarum, Bk. 3, Ch. 3, Pt. 3 ‘The antitheta of things’ No. 31 (tr. Gilbert Watts, 1640).Google Scholar
Bacon, F.W., Benjamin, B. & Elphinstone, M.D.W. (1954). The growth of pension rights and their impact on the national economy. T.F.A. 22, 265348.Google Scholar
Bagehot, Walter (18261877).Google Scholar
Bailey, Arthur Hutcheson (1881). Opening address by the President of the Institute of Actuaries, 29 November 1880. J.I.A. 22, 381391.Google Scholar
Benjamin, Bernard (1967). Address by the President of the Institute of Actuaries, 24 October 1966. J.I.A. 93, 1124.Google Scholar
Benjamin, S. (1980). Contribution to the discussion of ‘Actuaries and professional conduct’, by Corby, F.B. J.I.A. 107, 467468.Google Scholar
Benjamin, S. (1991). Contribution to the discussion of ‘Strategy for the 1990s’, by the Institute of Actuaries and the Faculty of Actuaries Planning Joint Committee. J.I.A. 118, 445.Google Scholar
Blzley, M.T.L. & Scholey, J.K. (1974). Legal liability. Institute of Actuaries.Google Scholar
Cicero, Marcus Tullius (106-43 B.C.). De legibus, Bk. 3, Ch. 8.Google Scholar
Colton, Charles (17801832). bacon, Act I, 322.Google Scholar
Daykin, Christopher D. (1995). Address by the President of the Institute of Actuaries: ‘Turning promises into reality’, 27 June 1994. B.A.J. 1, 536.Google Scholar
Ferguson, D.G.R. (1978). Life office solvency and insolvency. J.S.S. 22, 163.Google Scholar
Franklin, Benjamin (1776). Attributed at the signing of the Declaration of United States Independence, 4 July 1776.Google Scholar
Von Goethe, Johann Wolfgang (17491832).Google Scholar
Groupe Consultatif Des Associations D'Actuaires Des Pays Des Communautés Européenes (1992). Code of Professional Conduct: common principles accepted by the Actuarial Associations affiliated to the Groupe Consultatif.Google Scholar
Gunlake, John Henry (1961). Address by the President of the Institute of Actuaries, 24 October 1960. J.I.A. 87, 119.Google Scholar
Heywood, Geoffrey (1973). Address by the President of the Institute of Actuaries, 30 October 1972. J.I.A. 99, 116.Google Scholar
Institute of Actuaries. The Royal Charter of Incorporation of the Institute of Actuaries [Dated 29 July 1884 and amended by Supplemental Charter dated 29 January 1959 and variations allowed by Orders in Council dated 8 April 1969 and 26 October 1988].Google Scholar
Institute of Actuaries (1989). Presentation of an Institute Finlaison Medal to Mr Ronald William Abbott, by Mr Roger D. Corley, President of the Institute of Actuaries, 24 October 1988. J.I.A. 116, 13.Google Scholar
Institute of Actuaries & Faculty of Actuaries (1996). The future of the profession: a study looking at 2005 to identify challenges for the profession. B.A.J. 2, 325427.Google Scholar
Institute of Actuaries & Faculty of Actuaries (1996). Disclosure of directors' pensions: possible methods of calculation of entitlements. Consultation paper prepared by the Institute of Actuaries and the Faculty of Actuaries, January 1996.Google Scholar
Institute of Actuaries & Faculty of Actuaries (1996). Analysis of responses to consultation on methodology for disclosure of directors ‘ pensions and recommendation on principles for calculation of entitlements. Report prepared by the Institute of Actuaries and the Faculty of Actuaries, April 1996.Google Scholar
Institute of Actuaries & Faculty of Actuaries (1996). Memorandum on Professional Conduct. (Version 5.2 of 31 July 1996, Manual of Actuarial Practice). Exposure Draft 21 of 9 August 1996.Google Scholar
