The Report begins by discussing the origins of the actuarial profession in the United Kingdom and the recent growth in its size.

The aim of the Report is to describe the more significant recent developments which affect the actuarial profession in the U.K. These developments are discussed under the following headings:

Planning,

Education,

Life assurance,

Pensions,

General insurance,

Relationships with actuaries overseas,

Groupe Consultatif,

Mortality and sickness insurance statistics,

Investment indices.

Within each heading there is a discussion of current topics and, where appropriate, of possible future developments.