Macquarie University has been appointed by the Life & Longevity Markets Association (LLMA) to lead a project on assessing basis risk for longevity transactions.
Two thirds of people aged over 55 who have bought an annuity (68%) would be unlikely to cash it in despite being able to from next year.
Marjorie Ngwenya has been appointed as president-elect of the Institute and Faculty of Actuaries (IFoA).
Hymans Robertson and Spence & Partners were among those to receive the Institute and Faculty of Actuaries' (IFoA) quality assurance scheme (QAS) accreditation.