Institute of Actuaries & Faculty of Actuaries (1996). Advice on Professional Conduct. (Version 6.6 of 31 July 1996, Manual of Actuarial Practice). Exposure Draft of 9 August 1996.Google Scholar
Institute of Actuaries of Japan (1994, 1996). Code of Professional Conduct. Enacted 25 May 1994. Amended 24 May 1996.Google Scholar
Martin, Leonard John (1993). Address by the President of the Institute of Actuaries: ‘Actuarial highways’, 29 June 1992. J.I.A. 120, 116.Google Scholar
Massinger, Philip (15831640).Google Scholar
Menzler, Frederick August Andrew (1951). Address by the President of the Institute of Actuaries: ‘The actuary in the national economy’, 23 October 1950. J.I.A. 77, 114.Google Scholar
Rion, Michael R. (1994). Business ethics: theory and practice. Society of Actuaries Forum, Chicago meeting, 16-19 October, 1994. Society of Actuaries Record, 20(4a).Google Scholar
Rion, Michael R. (1990). The responsible manager. Harper & Row.Google Scholar
Rogaly, Joe (1996). Dodgy dealers and morality. Financial Times, Weekend, 22–23 June 1996.Google Scholar
Russell, Bertrand Arthur William (1937). The principles of mathematics. 2nd ed. (1st ed. published 1903).Google Scholar
Scurfield, Hugh Hedley (1991). Address by the President of the Institute of Actuaries: ‘Developing a proactive role’, 25 June 1990. J.I.A. 118, 115.Google Scholar
Smith, A.D. (1996). How actuaries can use financial economics. B.A.J. 2, 10571194.Google Scholar
Smith, A.F.M. (1996). Mad cows and ecstasy: change and choice in an evidence-based society. Address of the President of the Royal Statistical Society. Journal of the Royal Statistical Society (Series A), 159 (3), 367383.CrossRefGoogle Scholar
Society of Actuaries (U.S.A.) (1993). Code of professional conduct. Precept 1. approved 18 May 1993.Google Scholar
Sprague, Thomas Bond (1883). Opening address by the President of the Institute of Actuaries, 27 November 1882. J.I.A. 24, 117.Google Scholar
Study Group on Directors' Remuneration (1995). Directors' remuneration: report of a study group, chaired by Sir Richard Greenbury.Google Scholar
Tranquillus, Caius Suetonius, De vita Caesarum, Bk. I ‘Divus Iulius’.Google Scholar
United Kingdom, Unfair Contract Terms Act 1977.Google Scholar
Verulam, Frank (pseudonym for Francis W. Bacon) (1940). Production for the people, etc. Lawrence & Wishart.Google Scholar
Verulam, Frank (pseudonym for Francis W. Bacon) (1944). Imperialism and the people. London.Google Scholar
Webb, J.H. (1993). Professional conduct. The Actuary, May 1993, 2223.Google Scholar
Wilde, Oscar (1891). The picture of Dorian Grey.Google Scholar
Wilde, Oscar (1895). The importance of being earnest. Act I.Google Scholar
Young, T.E. (1896). The theory of evolution applied to the system of life assurance and incidentally to insurance generally. Address to the Birmingham Insurance Institute, 1 November 1895. J.I.A. 32, 247260.Google Scholar
Young, Thomas Emley (1897). Address by the President of the Institute of Actuaries: ‘The nature and history of actuarial works as exemplifying the mode of development and the methods of science’, 30 November 1896. J.I.A. 33, 97131.Google Scholar
Young, Thomas Emley (1898). Address by the President of the Institute of Actuaries: ‘The origin and development of scientific and professional societies with their bearing upon the Institute of Actuaries and its associated profession’, 29 November 1897. J.I.A. 33, 453480.Google Scholar
Young, Thomas Emley (1898). Appendix: the title of actuary. J.I.A. 33, 480485.Google Scholar