ANNUAL REVIEW 2017 – 2018

THE WORSHIPFUL COMPANY OF ACTUARIES

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Contents Page

Court 2017 - 2018

Master’s Report

The Charitable Trust Report from the Chairman of Trustees

Events

News from the Court

Membership of the Company

Court and Committees 2017-2018

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THE WORSHIPFUL COMPANY OF ACTUARIES2017 – 2018

SENIOR WARDENNick Salter

Court Members:

Past Masters:Mr Alan Fishman, Mr Adrian Waddingham, Mr Bill Smith, Mr Charles Cowling , Mr Martin Miles, Mr Peter Thompson, Mrs Sally Bridgeland.

Court Assistants:Mr Keith Barton, Mr Ronnie Bowie, Ms Julie Griffiths, Mr Robert Hails, Mr Rodney Jagelman, Mr Keith Jones, Mr Derek Newton, Mr Bill Rayner, Mr Gordon Sharp.

Past Masters and Assistants Emeriti:Mr Peter Parker, Mr Ken Ayres, Mr Alan Hall, Mr Fraser Low, Mr Richard Hawkes, Mr Peter Derby, Mr Huw Wynne-Griffith, Mr Andrew Benke, Mr John Lockyer, Mr Peter Turvey, Mr Roger Corley, Mr John Simon, Mr Marshall Field, Mr Solomon Green, Mr Robin Michaelson, Mr Alan Frost, Mr Graham Clay.

Clerk Mr Lyndon Jones Clerks Emeritus Mr Michael Turner, Mr David JohnsonHonorary Chaplain Reverend David ParrottBeadle Mr David CoshChairman of the Trustees Mr Michael Pomery

MASTERNick Dumbreck

JUNIOR WARDENFiona Morrison

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The Master’s Report Nick DumbreckMaster Actuary 2017 – 2018

Being Master of a livery company is both an indulgence and a responsibility. It brings invitations to numerous dinners, lunches, receptions and other events, many of which are exclusive to the City hierarchy. But as the main interface with other companies and City institutions, the Master also has an obligation to foster the external image of his or her company, while providing leadership and helping to raise charitable funds. It is a busy year and something of a rollercoaster ride, with activity levels ebbing and flowing and some very hectic weeks, particularly in the spring.

At the dinner immediately following my installation on 6 July 2017, I confessed to finding it daunting to follow a long line of high-achieving Masters of the Actuaries’ Company. I said that I would do my best to live up to the high standards of my predecessors, but at the same time I would aim to moderate expectations of the Master so that future candidates for the role – and particularly those in full-time work – were not put off.

I hope I succeeded in treading a pragmatic line between these two objectives. I thoroughly enjoyed my year in office, although at the end of the year I couldn’t escape the feeling that a weight had been lifted from my shoulders – and not just because I had removed the Master’s gown. My wife Lesley, Mistress Actuary for the year, also participated enthusiastically and attended over 30 consorts’ events.

Installation as Master in early July means a relatively gentle introduction to the role, as there are relatively few events in late July, and none in August. This allows some time to complete preparations for what follows. The most memorable events of the autumn for me were: abseiling down the Cheesegrater to raise funds for the Lord Mayor’s Appeal; joining the Immediate Past Master at a splendid dinner at the RAF Club as guests of 601 Squadron; the Master’s Weekend in Sóller, Mallorca, which gave Lesley and I a chance to “show off” a part of the world that we love; and a hugely entertaining Livery Lecture by Sir David Spiegelhalter, which is still mentioned fondly by Masters who attended. The highlight of the winter for the Company was an event I didn’t attend – our famous victory in the Inter-Livery Pancake Race. Congratulations go to the whole team, but especially to Liveryman William Coatesworth, who was awarded the ceremonial frying pan! The winter also saw most of my visits to universities to present prizes to the top actuarial science students – I visited Southampton, LSE, Manchester, Belfast, Leicester, Warwick and City, and was grateful to Liveryman Chris Green, who presented the prize at Liverpool University. Of the numerous events during a busy spring, our Mansion House Banquet deserves a special mention. We were delighted to welcome the Lord Mayor and Lady Mayoress, the Aldermanic Sheriff and both Sheriffs’ Consorts. In the absence of our Honorary Chaplain, my son Geoff (Chaplain of Peterhouse, Cambridge) said Grace. There were fine speeches from the Lord Mayor and Baroness Wolf of Dulwich.

