V
veeko
Member
Is there any reason why we have 2 bodies regulating the actuarial professsion in this country i.e. why do we the Institute and Faculty? Wouldn't it be better to have just one merged regulating body, since their functions are effectively the same.
Another question I'd like to pose is: why did the CT series subjects have to have such a different form following the new education strategy which came about because of the Morris Review? Fair enough, the introduction of CT9 the Business Awareness Module seemed a good justification, but for other subjects like CT4. Is there any specific reason why the old 103 and 104 should be combined? Seems that the previous system was better. Also, moving Time Series to CT6 doesn't seem like a fair justification. Time Series assumes knowledge from Stochastic Processes and was better off in conjunction with that. The whole of CT6 seems to flow well about the technical stuff in GI, but as soon as you reach Time Series it seems like this flow has stopped.
Last but not least - why are the subscription fees for joining the Profession quite high? (Fair enough, your employer may cover this for you, but one will only realise the cost if it came out of your own pocket!). A reason that this seems to be the case is because those in the UK subsidise the overseas fees. Does this seem fair??
Should we actually be getting more from the Institute/ Faculty for the rates that we pay (apart from 11 copies of The Actuary magazine every year)? If so, what more can the Institute/ Faculty offer us? For all we know, this could just be a subtle way to reduce the deficit in their pension scheme!!!
Another question I'd like to pose is: why did the CT series subjects have to have such a different form following the new education strategy which came about because of the Morris Review? Fair enough, the introduction of CT9 the Business Awareness Module seemed a good justification, but for other subjects like CT4. Is there any specific reason why the old 103 and 104 should be combined? Seems that the previous system was better. Also, moving Time Series to CT6 doesn't seem like a fair justification. Time Series assumes knowledge from Stochastic Processes and was better off in conjunction with that. The whole of CT6 seems to flow well about the technical stuff in GI, but as soon as you reach Time Series it seems like this flow has stopped.
Last but not least - why are the subscription fees for joining the Profession quite high? (Fair enough, your employer may cover this for you, but one will only realise the cost if it came out of your own pocket!). A reason that this seems to be the case is because those in the UK subsidise the overseas fees. Does this seem fair??
Should we actually be getting more from the Institute/ Faculty for the rates that we pay (apart from 11 copies of The Actuary magazine every year)? If so, what more can the Institute/ Faculty offer us? For all we know, this could just be a subtle way to reduce the deficit in their pension scheme!!!