Year: 2020

Making the most of the Data Revolution

This article is the first of a three-part series, the later two focus on enabling a data-driven culture and the factors and techniques which can be implemented.
Contact Adrian McGarva at adrianmcgarva@pfsconsulting.com.au or Lynton Norris at lyntonnorris@pfsconsulting.com.au to find out more.

How Should Aged Care be Funded?

The Aged Care Royal Commission is currently considering how aged care should be funded. During September 2020, Paul Keating put forward some interesting ideas about the role of the family home in financing aged care, which we think warrant further consideration. Contact David Rush at davidrush@pfsconsulting.com.au to find out more.  

Principles of value attribution for Unit pricing and Crediting rates – Business as Usual and Compensation

Unit prices and crediting rates: Are you sure they are correct?

All investment products use a unit price or a crediting rate approach to share value between investors. Errors occur. The principles in this paper support discussions of unit prices and crediting rates at all levels, staff, management and Board. This can enhance both the implementation and governance of equitable sharing value changes between investors. The principles apply when reviewing current systems and remediating errors.

PFS Consulting appoints new Managing Director

PFS Consulting is pleased to announce the appointment of Adrian McGarva as its Managing Director and the move of John Newman to the role of Non-Executive Chair.

Performance Bonuses: How Does Your CEO’s Bonus Experience Compare?

The issue of CEO bonuses is a perennial favourite of the financial press. This topic will again be a focus in a few months when reporting season begins and companies declare what their CEOs were paid in these unprecedented times.

Risk Management Implications of Coronavirus (COVID-19) for Non-Executive Directors

PFS Principal Ian Laughlin is a member of a Working Group of the Actuaries Institute that has prepared this paper for the Institute’s Pandemic Resource Centre. It is aimed at assisting Non-Executive Directors, particularly in financial services, on the risk management implications of the COVID-19 pandemic.

Are Actuaries still relevant?

This paper summarises a recent paper co-authored by Jules Gribble. It considers how continuing professional education, a core component of maintaining professional currency and relevance, needs to be reassessed and revised to address professionals evolving needs in a rapidly changing world.