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The Master’s Report

The Master’s family at the Mansion House

Receiving a gift from the Lord Mayor

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The Royal Party walking back to the Palace

All Livery Masters are invited to a garden party at Buckingham Palace during their year in office, and Lesley and I chose 15th May from the dates offered; our younger daughter Caroline, being just under the upper age limit, was able to join us. After a pleasant lunch at the Goring Hotel with the Master Environmental Cleaner and Master Management Consultant and their consorts, we joined a long and slow-moving queue to enter the gardens – security was tight. We were too late to find a prime position to see the royal party, but the weather was perfect for the occasion, and we enjoyed tea, sandwiches and ice cream sitting in the sunshine.

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Towards the end of the year we enjoyed the traditional Masters’ Weekend at Ironbridge, packed with museum visits and dinners. Interesting and enjoyable, but it was a shame that the Iron Bridge itself was completely shrouded in plastic while being repaired.

For most of the year, the Master plays very little part in the organisation of events; the exceptions are the Master’s Weekend and the Clerk’s Dinner. The latter was held at the RAF Club, which proved to be an ideal venue. Speeches were delivered as soon as we sat down, and the rest of the evening was relaxed and informal. The evening provided a fitting way to thank Lyndon for his tremendous support throughout the year.

The main fundraising event of the year was the Actuaries’ Walk, which followed an 11 mile route through central London on Saturday 23 June. Attempts to involve the wider actuarial profession in this event met with limited success, but the walk was enjoyed by those who took part and raised over £33,000 for good causes.

Inevitably there are some sad occasions during the year, the saddest being the death of Court Assistant Robert Hails at the age of 67. The Company was well represented at Robert’s funeral in Reigate in June, and I am very pleased that Janet, Robert’s widow, has accepted an invitation to become a Companion of the Company. There were four other deaths of prominent Liverymen during the year – John Martin, former Senior Partner of R Watson & Sons and Past President of the Institute of Actuaries; Peter Parker, our Senior Past Master; Pat Merriman, the only lady founding member of the Company; and John Brumwell, who created the original FT Actuaries Index.

One of the best aspects of being a Master is enjoying the hospitality of other Companies and getting to know the other Masters in splendid surroundings. I started the year with the intention of avoiding alcohol at lunchtime events, but invariably found my resolve failing as soon as a glass of champagne was proffered. Despite this I avoided gaining weight, mainly (I think) by walking a lot. I look forward to keeping in touch with the Masters from my year through the Spitfire Masters Association.

My sincere thanks go to all the people who helped and provided support during the year; they are too numerous to mention individually, but I am extremely grateful to them all.

Nick Dumbreck

The Mistress at Coalbrookdale, near Ironbridge

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The Charitable TrustTRUSTEES Michael Pomery (Chairman)

Peter Crutchett Simon Dudley Ian Farr Martin Miles Alan Smith

HONORARY ALMONER Patrick O’Keeffe

During the year, the Trustees met 4 times and continued to work closely with the Education Committee.

