With inflation now entrenched in major economies, central banks are scurrying to reduce their balance sheets after pumping over $US11 trillion into the global economy in response to COVID-19 through quantitative easing programs. Now, there is a shift to quantitative tightening.
Prior to the early 1990s recession in Australia, many defined benefit super funds drew on the expertise of a fund actuary to enhance member outcomes. Has the time now come to reappoint fund actuaries?
In thinking about how actuaries could bolster their brand in banking, a fellow banking actuary asked an important question – Why does the banking sector need actuaries?
For many of the Actuaries Institute's younger Members, the Institute's Practice Committees can seem mysterious and far removed. To help bridge this gap, the Young Actuaries Program (YAP) Victoria recently held a Virtual Insights session to introduce our younger audiences to them.
