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Ritchie set to head Faculty of Actuaries

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.”


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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.

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