Our income for the year to 31 July 2018 was around £160,000, of which about £125,000 came from donations by liverymen and the accompanying gift aid, with the remainder coming from legacies, investment income, company social events and fund raising activities such as the Masters’ Walk that took place in June 2018. We aim to give away an amount at least equal to our income during the year. We concentrate on supporting five areas of giving:

1. Projects in the field of Maths education (£70,000 donated in 2017/18)

a) The Royal Institution (Ri) Maths masterclasses have been running for 30 years for 13 – 15 year olds. The students give up their Saturday mornings for a series of workshops which explores topics outside the GCSE maths syllabus. Many are from deprived areas of Inner London and often they are “on their own” in maths classes at their schools, with no other equally able pupils. We originally funded the Ri with £55,000 over 3 years to extend this programme to 16/17 year olds, where the demand outstripped their resources. During 2017/8, we agreed to commit to further sponsorship of these masterclasses to the tune of £30,000 pa for 3 years.

b) The Geoffrey Heywood award, in honour of our Founding Master, consists of £5,000 pa for two years for schools which have an excellent Maths teaching department and undertake an extensive outreach programme in Maths to other schools in their surrounding area. We gave the first such award to St Olave’s GS in Kent and have recently agreed to extend it for a third year. King’s College Maths School in Lambeth and Exeter Maths School, which are specialist Maths sixth form colleges, are also being supported in this way. All three schools achieved excellent A Level results in 2018 and are carrying out valuable outreach work amongst students and teachers in local schools.

c) The Education Endowment Foundation (EEF) was established with Government money “to raise the educational attainment of disadvantaged children by identifying and funding promising educational innovations.” We gave £32,000 over a two year period to support a large scale nation-wide trial of a project to improve the teaching of Maths in primary schools. Preliminary smaller scale trials had been particularly promising and this trial, involving over 7,000 children, if successful, could lead to a national roll-out. Our money has specifically funded the trial in a regional “hub” of 20 primary schools in South East London and one of our liverymen has joined the strategic board of this “hub” in an non-executive role. The trial has undergone a rigorous independent assessment and a report is due to be published in early 2019.

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The Charitable Trust

d) Other charities which we have supported in 2017/8 in the field of education are:

• The Brokerage City Link, which provides an introduction for disadvantaged children to the world of work in the City,

• Tower Hamlets Education Business Partnership (BEE), which uses City volunteers, including several actuaries, to provide basic financial education to primary school children in Tower Hamlets,

• Reed’s School, which provides outreach projects in STEM subjects for primary schools from South London, and

• Maths Trail Funding which provides outdoor mathematical activities for primary schoolchildren in a West Ham park.

2. Charities where a liveryman (or other actuary) is actively involved (£50,000)

Typically we commit to three years of support and ask that our donations are used for a specific purpose, where they will “make a difference”, with regular annual reporting back on progress. We are currently supporting fifteen different charities in this category. These cover a wide range of interests, from medical charities and hospices through charities supporting the disabled, homeless, elderly, unemployed and victims of domestic abuse to the provision of martial arts training to disadvantaged youngsters. One charity we support under this heading is “Suited and Booted”, a charity based in the City of London that helps vulnerable, unemployed and low-income men get into employment by providing suitable interview clothing donated by companies and professionals.

Liverymen Gary Simmons and Mike Thomas are both involved with this charity and the good works being carried out have been showcased in a video produced by BBC Three. The video can be found via this link:

https://www.facebook.com/bbcthree/videos/2174380466170826/ UzpfSTIwMTMwNTg0Njg3MzExNjo2OTU4NTUyODA3NTE1MDE/

3. Bursaries and Prizes (£16,000)

We maintain good links with eleven universities which run IFoA accredited undergraduate courses in Actuarial Science and we again provided bursaries for third year students in financial need and an annual prize for academic achievement at each university. We also give prizes for several IFoA exams.

4. City charities (£10,000)

We support on a regular basis a number of charities connected with the City of London and the livery movement.

5. Master’s Allowance (£12,500)

In addition, we give the Master an annual allowance to enable him or her to respond as they think fit to charitable requests that they receive during their year in office.

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During 2017/8, Liveryman George Yoxall resigned and was replaced by Liveryman Chris Green. At 31 July 2018, our Almoner, Liveryman Patrick O’Keeffe, retired after seven years sterling service on behalf of the Trust. He was replaced by Liveryman Chris Bamford. Also at 31 July 2018, the chairmanship passed to Liveryman Alan Smith.

