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Address by the President of the Faculty of Actuaries. Respecting the Past, Creating the Future

Published online by Cambridge University Press:  10 June 2011

John Stewart Russell Ritchie
John Stewart Russell Ritchie
Affiliation:
AEGON Scottish Equitable, Edinburgh Park, Edinburgh EH12 9SE, U.K. Tel: +44(0)131-549-3250; Fax: +44(0)131-459-1144; Email: stewart.ritchie@aegon.co.uk
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Abstract

This Presidential Address is delivered towards the end of the 150th anniversary year of the Faculty of Actuaries, and is timed to coincide with the International Actuarial Association and Groupe Consultatif holding meetings in Edinburgh. It deals with the growing globalisation of the Profession, reviews the key developments arising out of the Morris Review and the implications of current changes. It then moves on to examine communication and the role the Profession can play with the media. A comparison between actuarial practice in life and pensions follows, with suggestions for a closer alignment between pension expectation and pension reality. Comment is made about the prospects for healthy life expectancy. Finally, the relationship between the Faculty and the Institute of Actuaries is debated, and a consultation with Faculty members is launched.

Keywords

Faculty 150th AnniversaryGlobalisationChangeMorris ReviewPublic InterestStrategy ReviewExpanding Funnel of ActuariesCommunicationLifePensionsHealthy Life ExpectancyThe FacultyThe Institute
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 13 , Issue 1 , 01 March 2007 , pp. 23 - 40
Copyright
Copyright © Institute and Faculty of Actuaries 2007

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