Hostname: page-component-cd9895bd7-fscjk Total loading time: 0 Render date: 2024-12-28T04:48:55.458Z Has data issue: false hasContentIssue false
  • English
  • Français

Address by the President of the Faculty of Actuaries

Published online by Cambridge University Press:  10 June 2011

Thomas Mackenzie Ross O.B.E.
Thomas Mackenzie Ross O.B.E.
Affiliation:
Aon Ltd, Carnegie House, 21 Peterborough Road, Harrow, Middlesex HA1 2AJ, U.K., Tel: +44(0)208-970-4441, Fax: +44(0)208-970-4628, Email: [email protected]
Get access Rights & Permissions [Opens in a new window]

Abstract

This Presidential Address is a call for a debate about change, to meet the demands of the 21st century. Change in how actuaries are educated to encourage wider thinking and more flexible careers. Change in how the profession is governed, to introduce more external input, to encourage more challenge of accepted practices and standards and to encourage a greater readiness to embrace change itself. To boost our public image and our influence on public policy. Change in the United Kingdom's social security and pensions systems, the better to achieve a secure retirement for tomorrow's pensioners. Change in how insurers are regulated, ensuring that consumer protection is not diminished in the process. The importance of research is emphasised, as are our relationships with other professions. These are areas where the Faculty is particularly well placed to play its part in taking the U.K. profession forward.

Keywords

EducationUniversities' RoleGovernanceComplianceHolistic AdvicePublic InterestInfluenceRiskCollaborationPensions PolicyLife AssuranceRegulation
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 9 , Issue 1 , 01 April 2003 , pp. 35 - 65
Copyright
Copyright © Institute and Faculty of Actuaries 2003

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

Accounting Standards Board (2000). FRS 17.Google Scholar
Clay, G.D., Frankland, R., Horn, A.D., Hylands, J.F., Johnson, C.M., Kerry, R.A., Lister, J.R. & Loseby, L.R. (2001). Transparent with-profits — freedom with publicity. British Actuarial Journal, 7, 365–465 and 725–746.CrossRefGoogle Scholar
Faculty and Institute of Actuaries (1999). Vision and values. British Actuarial Journal, 5, 467–528.CrossRefGoogle Scholar
Fleming, D.G., Bell, C.G., Gourlay, K.O. & Taylor, R.F.C. (2003). A note on pension scheme design issues. British Actuarial Journal, 9, 107–117.CrossRefGoogle Scholar
Goford, J. (2002). Address by the President of the Institute of Actuaries: “Thinking and behaviour”, 1 July 2002. British Actuarial Journal, 9, 1–33.CrossRefGoogle Scholar
Guijarro, P. & Hare, D.J.P. (2002). Corporate diversity and the provision of financial services. British Actuarial Journal, 8, 643–704 and 917–929.CrossRefGoogle Scholar
Hairs, C.J., Belsham, D.J., Bryson, N.M., George, C.M., Hare, D.J.P., Smith, D.A. & Thompson, S. (2001). Fair valuation of liabilities. British Actuarial Journal, 8, 203–340.CrossRefGoogle Scholar
Kingston, T.D. (2001). Address by the President of the Faculty of Actuaries: “A learning profession”, 2 October 2000. British Actuarial Journal, 7, 51–73.CrossRefGoogle Scholar
Low, C.W.F. (1999). Address by the President of the Faculty of Actuaries, 5 October 1998. British Actuarial Journal, 5, 1–25.CrossRefGoogle Scholar
World Bank (1994). Averting the old age crisis. Oxford University Press.Google Scholar