More information about the Trust, our annual accounts and the individual charitable activities which we are currently supporting is available on the website.

Michael PomeryChairman Company of Actuaries Charitable Trust

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EventsInstallation Dinner - Saddlers’ Hall 6 July

Thursday evening July 6 was the date, Saddlers’ Hall in the City of London the venue, for the Summer Livery Dinner of the Worshipful Company of Actuaries. Before the dinner the new Master, Nick Dumbreck, was installed by his predecessor, Sally Bridgeland, along with the new Senior and Junior Wardens, Nick Salter and Fiona Morrison respectively.

Pre dinner drinks were taken in the outside courtyard, thanks to the wonderfully warm evening. After dinner, the guests were welcomed formally by Court Assistant Keith Jones. The response on behalf of the guests was given by Clive Bannister, Chief Executive of Phoenix Group and Chairman of the Board of Governors of the Museum in London. His speech focussed on his role at the Museum of London, and covered a wide range of topics, from how it was founded, to its plans for its new home, in West Smithfield. It so happened that our senior Livery guests were the Goldsmiths’ Company who had just announced a donation of £10 million to the new Museum.

Guests at Saddlers’ Hall

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Nick Dumbreck in his response presented Clive with a cheque for the London Air Ambulance, a charity supported by Phoenix Group. He thanked Sally, and her consort, Michael, for their work in their year of office, acknowledging that they had set a high standard to follow. He announced that the Company was to be affiliated to RAF 601 (City of London) Squadron, with Sally being our link person as Honorary Group Captain. Finally, he reminded all present that as he had been a sponsor of many for their various charitable fund raising activities, in his year as Master, he would be seeking reciprocation, starting with sponsorship for an abseil down the Cheesegrater building in London in September - all 225 metres of it - completed safely!

Roger Dix

2017-2018

Clive Bannister’s speech

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Events

Abseiling with the Lord Mayor – 8 September 2017

I spent the morning of 8th September at Lord’s, watching four overs of the final Test between England and the West Indies, and a lot of heavy rain, and turned up at the Cheesegrater at the appointed time, 2.15pm. By that time the rain had stopped and conditions for my descent were pretty much ideal. The event was very well organised, and I didn’t have to wait long before being fitted with a harness and hard hat and taking the lift to the 47th floor.

The picture shows the start of the descent – I was attached by a short rope to an experienced abseiler who was able to control my progress if necessary. In the event I was pleased to discover that most of the hard work was done by gravity and no great skill or physical fitness was required. The descent was quite exhilarating, and only took about five minutes. The main challenge was to avoid friction burns on my hands – the gloves provided weren’t very thick. It was fun looking into all the offices on the way down – though I think by that time the novelty of watching abseilers going past the windows had worn off for those in the offices. I was back at Lord’s by 4pm, and in time to witness James Anderson’s 500th test match wicket.

In short, it was a more enjoyable experience than I had expected, and I would do it again if the opportunity arose. Very many thanks to all those who sponsored me – you were most generous, and I passed my target of raising £2,000 for the Lord Mayor’s Appeal.

Nick Dumbreck

On the 47th floor

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Exercising an ancient right

On Sunday 24th September 2017 a team from the Actuaries’ Company took part in the annual sheep drive over London Bridge, organised by the Worshipful Company of Woolmen. Our time slot was at 1:21pm, by which time the sheep had made several crossings of the bridge and were getting tired (and probably confused), so they were quite docile.

We “drove” sheep along a fenced-off part of the pavement for about 50 yards, before passing them on to the next team and each being rewarded with a certificate. The event afforded plenty of photo opportunities, and the sheep didn’t seem to mind. Afterwards some of the team had lunch in the sunshine outside a tapas bar on the south side of the bridge with the Beadle, who had brought the Master’s gown. Most of us also visited the fine array of stalls selling woollen goods in Monument Street at some time during the day.

