| Christopher David Daykin curriculum | ||||||||||||
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| Date: Tuesday, March 19 |
Session: 19 |
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Social Security |
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Summary The former Swedish pensions system was established in 1960. It consisted of two parts - the National Basic Pension and the National Supplementary Pension. Guidelines for a pension reform were adopted by the Swedish parliament in the summer of 1994, and in June 1998 the majority of legislation constituting the reform was passed by the parliament. The decision was to replace the current defined benefit system with a defined contribution system consisting of two main types of pension: the Income Pension and the Premium Pension. The Income Pension comes under a pay-as-you-go system, while the Premium Pension is a scheme where contributions are invested in funds chosen by the insured (the pension saver), i.e. a premium reserve system (funded system). |
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| Date: Tuesday, March 19 |
Session: 46 |
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Education |
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Summary This paper is a contribution to the current discussion about future developments in actuarial education. The actuarial education systems administered by the Society of Actuaries, the Casualty Actuarial Society and the Faculty and Institute of Actuaries are under review once more, with a view to making further radical changes by 2005. A fundamental objective of the reviews is to broaden the scope of the profession. This paper argues the importance of providing actuaries with business skills, as well as technical actuarial skills, and suggests that future actuaries will be best served by setting much of the training explicitly in a business context. |
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| Christopher David Daykin, CB, Hon DSc, MA, FIA, FFA, ASA | ||||||||||||
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| Chris Daykin has been the Government Actuary of the United Kingdom since April 1989. After graduating with a 1st Class Honours degree in mathematics from Cambridge University (UK), he joined the Government Actuary's Department (GAD) in 1970 and qualified as a Fellow of the Institute of Actuaries in 1973. At the GAD he has worked on pension fund consultancy, population projections, consumer credit, social security and the supervision of both life and non-life insurance companies. He was President of the Institute of Actuaries from 1994 to 1996 and Chairman of the International Forum of Actuarial Associations (IFAA) from 1996 to 1997. He has been the UK representative on the Pensions Observatory established by the Commission of the European Communities and has been the Chairman of the Commission for Statistical, Actuarial and Financial Studies of the International Social Security Association since 1992. He has written numerous papers on actuarial topics, including pensions, social security, general and life insurance, demography and AIDS. He is joint author of the book Practical Risk Theory for Actuaries. In 1995 he was awarded a degree of Doctor of Science (Honoris Causa) by the City University, London. In 1997 he was appointed an Honorary Visiting Professor at the City University and in 1998 an Honorary Visiting Professor at the Shanghai University of Finance and Economics. In 1998 he was awarded the Gold Medal of the Institute of Actuaries. | ||||||||||||
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