Actuarial profession

The Norcros Security Plan trustees have hired Buck Consultants to provide actuarial services to its £400m defined benefit (DB) section.

Actuarial fees for small schemes have fallen over 2013 as competition for their business rises, Kim Gubler Consulting (KGC) finds.

This week respondents support the idea of qualifications for professional trustees, back calls to let members use funds for long-term care, and say actuaries will always find a role in pensions.

The majority of contributors believe there will continue to be a role for actuaries in the pensions industry, even as defined benefit (DB) provision is phased out.

Life expectancy at retirement fell over 2012 according to the latest update of the Institute and Faculty of Actuaries' Continuous Mortality Investigation (CMI).

Seven out of ten Buzz respondents believe schemes are paying too much or waiting too long for calculations carried out by actuaries.

Jack Jones examines the latest developments for IORP II

Catherine Love Soper shares her experiences teaching actuarial science at the Kwame Nkrumah University of Science and Technology.

Jack Jones examines higher than expected mortality rates

The Actuarial Profession has revised down its life expectancy projections for older people after recording slower than expected improvements in mortality rates over the last decade.