Driving Sheep

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Chocolate event - 27 September 2017

Chocoholics Unite!On 27 September, about 20 WCA members and friends met in the Master’s Pimlico kitchen for a second chocolate tasting arranged in conjunction with master chocolatier William Curley. The chocolate was accompanied by a fine selection of red wines from the Master’s cellar.

Immediate Past Master Sally Bridgeland had held a chocolate and wine evening in her kitchen (in her case in Dulwich), so maybe this event will become a fixture for future Masters in their kitchens.

The attendees had a very enjoyable and convivial evening, with a wide range of types and tastes of chocolate following an explanation of how the chocolate which we eat is made and where its ingredients came from. We also learnt why we should always buy gourmet chocolate rather than the mass-produced variety.

After an evening spent eating what seemed like a series of desserts (not that anyone was complaining), we drifted off into the night in a satisfying haze of chocolate and red wine.

Decorating chocolate tarts

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Master’s Weekend 2017 5th – 8th October, Mallorca

Thursday 5th October The 2017 Master’s Weekend began with a reception and dinner at the Gran Hotel, Sóller, our base for the weekend. Sóller is situated in the “Valley of Oranges”, at the heart of the mountainous Tramuntana region in the north of Mallorca, a UNESCO World Heritage site. After dinner the Master proposed a toast to the members of the original party who had been obliged to cancel their attendance for medical reasons.

Friday 6th October After breakfast the following morning, our party of 46 boarded a coach for the scenic drive along the coastal road to Deià and Valldemossa, with several hairpin bends and sheer drops. We stopped at Son Marroig, a country mansion built by the Austrian Archduke Louis Saviour in the 19th century, to admire the view of the coastline and perforated rocks.

At Valldemossa we left the coach and our guide gave us a tour of the 14th century Cartuja, a former Carthusian monastery adjacent to the palace of King Sancho. We started in the church, and then saw the pharmacy and some of the cells, including those in which Frédéric Chopin and George Sand stayed in the winter of 1838/9. We then moved to the palace for a short recital of Chopin piano pieces and a tour of the main rooms. Following a short break to restore caffeine levels we walked to the Hotel Valldemossa (with fine views in all directions and described by Chopin as “the most beautiful place in the world”) for a leisurely buffet lunch, with paella as the centrepiece.

The Cartuja at Valldemossa

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Fountains at the Gardens of Alfabia

After lunch we boarded the coach for Deià to view the house where Robert Graves lived and worked for most of his adult life. We were welcomed by William Graves, the eldest son of Robert’s second marriage and his literary executor. The tour started with a fascinating film about Robert’s life, narrated in the first person by William and with some footage of his father at work. Much of the house is as it was when the family was living there, including Robert’s study and printing press, but part of the first floor displays personal effects and letters, and the telegram erroneously informing Robert Graves’ parents that their son had died while fighting in France in 1916. Most of the party also visited the hilltop church in the village to see Robert’s simple grave in the cemetery.

We said goodbye to William Graves as the house closed at 5pm, and returned to the Gran Hotel before taking a short walk to Ca’n Boqueta for dinner – a 5 course tasting menu with paired wines. After dinner we drank the health of Alan Frost on his birthday, and Jo and Vincent Emms on their 5th wedding anniversary.

Saturday 7th October The following day the party assembled at Sóller railway station bright and early for the 9am train. The Ferrocarril de Sóller runs electric trains, with wooden carriages built in 1929, which wind their way up the mountainside, through a long tunnel and then on to Palma. We left the train at the first stop, just beyond the tunnel, to visit Alfabia, a house dating from the Arab occupation of Mallorca in the 12th century but with extensive Baroque additions. Highlights of the house include a coffered ceiling dating from 1170, a chair depicting the legend of Tristan and Isolde and a huge olive press in an outbuilding. The gardens are equally fine and include a pergola with a line of fountains forming a long arch and a large cistern which reflects the surrounding mountains. After a refreshing glass of orange juice we boarded a coach to take us to Palma.

