Upcoming Events
Our Changing Future Talk

Our changing future open forum: a holistic framework for life cycle financial planning

Date: Thursday 15 April 2010
Location: Scottish Widows, 69 Morrison Street, Edinburgh
Time: 17.30 for 18.00

Why attend?
Joshua Corrigan, Senior Consultant at Milliman, will present his paper on financial planning.  The paper looks at all the elements impacting long term financial planning decisions such as the importance of human capital, the impact of asset allocation, product selection and risk protection strategies, the objective assessment of product outcomes and the influence behavioural biases have on the determination of "value" and decision making process.

Who should attend?
The talk will be of interest to actuaries at all levels, specifically in the areas of product development, distribution, financial planning, wealth management, investments and pensions.  We are in particular keen to encourage our younger members to attend, exchange ideas and share experiences in a relatively informal forum.

CLICK HERE FOR FLYER
 
Liquidity Premium Talk

Liquidity Premiums under Solvency II - Andrew Smith

Date: Tuesday 15 June
Location: tbc
Time: 17.30 refreshments for 18.00 start

Why attend?
Andrew Smith shows seven ways to estimate liquidity premiums on assets and explains how portfolio optimisation can trade the rewards for holding illiquid assets against possible losses on forced sale. As a rule, market-consistency denies any credit for asset risk premiums on the value of liabilities, but Andrew will show some arguments for considering the illiquidity risk premium to be an exception. He shows the effect of current CFOCRO forum illiquidity premium proposals on the stated value of liabilities and highlights the dramatic consequences for asset allocation and policyholder protection.
 
FASS Current Topics 2010 - 12th April
Monday 12th April 2010 from 5.00pm
Scottish Widows, 69 Morrison Street, Edinburgh
Sponsored By: Scottish Widows Plc

The next FASS talk sees the return of Current Topics. Ross Fleming and Tim Jenkins of Deloitte, Graeme Troy of SWIP and Sally Smith of Aegon will provide attendees with a recap of the events which have affected the profession over the last year. The event provides 1.5 hours of Work Based Skills Formal Learning or verifiable CPD and is a must for students sitting a Specialist Applications subject in April.

The full agenda is as follows:

17:00 - 17:30 Registration and Refreshments
17.30 - 18.55 Event
18.55 - 19:00 Close followed by drinks reception

Papers now available - click below

  • General insurance [pdf]. Tim Jenkins and James Rakow
  • Investment [pdf]. Graeme Troy
  • Life insurance [pdf]. Ross Fleming
  • Pensions [pdf]. Sally Smith, Alan Chisholm and Derek Chan

    Slides now available - click below

  • General insurance [ppt].
  • Investment [ppt]. 
  • Life insurance [ppt].
  • Pensions [ppt].

    • Click here for the link to the Faculty's website

    Best Question/Comment Winner:Terry Maxwell from Standard Life

     
    Pub Quiz

    Frankenstein’s Basement Bar, George IV Bridge
    Thursday 28th January 2010, 6pm for 6.30pm

    To kick off 2010, FASS would like to invite you to the first social event of the year, the annual pub quiz.  Why not test your general knowledge against your fellow actuarial students and be in with the chance of winning some great prizes.  Buffet food will be provided on the night and once the quiz is over, the dancing will continue upstairs in Frankenstein’s main bar until 1am.  Maximum team size of 5 people.

    Entrance cost:
    £3 for members
    £5 for non-members

    Please let your FASS rep know by Friday 22nd January if you plan on attending.

     


    Sponsored by