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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]
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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

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