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We enjoyed a guided walk from the Plaça Espanya to the El Olivar covered market, selling all kinds of produce including large Sóller prawns at €95 per kilo. From there we walked via the Plaça Major and some fine Art Nouveau buildings to the magnificent Gothic cathedral, started in the 13th century, completed in 1601 and remodelled internally by Antoni Gaudí in the early years of the 20th century. We saw the monumental ceramic mural in the Chapel of St Peter, by local artist Miquel Barceló, depicting the miracle of the loaves and fishes – opinions were divided on its merits. From the cathedral we walked to a nearby restaurant, Peix Vermell (“red fish”) for lunch. The route afforded fine views of the port but also took us past a march in support of a united Spain (following a demonstration in support of Catalan independence the previous weekend). Some of our party became separated in the resulting confusion but (thanks partly to John Ryan’s distinctive purple shirt) they were reunited quite quickly. Preparations for our lunch has been disrupted by the march, which delayed delivery of supplies, and though the food was delicious we returned to the coach more than an hour later than intended. The planned detour to Bellver Castle to see the view over Palma Bay was abandoned, and we returned to the hotel to get ready for dinner at Agapanto in Port de Sóller.

As for all the meals up to that point other than breakfast, we had the restaurant to ourselves and, following a cava reception on the beach and terrace, we were given a six course tasting menu. Despite the relatively short gap between lunch and dinner, the party quickly regained their appetite when presented with dishes including duo of king prawns with avocado cream, grilled negrito (a local fish) with wheat salad and vegetable sauce, fillet of beef with creamed white beans and port wine sauce and Crema Catalana with autumn sorbet. The meal was served on the terrace, with fine views over the harbour. As senior Past Master, Marshall Field gave a typically witty speech to thank the Master and Mistress for organising the weekend.

Sunday 8th October The following morning we boarded the wooden tram at 10am to take us to the Port to join a boat, the Calobra I, for a trip to Sa Calobra. The outward journey followed the rocky coastline closely, and the boat entered a sea cave at one point and manoeuvred between rocks and the shore at others. Sa Calobra is a small cove with a large number of tourist cafes, but a short walk (partly through narrow tunnels) took some of us to the Torrent de Pareis, a large beach with a river fed from two canyons and beautiful turquoise sea, which we saw again later from the boat. We arrived back at Port de Sóller shortly after 1pm and headed for El Pirata on the quay for a tapas lunch to mark the end of the weekend.

Not the tram driver!

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Everything had gone remarkably smoothly up to that point, but the motor race to the Puig Major (the highest mountain in the western Mediterranean, which overlooks Sóller) blocked the road between Sóller and the Port and caused some anxiety for those with late afternoon flights. Those staying an extra night visited the Master and Mistress’s house in the centre of Sóller for early evening drinks.

Throughout the weekend the weather was near perfect, despite the threat of showers on Friday – sunshine and daytime temperatures in the mid-20s. The atmosphere within the group was excellent from the outset, and reflected the laid-back location. All in all a very enjoyable weekend.

The boat to Sa Calobra

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Events

Leaving the train at the Gardens of Alfabia

A cistern at Alfabia

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On the steps of the Hotel Valldemossa

Autumn Livery Dinner Grocers’ Hall – 19 October 2017

For our Autumn Livery Dinner we were at Grocers’ Hall. The Worshipful Company of Grocers is ranked at a lofty position in the order of precedence, ranking second only to the Mercers and a mere 89 places above the Actuaries Company. Grocers’ Hall was established in 1426 but the first hall was one of the 52 livery halls that were destroyed in the Great Fire of London. Our surroundings were appropriately splendid in their current hall, the fifth incarnation, the previous hall having suffered the same fate as the original, burning to the ground in 1965. At first sight, the many depictions of a camel around the hall, including all the glassware seemed slightly surprising. However, the reason for this particular logo lay in the “grocers” original role as spice merchants and the camel being a key element in this trade.

