Description: Chairperson's update on the International Section.

Description: In this issue, Actuary of the Future editor Yuan Yuan invites Doug French, the managing principal of the Insurance and Actuarial Advisory Services practice of Ernst & Young LLP’s Financial Services Organization, to share about his experiences and views on the actuarial profession.

Description: The article is a memorial to the life, work and accomplishments of the influential actuary Jeremy Gold. It describes his career and education in finance and how he used his background to fight for better risk management of pension plans especially those sponsored by state and local governments. It describes his research and important published papers, along with his involvement in the effort to educate the actuarial profession about financial economics. Some personal anecdotes are also included.

Description: Chairperson's welcome to the RS and thoughts about our future.

Description: This essay explores the role that the emerging defined contribution retirement system may be playing in the growth of wealth inequality in the United States. The current system leaves many Americans with little or no retirement savings. Those with higher accumulation levels appear to invest proportionally more in equities, which may have an exponential effect of balances over long time periods. The author hypothesizes that willingness to take investment risk involves the relationship between the amount an investor has accumulated and what she/he needs in order to cover basic costs of living. This is one reason that investors with greater accumulation levels may be able to earn higher rates of return. The essay concludes by suggesting that the U.S. defined contribution system should include all workers and provide additional fiduciary guidance. Examples reforms, both in the U.S. and other countries, are provided.

Description: Book review of Anthony Asher’s "Working Ethically in Finance: Clarifying our Vocation".

Description: A real life situation is posed involving a management, leadership, or other business decision, and readers are invited to submit their responses to "What Would You Do?" This issue’s case study involved an informal job performance appraisal gone wrong.

Description: Technology In Microinsurance This literature review provides insights on emerging technologies that ... the actuarial profession within the space of microinsurance for the purpose of establishing a frame of ... Description: This literature review provides insights on emerging technologies that interact with the actuarial profession within the space of microinsurance for the purpose of establishing a frame of reference for actuaries to use in their work. Furthermore, it intends to spark readers’ interest in, and create a vision for, how microinsurance and its associated technologies may impact the actuarial industry in the future.

Description: This paper delves in the four pillars that support the professional exercise of an actuarial mathematician: operating, teaching, consulting and researching.

Description: Interview with the current Chair of the Retirement Section Council, describing the work of the Council and other topics.