The list of directors in the Friends Provident conversion circular ?(an exciting, densely-packed 88-pager dispatched to policy-holders as part ?of the demutualisation process) contains a cheap laugh at the actuarial ?profession – and cheap laughs at actuaries are a vital part of any ?chartered accountant’s professional ethic.
Listed is a Mr Graham Aslet who, as a graduate with a master’s degree and ?a fellow of the Institute of Actuaries, carries the letters MA FIA after ?his name. This gives us the opportunity to remind readers of the ?difference between a British actuary and a Sicilian actuary: a British ?actuary will tell you how many people are expected to die next year; a ?Sicilian actuary will give you their names and addresses.
By the way, do you want the best-ever definition of an actuary? Someone ?who expects you to be dead on time.
View our archived webinar, including Oracle and a host of ‘Fast Data’ experts, to discover how financial professionals can help create a Fast Data business
Reinmoeller, professor of strategic management at Cranfield School of Management, has proposed an Eight Actions Model to help organisations increase margin and perform ahead of market expectations
When thinking about Iran as a potential market it’s important to go in with open eyes. This means being aware of some of the myths as well as being clear on the challenges
Third of UK companies with defined benefit pensions schemes are paying out more from their scheme in pensions than is being received in contributions