Oliver Bettis

Featured #STEM role: Actuary! 🧠 We have a team of highly skilled actuaries within BPAS Actuarial & Pension Services. But - what is an actuary, and what do they do? This quick video from the Society of Actuaries offers a comprehensive explanation:

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The latest PPF 7800 showed funding of defined benefit schemes improved during April, with surpluses increasing for another month running and rising to £458.3bn. Get the thoughts of Broadstone's Senior Actuarial Director Jaime Norman on the impact of continued uncertainty in investment markets over Bank of England rate cuts as well as the recent tightening in corporate bond spreads. Find out more on the data and Jaime's musings in the Professional Pensions article below. https://lnkd.in/gPb_czv4

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“The fact that I'm an actuary has formed a really powerful part of my personal brand and identity and it's opened up a wealth of opportunities for me.” What makes an actuarial career so exciting? Hear our members share their experiences of solving complex problems and enjoying being part of a well-regarded, financially rewarding profession. From diverse opportunities across different projects to the powerful impact on personal brand, being an actuary offers a dynamic and fulfilling career path. Watch the video to learn why you should consider becoming an actuary. #actuary #career #education

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The IFoA has joined forces with the Chartered Institute for Securities and Investment (CISI) to support actuaries in their understanding of ethical issues when deploying AI. Research published by the Financial Services Skills Commission in April listed machine learning and AI as a priority future skill for the UK financial services sector. As actuaries measure risk, AI could be a great help within their role. However, it is important to use AI in a way that is ethical and secure. It's estimated that due to this programme, almost 300,000 global financial services practitioners can now boost their skills in AI ethics and transparency. Read more about this here: https://heyor.ca/a41Pyv #AIInFinance #EthicalAI #RiskManagement #FinancialServices

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In 1662, John Graunt published the first Life Table, an analysis of London’s birth and death records. This became the statistical basis for understanding human mortality and predicting life expectancy, key components of the actuarial science behind life insurance. A few years later, Edward Lloyd opened a London coffee shop that became a hub for shipowners, merchants, and other business owners. Together, they developed more systematic ways to assess risk and determine premiums, a major shift from the more arbitrary previous practices. They also professionalized the concept of underwriting. You guessed correctly – Edward Lloyd was the founder of Lloyds of London! Learn More: https://lnkd.in/ggwx87Wu #VitaFinancial #YourFinancialFamily #History #Insurance #FinancialPlanning

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We’ve devised this quick guide to 10 key steps for developing effective actuarial processes. Each step requires detailed analysis, judgement and excellent communication.  If you need support with designing enduring and effective actuarial processes, our team can help you. https://lnkd.in/ebixAss #actuarialexcellence #actuaries #insuranceindustry #processes Andries Beukes | Maksud Patel | Chris Lennon

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Check out our latest blog post: Networking Tips for Actuaries Building a professional network can be hugely beneficial to your career; this blog outlines some tips to build and maintain your network. #actuarial #recruitment #actuarialrecruitment #networking

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New DB funding code in force today The Pensions Regulator’s (TPR) new funding code for defined benefit (DB) schemes, which provides guidance and sets expectations for meeting funding and investment strategy (FIS) requirements, takes effect today. This code applies to DB schemes with actuarial valuations from 22 September 2024 onward. Click below to read our article. https://lnkd.in/gbVmRmHk #DBcode #tpr #pensionscheme #trustees #employers

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Retaining actuaries is a well-recognised and widespread issue across the insurance industry. This latest article by Andries Beukes explores the challenges and offers practical solutions to help you keep your actuarial talent engaged and committed. https://lnkd.in/eThaaNUz #Actuaries #TalentRetention #InsuranceIndustry #ProfessionalDevelopment #EmployeeEngagement Maksud Patel | Chris Lennon | Christo Muller

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In the third of our VBA mini-series - John Nicholls explains how to improve your VBA by using its massively useful but little-known suite of extensions. https://lnkd.in/eSYAFvgT #VBA #VBAExtensibility

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🌟 Here’s Why Staying in UK Actuarial Pensions Is Your Best Move🌟 It’s natural to wonder if a change of scenery or even a new industry might be the right next step. But before you jump ship, take a minute to think about the amazing potential right here in UK actuarial pensions. There are some real perks to sticking with it – here’s why staying put might be your smartest move yet: 💼 Job Security You Can Count On With the UK’s ageing population and the increasing need for secure retirement solutions, pensions actuaries are needed more than ever. It’s not just a job – it’s work that’s valued and relied upon, no matter what’s happening in the economy. 💷 Salaries That Keeps Pace Actuarial pensions roles in the UK tend to be well-compensated, and they only get better as you gain experience. You don’t need to switch industries to make sure your pay stays competitive – this field rewards you for deepening your expertise. 📈 Specialised Skills That Set You Apart Each year you stay in pensions, you’re building unique knowledge that’s in high demand. This experience doesn’t just make you better at what you do – it can also open doors to more senior roles and exciting new projects, all while becoming a go-to expert in your field. 🌍 Room to Grow Without Moving Out From consulting to in-house pensions teams, UK pensions offers plenty of room to explore new paths. You can take on technical challenges, move toward management, or even help shape policy – without needing to leave the industry. 💡 Meaningful Work Helping people secure their futures isn’t just about numbers – it’s about making a real impact on lives. Especially here in the UK, with more people relying on pension security, your work truly matters. There’s a lot of pride in knowing you’re helping people plan for the future with confidence. So, before you start looking outside the industry, remember: staying in actuarial pensions has benefits that go way beyond stability. This field offers you purpose, growth, and real impact – what more could you ask for? 👉 Curious about where a career in UK pensions could take you... Let’s chat! #UKActuarialPensions #CareerGrowth #PensionsIndustry #StayAndThrive

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Our new series of videos for The Actuary magazine launches today – focusing on a topic of keen interest to the actuarial profession and wider audiences beyond. We hope this trailer piques your interest to watch the full 7-minute film here: https://lnkd.in/e3mV_uUC And please get in touch if you'd like to discuss how audio/visual content could boost engagement within your communications plan. #actuaries #malaria #contentmarketing #digitalmarketing

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The SHPS 30 September 2023 actuarial valuation results were released to employers last week. The cost of DB benefits is down by 60%, but at the same time administration costs are up by 60%.   Join our housing experts as they lift the lid on what lies behind the SHPS results and consider what it means for the housing sector and for individual housing associations.   Sign-up to our upcoming webinar here: https://lnkd.in/dqRzMTWH #SHPS #LGPS #Pensions #Actuarial 

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The CMI Self-Administered Pension Scheme Committee has released Working Paper 190, “Mortality experience of pensioners for the period 2015-2022”. The working paper presents an analysis of the mortality experience of data covering the period 2015 to 2022. It is the latest in a series of such papers that are updated annually. This is the first paper to be prepared following the publication of the “S4” Series of mortality tables. The working paper is available here:  https://lnkd.in/efu6bM3E And you can find a summary of the paper in our blog, here: https://lnkd.in/eSvExhyt

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Our Actuarial Consultancy is all about the realities of small schemes, our Scheme Actuaries appreciate the constraints they work under , this feeds into the advice that we give, including a willingness to get “off the fence” and offer an opinion. https://bit.ly/3PBabuy

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