Scottish Equitable director of pension development Stewart Ritchie looks set to become president of the Faculty of Actuaries this year.With current president Harvie Brown coming to the end of his two-year term this year, the election is expected to take place at an ordinary general meeting at the end of June. Ritchie is vice-president of the faculty as well as a member of the Association of British Insurers’ pensions committee and National Association of Pension Funds’ benefits council. In the likelihood of winning the election, ScotEq pensions development manager Rachel Vahey will have to take more of a front-line role. The actuarial profession is governed jointly by the Faculty of Actuaries in Edinburgh and Institute of Actuaries in London, which lay down a code of conduct for members. The faculty celebrates its 150th anniversary this year. Ritchie says: “If I do become president, I expect to have to sometimes talk with a ScotEq hat and at other times with a Faculty of Actuaries hat.” Faculty and Institute of Actuaries communications manager Barbara Beebee says: “There has been a tendency for vice-presidents to be voted into the role of president but we must wait for the outcome of the ballot.”
These are turbulent times for some IFA companies and their advisers, with one business crashing in the last few months and others facing a financial crunch.
Real time policy valuations from Scottish Equitable are now live on The Exchanges Exweb Gold service.Scot Eq is the sixth provider to support the valuations service that includes the ability to provide real-time aggregated policy valuations for pensions and bonds via electronic links.The Exchange managing director David Child says: The ability to access aggregated client […]
Home Information Packs have been slammed as rubbish by Tory MP and AMI chairman John Gummer.Speaking at the Association of Mortgage Intermediaries annual dinner last night, Gummer insisted the industry will do its utmost to ensure a smooth transition towards the Hip regime despite his ferocious assault, which drew tumultuous applause from the assembled brokers […]
Seven Year Fixed Rate
Those with long memories will remember that in the run up to the 2010 general election there was much talk from the Conservative Party around a rather nebulous beast – The Big Society.
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