Its KMPG offering the shortened week for less pay but i've not heard of any firms laying off a bulk load of people. I recently moved out of a consultancy mainly because I didn't like it, but also because pensions consultancies will inevitably become less busy over the next 10 years if DB schemes take up the buyout route more quickly than expected. I didn't see myself as in the best 50% of the people there so thought when push came to shove I'd be shipped out reasonably quickly!
As for actuaries wages being too high, I disagree entirely I'm afraid. In my opinion the hurdle to entry ie. the exams are far harder than any that a doctor/solicitor/lawyer etc or any other well paid professionals would have had to pass and therefore only a limited few are capable of qualifying. I'd be surprised if more that a percent or so of the population would have the intelligence or drive required to pass all the exams and fair play to the ones who have (I certainly haven't yet!) - they deserve the wages they get for having achieved something most people are not capable of
Last edited by a moderator: May 14, 2009