Articles

Congratulations to Ian Laughlin Awarded Actuaries Institute Gold Medal

I am delighted to announce that PFS Principal Ian Laughlin has been awarded the Actuaries Institute Gold Medal, in recognition of his outstanding contribution to the actuarial profession, business, the broader community, and government. Ian has had a stellar career to date.  He has led businesses as a managing director and as a board member, […]

The Special Needs of Financial Services Boards

The Special Needs of Financial Services Boards Was the misconduct in financial services enabled by directors who did not understand their businesses? This is the topic of a thought-provoking paper produced by PFS Principal Ian Laughlin and actuarial colleague Barry Rafe. Many recent reviews into the financial services industry have identified widespread and systemic misconduct. […]

The Factors Required to Successfully Leverage Data and Analytics

This is the final article in a three-part series, covering the factors required to successfully leverage data and analytics. Contact Adrian McGarva at adrianmcgarva@pfsconsulting.com.au or Lynton Norris at lyntonnorris@pfsconsulting.com.au to find out more.”

Individual Disability Income Insurance (IDII) in Australia

PFS Consulting would like to thank Principal Ian Laughlin and his team at the Actuaries Institute’s Disability Insurance Taskforce for all their great work in preparing this document

Enabling a Data-Driven Culture

This article is the second of a three-part series, the 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.

Jayesh Bhana appointed as a Principal of PFS Consulting

PFS Consulting is pleased to announce that a new Principal has joined us – Jayesh Bhana.

Ian Pollard named a Member of the Order of Australia

PFS would like to congratulate PFS Principal Dr Ian Pollard on being named a Member of the Order of Australia, in recognition of his significant service to business, to ethical standards, and to the community.

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.