Kajal Pandya reports on the recent “Insurance Inside Super – Federal Budget Changes” Insights session. The session covered an interesting discussion around the challenges that superannuation funds and group insurers will face and the unintended consequences of the proposed Federal Budget changes.
Posted on: September 6, 2018
As the office of the Australian Government Actuary (AGA) nears 100 years of service, Elayne Grace caught up with the current AGA Guy Thorburn, to find out what the office does.
Posted on: August 27, 2018
There are over 30 committees, subcommittees, task forces, and working groups of the International Actuarial Association. These groups all commission, create and share content that may be relevant to Actuaries Institute members. Links to some of the content discussed at the recent meetings in Berlin, Germany are provided below.
Posted on: August 21, 2018
With longevity on the increase in Australia, how can a person plan a satisfying retirement, given that it may last for several decades? Dr Jon Glass describes some of the emotional, non-financial, considerations at play.
Posted on: July 31, 2018
Are life-cycle funds an opportunity cost to members or a tool for managing a member’s risks through their different life stages?
Posted on: July 4, 2018
Elayne Grace outlines a new Actuaries Digital series where we spend five minutes with Australian Fintech and Insurtech companies, asking about their products and start-up journeys so far.
Posted on: June 28, 2018
Greg Einfeld, Director at Plenty Wealth outlines his journey in fintech and where he sees his business, and the broader fintech landscape heading.
Posted on: June 28, 2018
With the 2018-19 Federal Budget announcement of an expansion of the little-known Pension Loans Scheme, it is timely to revisit the hurdles to be overcome before housing can play a meaningful role in meeting Australia’s future retirement income challenge.
Posted on: June 25, 2018
Curator of the Superannuation program for the 2018 Financial Services Forum in Sydney next month gives us a taste of what industry leaders will be discussing at the Forum.
Posted on: April 26, 2018
John De Ravin is a member of the Institute’s Retirement Incomes Working Group and in this article he shares a suggestion made by the Convenor of that Working Group, Anthony Asher.
Posted on: February 20, 2018
Macquarie University has released a report focused on measuring longevity basis risk in realistic scenarios as part of an ongoing research project sponsored by the Life and Longevity Markets Association (LLMA) and Institute and Faculty of Actuaries (IFoA). Here, Actuarial Professors at Macquarie Uni, Jackie Li and Leonie Tickle, explain their findings.
Posted on: December 15, 2017
Michael Rice arrived at the Institute last week to accept the 2017 Actuary of the Year Award alongside an entourage of supporters from the firm he founded 30 years ago.
Posted on: October 19, 2017
Anthony Asher, Associate Professor at the School of Risk and Actuarial Studies at UNSW, writes about the sort of pension product that he would like to see developed now that SIS regulations have been modified to allow development of more flexible products.
Posted on: September 5, 2017
The Actuaries Institute is currently preparing a submission about Comprehensive Income Products for Retirement. Darren Wickham, from the Institute's Retirement Strategy Group, outlines the principles for the submission that have been agreed so far, following discussion with members.
Posted on: May 29, 2017
Enock Chiyangwa shares some key insights from the ASFA National Conference and Super Expo held on the Gold Coast in November 2016.
Posted on: February 23, 2017
The Actuaries Institute’s Pre-Budget Submission encourages timely Government action to introduce and promote Comprehensive Income Products for Retirement (CIPRs); facilitate the rationalisation of life insurance legacy products; and implement stronger risk mitigation measures to protect against the potential impacts of climate change.
Posted on: January 25, 2017
Craig Turnbull, Investment Director at Standard Life Investments (UK), recently published the book 'A History of British Actuarial Thought'. In this book, Craig illustrates the development of the actuarial profession within each of the three key practice areas of life assurance, pensions and general insurance.
Posted on: January 19, 2017
The Actuaries Institute has just released the first collection of Practice Update videos! See what each committee has been up to and also earn CPD points.
Posted on: December 22, 2016
At the May 2016 Financial Services Forum, there were sessions on the use of housing wealth to fund retirement and also on the interesting achievements of some “actuary entrepreneurs”. This article combines those two topics in an interview with Peter Szabo, an actuary who is the founder and managing director of Homesafe Solutions, a company providing a debt-free home equity release product to senior Australians.
Posted on: September 26, 2016
FSF2016 examined how disruptors will impact the financial services industry. It asked, how can actuaries reimagine their career in the future world? Where are the opportunities?
Posted on: May 27, 2016