Actuarial Outpost
 
Go Back   Actuarial Outpost > Around the World > United Kingdom / Europe > Other Professional Discussions: United Kingdom / Europe
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Browse Open Actuarial Jobs

Life  Health  Casualty  Pension  Entry Level  All Jobs  Salaries


Reply
 
Thread Tools Search this Thread Display Modes
  #41  
Old 12-27-2018, 06:43 AM
campbell's Avatar
campbell campbell is offline
Mary Pat Campbell
SOA AAA
 
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 88,614
Blog Entries: 6
Default

actuary21c came to the AO back in 2009, as there was no similarly active forum in the UK.

I told him at the time that he may not get many responses, because this forum is primarily Canadian & American actuaries -- primarily members or candidates of the SOA or CAS.

If you actually read this thread in full, you will note that GW (and me and Bruce) were all commenting about that fact.

Also, since you are probably unaware of what the SOA/CAS are actually up to, you will find that very few official folks post here from the societies (and I cannot remember any AAA person posting ever.) Usually, it will be one of us re-posting official announcements.
__________________
It's STUMP

LinkedIn Profile
Reply With Quote
  #42  
Old 12-27-2018, 06:53 AM
almost_there almost_there is offline
Member
 
Join Date: Jan 2017
Posts: 328
Blog Entries: 1
Default

Quote:
Originally Posted by actuary21c View Post
To the view in (2) I say: how can that be consistent with our principles of:
- being scientists (we do talk about actuarial science). Any scientist who is selective in choosing data is rightly discredited
- integrity: if the leaders of a profession don't present full relevant information to their members or the public, why should the public trust members of that profession? (We are also required under professional standards to act with integrity)
- being evidence-based (similar to the science point above: while many actuaries focus on actuarial practice as opposed to actuarial science, most actuaries would agree that we are and should be an evidence-based profession).

If it is OK for the leaders of a profession to be selective in the information they provide to their members and the public, who is to say at what point a line is crossed that makes us indistinguishable from a used car salesman? (And bear in mind that car salesmen do have a legal responsibility to point out any serious defects in a vehicle that they are trying to sell you!).



This is an ongoing problem which needs to be sorted out urgently: I believe this is the most important professional issue facing the Institute and Faculty today, which will shape our future far more than any merger.
Look at the recent issues in the profession. The Chartered actuary proposal - totally one way point of view being pushed by IFoA, especially in its "The Actuary" magazine yet even then when there was a vote most Fellows voted against it, a setback that was very much played down.

Similarly the oversight body of the IFoA, the Financial Reporting Council, are being shut down as a result of Sir John Kingman's review. IFoA will get oversight from PRA, where there are 80 actuaries not just 4. This is not what IFoA wanted, they wanted the status quo and failed to inform members of the submission deadline. They didn't get what they want and their magazine article about it failed to fully inform members of these consequences.

In short, nothing has changed in terms of the IFoA's attitude towards members, the concealment of information etc. which the OP was concerned about.
Reply With Quote
  #43  
Old 12-27-2018, 06:55 AM
campbell's Avatar
campbell campbell is offline
Mary Pat Campbell
SOA AAA
 
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 88,614
Blog Entries: 6
Default

You may wish to educate yourself about a bunch of nastiness that has been going on in the SOA/CAS in recent years - here's a good example in which we discover the SOA thought it a great idea to spam CAS members (and lawsuits resulted):
http://www.actuarialoutpost.com/actu...d.php?t=287946

That you're angry that you are having difficulty passing an exam is something people at the AO can empathize with, but you haven't made the case that there is something bigger going on... though, you may be interested in foul-ups the CAS has been involved in, but that has primarily been about poor questions (not poor marking) and not managing operational risk well.
__________________
It's STUMP

LinkedIn Profile
Reply With Quote
  #44  
Old 12-27-2018, 06:57 AM
almost_there almost_there is offline
Member
 
Join Date: Jan 2017
Posts: 328
Blog Entries: 1
Default

Quote:
Originally Posted by campbell View Post
That you're angry that you are having difficulty passing an exam is something people at the AO can empathize with, but you haven't made the case that there is something bigger going on...
What on earth are you on about? It's not for you to attribute dubious & false motives to people. How about discussing the actual topic.
Reply With Quote
  #45  
Old 06-11-2019, 02:39 PM
actuary_truther actuary_truther is offline
 
Join Date: May 2019
Posts: 26
Default

The Council is fake. It does not represent members at the IFoA in any meaningful sense. IFoA website encourages members to email the council email address but this is intercepted by IFoA lawyers. Let's no longer pretend there is any kind of representative democracy within IFoA.
Reply With Quote
Reply

Tags
communication, governance, ifoa, institute, transparency, ukmerger

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 08:37 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.22468 seconds with 9 queries