1. © 2010 The Actuarial Profession  www.actuaries.org.uk Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Institute and Faculty of Actuaries: An Update David Hare President-elect Institute and Faculty of Actuaries Our Changing Future 13 February 2013

2. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only An update 1.Brand Refresh –Goodbye Actuarial Profession, hello Institute and Faculty of Actuaries 2. What we’ve been doing 3.What we will be doing 1 © 2010 The Actuarial Profession  www.actuaries.org.uk

3. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Institute and Faculty of Actuaries Our Vision We will serve the public interest by ensuring that where there is uncertainty of future financial outcomes, actuaries are trusted and sought after for their valued analysis and authority. Our Mission The objects of the Institute and Faculty of Actuaries shall be, in the public interest, to advance all matters relevant to actuarial science and its applications and to regulate and promote the Actuarial Profession. (Charter of the Institute and Faculty of Actuaries, August 2010) 2 © 2010 The Actuarial Profession  www.actuaries.org.uk

4. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only An update 3 Institute and the Faculty of Actuaries merge August 2010 April 2013 Launch new brand June 2011 New strategy launched July 2012 New IT Strategy launched Three new Policy Managers recruited April 2012 September 2012 Formal appointment of CEO, Directors of Member Support, Public Affairs, General Counsel May 2011 Appointment of Regions Manager Governance review: Phase 1 complete. Phase 2 ongoing

5. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only The Institute and Faculty’s Strategic Objectives Education To provide high quality qualifications for our students and lifelong education for our members. Member support To offer excellent support that meets members’ varied and evolving needs. Licensing and regulation To license and regulate the members of the Institute and Faculty in such a way as to assure public confidence. Public Affairs and Promotion To speak up on relevant matters of public interest and to raise awareness of the work of actuaries and the value we add to society. Learned Society and Thought Leadership To advance all matters relevant to actuarial science. 4

6. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only 5 Philip Scott President, Institute and Faculty of Actuaries Priorities for his term as President: Customer Focus Leadership Brand

7. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Brand Refresh –why the need? 6 Why are we refreshing our brand? Confusion –The Actuarial Profession v Institute and Faculty of Actuaries The merging of the Institute of Actuaries (England) and the Faculty of Actuaries (Scotland) The Actuarial Profession was a trade name Clean up our identity –clarify who we are To improve awareness of our professional body To help us promote who we are and what we do.

8. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Our values How we measure behaviour Integrity: honest, accountable and professional We are: Doing the right thing for the organisation, our members the profession and the public interest. Community: inclusive, accessible and collaborative We are: building relationships and communities by listening and giving people a clear voice Progress: relevant, supportive and purposeful We are: leading the future of the profession together 7 © 2010 The Actuarial Profession  www.actuaries.org.uk

9. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only 8 © 2010 The Actuarial Profession  www.actuaries.org.uk 1. Education2. Member Support3. Regulation 4. Public Affairs5. Research, Learned society

10. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Education 9 © 2010 The Actuarial Profession  www.actuaries.org.uk Efficient and effective qualification process Finalise the syllabus for the new Analyst level qualification Enhance online capability to deliver assessments Expand the knowledge of the Chartered Enterprise Risk Actuary Qualification among members Continue the programme of accrediting high quality universities overseas with our qualifications.

11. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Member Support Roll out new brand and embed the associated values and behaviours. Develop the platform to deliver more ‘virtual learning’. Develop more student networks to encourage debate and discussion. Encourage more members to volunteer for us -we value their experience and talent. Work in partnership with employers so that we deliver relevant CPD Provide support to actuaries wishing to work and explore in the non- traditional areas of actuarial science. Develop better tools to evaluate CPD events 10 © 2010 The Actuarial Profession  www.actuaries.org.uk

12. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only The roles of the Practice Executive Committees (PECs) The Terms of Reference (ToR) across the PECs previously all different The TOR were not fully aligned to the corporate plan; and Did not reflect recent changes in governance practice As part of our governance review, the decision was to move to a high level generic ToR: –To allow individual PECs to deliver their objectives in a manner which reflects how their practice areas work. –Allows for clearly defined sub committees objectives –Allows for practice specific differences where there is unique objectives to a particular PEC The PECs now report into Management Board Each of the PECs are now expected to conduct a self assessment Each PEC to produce Start and End of Session Reports which outline the aims and achievements of the PECs over the last session 11 © 2010 The Actuarial Profession  www.actuaries.org.uk

13. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Embed framework of professional ethics, conflicts of interest and professionalism. Review our regulatory standards framework –so that it’s appropriate for all our members –wherever in the world they work or study. Continue to work with our regulatory stakeholders –to ensure our approach is informed, relevant and proportionate. Professionalism training offered at all major conferences. 12 © 2010 The Actuarial Profession  www.actuaries.org.uk Regulation

14. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only The overall objective is to create a more effective, efficient and independent FRC and minimise the regulatory burdFRC Restructure 2011/12 The overall objective -to create a more effective, efficient and independent FRC and minimise the regulatory burdens on market participants. Enable the FRC Board to focus its activities on key challenges to UK corporate governance and reporting; and To contribute more effectively to the quality of auditing in the UK through: - reinforced independence from the accountancy professional bodies a more proportionate range of sanctions. ens on market participants. The supporting objectives are to: -Enhance the FRC’s contribution to the efficient operation of the capital markets by focusing its activities on publicly traded and large private companies; -Enable the FRC Board to focus its activities on key challenges to UK corporate governance and reporting;& -To contribute more effectively to the quality of auditing in the UK through: o reinforced independence from the accountancy professional bodies o a more proportionate range of sanctions. Working with the 13 © 2010 The Actuarial Profession  www.actuaries.org.uk FRC Restructure 2011/12 Overall objective to create a more effective, efficient and independent FRC Board for Actuarial Standards abolished Actuarial Standards now set by the FRC Board FRC Board supported by two new advisory committees: Codes and standards Conduct

15. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only The overall objective is to create a more effective, efficient and independent FRC and minimise the Working with the 14 © 2010 The Actuarial Profession  www.actuaries.org.uk Project Capri “An opportunity to pursue our agenda for the future in a closer partnership with the Institute and Faculty of Actuaries.” A clear and shared vision and programme of work. Six main streams of work: MissionEthics ResearchQuality and Monitoring The Role of ActuariesScope of standards Actuarial MethodsInternational framework

16. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Public Affairs Raise the profile of public affairs activity across the membership Responding to consultations on issues where we can add value Undertaking a stakeholder perception audit –measure the impact of our public affairs work Building relationships with key journalists to raise our media profile Developing an effective stakeholder engagement programme. 15 © 2010 The Actuarial Profession  www.actuaries.org.uk

17. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only Thought Leadership, Learned Society Launch of Actuarial Research Centre Two key lectures a year (spring and autumn) Ongoing programme of ongoing research led by Practice Executive Committees –Discount rate project –Third Party Working Party 16 © 2010 The Actuarial Profession  www.actuaries.org.uk

18. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only 17 Questions © Institute and Faculty of Actuaries  www.actuaries.org.uk Aspiring to be the best World class education –the gold standard for actuaries Member services –equality of services, no matter where you are in the world Sound Actuarial Advice

19. Colour palette for PowerPoint presentations Actuarial Bright Green R148 G166 B31 Actuarial Slate R32 G44 B52 * Secondary Olive Green R120 G162 B47 Secondary colour palette Primary colour palette Secondary Bottle Green R0 G147 B127 Secondary Turquoise R0 G138 B176 Secondary Aqua Blue R26 G160 B170 Secondary Pastel Green R126 G205 B195 Secondary Light Purple R123 G149 B174* Secondary Purple R97 G107 B156 Secondary Ecru R186 G163 B171 Secondary Yellow R215 G176 B18 Secondary Orange R213 G135 B43 Secondary Red R238 G52 B36 Secondary Rubine Red R226 G1 B119 *This colour reference is for screen presentations only 18 © 2010 The Actuarial Profession  www.actuaries.org.uk Our Changing Future Questions? Comments?