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Numbers up for actuaries

Clerical Medical&#39s irrepressible Gordon McAra was overheard at a dinner boasting of a prophylactic past to rival his stellar career in public relations.

It seems that as treasurer of the Students&#39 Union at one of Scotland&#39s finest universities, Heriot-Watt, McAra was responsible for the installation of condom machines in the toilets in the 1970s.

Given that one of Heriot-Watt&#39s specialities was actuarial science, McAra could well have saved Scotland from a population explosion of actuaries who otherwise would have been coming to maturity about now.

More like saving us from a plague, a fellow guest and national hack was heard to mutter.


A high price to pay for Bamford&#39s PI insurance

Your journal has now provided Nick Bamford with the opportunity to complain about his treatment at the hands of the wicked Professional Indemnity underwriting market twice in four weeks, yet there is another side to the story. At the eighth hour, I was asked to meet with Nick and his broker with a view to […]

Standard Life clients question timing and accuse FSA

Standard Life escaped serious criticism at its AGM on Tuesday over its support for demutualisation but policyholders have questioned the timing and whether it should have been done in 2000. A policyholder at the AGM in Edinburgh said: “Four years ago, you were determined to have mutuality as an almost absolute worship and you are […]

ABI aiming to replace projections with risk tier system

The Association of British Insurers is designing a series of proposals which would overhaul the disclosure regime. The proposals, which will be submitted to the FSA in June, would replace the current projection regime, which sets out a range of returns that consumers can expect on their investment products. A source close to the ABI&#39s […]

Future imperatives

The threats we face in the market are numerous, from rivals&#39 aggressive behaviour to hardening consumer attitudes towards financial planning and products. Our historic core activity has been to act as a service provider to IFAs. The service which IFAs have traditionally bought has been the authorisation to give financial advice through the network. This […]

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


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