ProfessionNews
16 October 2008 www.the-actuary.org.uk
Financial reporting
seminar
This seminar, on 23 October at Staple
Inn in London, is aimed at life actuaries,
who are looking to gain knowledge of
the practical application of UK reporting
standards, and those who are looking to
enhance their knowledge and learn more
about future developments in IFRS Phase II
and Solvency II.
Topics to be covered include: an overview
and examples of actual accounts and
disclosures, in relation to IFRS, embedded
value and FSA reporting. For more details,
please visit www.actuaries.org.uk/conf_flyer/
financialreporting20081023.pdf. To book
a place, please visit www.actuaries.org.uk/
members/transactions/conference_booking
Developments in pensions
law and regulation
This seminar, on 20 October at Staple
Inn in London, offers an opportunity
for pensions actuaries to update their
knowledge and understanding on legal
issues relating to the pensions area.
Issues covered will include: conflict
management, the Pensions Regulator's
new powers, new pensions cases -- and
what steps to take in case of litigation,
and multi-employer withdrawal -- the
options in practice. Speakers will include
representatives from the specialist
pensions teams at Burges Salmon and
Watson Wyatt. For more details and to
book a place, please visit www.actuaries.org.
uk/members/transactions/conference_booking
Faculty Presidential Address --
all Faculty members welcome
Monday 6 October 2008, Royal College of Physicians, Edinburgh
Faculty president Ronnie Bowie will make his Presidential Address and present the
annual Faculty awards at this meeting. Copies of his address will be available on the
website, together with a webcast, after the meeting. Some of the issues to be covered
in the address include:
n The role of a professional body in today's regulatory climate
n How actuaries can add value outside their traditional areas
n Maintaining and developing Scotland as a vibrant actuarial centre
n What makes a profession remarkable.
Tea will be served from 4.30pm and the meeting will start at 5pm, followed by a
drinks reception.
For more details, please contact Andrea Tsarbos at andrea.tsarbos@actuaries.org.uk
Open forum on
modelling and matching
inflation-linked benefits
Recent increases in price inflation have
brought to the fore issues of how to model
inflation, and the investment strategies
necessary to hedge inflation-linked
benefits. These issues are particularly
important when considering benefits with
fixed maximum levels of increase, such as
LPI pension increases. This open forum,
organised by the finance and investment
practice area on 4 November, will focus
on the full range of issues and consider
possible solutions.
Younger members
gain some
Momentum
Book your place now for this
year's Momentum Convention,
3-5 December in Berlin, Germany.
Previously known as the Younger
Members Convention, this event is
the premier professional event for
newly qualified actuaries and student
actuaries. The programme contains
sessions from all technical practice
areas, and also includes other skills
such as communication, teamwork
and strategic thinking, from a range
of interesting speakers. For more
details, please visit www.actuaries.
org.uk/conf_flyer/momentum2008.
pdf. To book a place, please visit
www.actuaries.org.uk/members/
transactions/conference_booking
Actuaries tune in for
Profession's first `webinar'
On 3 September, more than 500 actuaries
across the UK took part in a virtual seminar,
or `webinar', on Cash Equivalent Transfer
Values. It was the first electronic seminar
the Profession had organised and enabled
actuaries to take part from the comfort of
their own desks.
The webinar covered the new
responsibility of trustees to determine the
method and assumptions used to calculate
cash equivalents, and the speakers gave their
thoughts on what changes are expected
from 1 October.
Chair Paul Tremelling joined Huw
Gittins and Ben Brown to discuss the new
requirements, the differences and issues
to be addressed, and what actuarial advice
might cover.
Webinar participant John Sydenham,
of Hewitt Associates, said the format was
a welcome development to the delivery of
professional development.
He said: "I think the format is a very
positive change and hope to see more of
these seminars in the future."
Overall, the event was considered a great
success by fellow participants.

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