News

PRESS RELEASE

The Pensions Board has revised the timeframe for defined benefit schemes with funding deficits to submit funding proposals to the Board. This follows consideration of representations made to The Pensions Board by a number of parties, including the Society of Actuaries in Ireland.

The Society of Actuaries in Ireland has decided to establish a "Wider Fields" Member Interest Group.
 
This will be similar to the UK Actuarial Profession's Resource and Environment Member Interest Group (see http://www.actuaries.org.uk/members/pages/resource-and-environment-memb…) except that it will have a wider remit.
 

Every 4 years, member associations of the IAA organise an International Congress of Actuaries and welcome actuaries from all disciplines and from around the world.  The next Congress will be held in Washington from 30th March – 4th April 2014. The theme of the 2014 Congress is Learn, Interact, Grow.

For further information on the event, see www.ica2014.org/about.

The Society of Actuaries in Ireland has today issued a Press Release in response to the Pensions Board funding rules for defined benefit pension scheme.

The Institute and Faculty of Actuaries Longevity Bulletin aims to provide a regular overview of research into longevity trends and a guide to prospects for long life.  It presents and explains actuarial perspectives on population longevity and looks beyond the actuarial world for statistics, research and the latest thinking on related subjects.   Longevity Bulletin is published every six months.  Issue 03 is now available.

The Continuous Mortality Investigation (CMI) carries out research into mortality and morbidity experience, based on data supplied by UK life assurance companies and actuarial consultancies. 

The CMI has published Working Paper 62, which presents a preliminary analysis of the mortality experience under large self-administered pension schemes for the period 2003 to 2010.

Further information  

Background
The Society seeks to make an impartial contribution to public debate on social policy and public interest matters where an actuarial perspective can add value.  In this context, the Society has decided to commission research as set out below.

On 16 May 2012, the European Commission published a proposed directive of the European Parliament and the Council in order to amend the deadline for the transposition and subsequent implementation of the Solvency II Framework Directive (Directive 2009/138/EC).
 
The proposed Directive says:

The latest version of The European Actuary (TEA), the biannual magazine of the Dutch actuarial association, ‘Actuarieel Genootschap & Actuarieel Instituut’, the German association, ‘Deutsche Aktuarvereinigung’, the Institute and Faculty of Actuaries in the United Kingdom (‘The Actuarial Profession’) and the French ‘Institut des Actuaries’ is now available online.  Visit www.the-european-actuary.org.