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Institute of Actuaries
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There is a gross calumny which claims that actuaries are people who found accountancy too exciting. Not true!
Actuaries are in fact pinstriped bookmakers. They are professional people employed, usually, by insurance companies because they have special skills in calculating insurance rates by reference to the mathematical laws of probability to measure potential risks. In England, these people are members of the Institute of Actuaries, in Scotland the Faculty of Actuaries.
The Institute of Actuaries, Staple Inn Hall, High Holborn, London WC1V 7QJ.
Tel: 0207 632 2100. Fax: 0207 632 2111
See also our guide to Pensions
Last Updated: November 2007 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.