19 October 2017 was also Opera Passion Day and aspects of the evening chimed with the Master’s love of music. Before the meal we were entertained with a selection of songs (operatic and popular) by Harry Thatcher, the current Betty Bremner Scholar at the Royal College of Music, accompanied on the piano by Cat Beveridge who is following a varied musical career and is currently, among other things, the Assistant Music Director for An American in Paris at the Dominion Theatre.

The evening’s official guests of the Company included Dr Carolyn Boulter (the Master Clothworker), George Harris (the Master Poulter), Patrick Marsland-Roberts (the very newly installed master Carworker – of just one day!), Wing Commander John Chappell (Commander of 601 Squadron with which the

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Actuaries Company has recently established links) as well as the Principal Guest Wasfi Kani. After an initial foray into the world of mainframe computers and financial systems in the city, Wasfi’s career turned to music. In 1987 she established the Pimlico Opera, a charitable body aiming to use music and drama to aid personal development, particularly with younger people. Since 1991 the charity has worked in prisons, staging 22 different jail-based musical productions to great success. Her prison work resulted in her being invested with the OBE in 2001. Wasfi founded Grange Park Opera in 1998. In her speech after the dinner Wasfi described the many benefits achieved by prisoners who had taken part in the Pimlico Opera productions, most of whom would have had no previous experience of music. She also told us about the trials, tribuations and ultimate successes over the last two years of Grange Park Opera’s relocation from The Grange in Hampshire to West Horsley Place. The guests of the Company were welcomed by Liveryman Derek Newton.

The dinner passed with the usual lively conversation possibly enhanced by the ‘guest rule’ for this evening being relaxed to include members’ partners, who are not usually invited to Livery Dinners. During the meal the Master took wine with the seven new Freemen and two new Liverymen who had been admitted to the Company at the Court meeting earlier that afternoon. The Autumn Livery Dinner is also when the annual Phiatus Award is presented to an actuary who has made a significant contribution to charitable activities. The Master took great pleasure in presenting this year’s award to Nick Silver who for many years has been interested in environmental issues, has led various initiatives in this area for the actuarial profession and who, together with his friend Sean Kidney, established the charity the Climate Bonds Initiative. The Master commented that Nick was a role model for how actuaries can support charities with time, effort and commitment rather than just fund raising. This award was warmly acknowledged by everyone present.

In his speech the Master touched on the work of the Company’s Education Committee and the various initiatives in the field of mathematical education – with the funding from the Charitable Trust. In recent years these initiatives have multiplied and the current emphasis is to coordinate our efforts with those of other livery companies that are supporting maths education projects. The Master also described some of his official activities in the year so far. Whilst July and August had been quiet, the last six weeks had become busy. Particular highlights were his abseiling down the Cheesegrater (“which was actually more enjoyable than I was expecting…”), 601 Squadron’s Battle of Britain Dinner (“ Based on conversations at the dinner, I am optimistic that the Actuaries Company will be able to make a worthwhile contribution to the RAF via its affiliation with 601 Squadron.”) and the Master’s Weekend that took place in Soller, Mallorca (where a party of 46 members and spouses were introduced to the delights of the beautiful Tramuntana region in the north of Mallorca).

This brought an enjoyable evening to a close.

Visit to the Queen’s Gallery - 30 October 2017

Actuaries at the Palace

On 30th October, a party from the Worshipful Company of Actuaries made a private visit to the Queen’s Gallery at Buckingham Palace.

The current exhibition is centred on Canaletto and the Art of Venice, which has been open to the public, but special arrangements were made for a private viewing after normal hours. Before viewing some of the best known pieces of artwork by a number of Venetian artists, Lucy Whitaker (Senior

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Events

Curator of Paintings at the Gallery) gave a presentation to explain the background and idiosyncracies of Canaletto’s work.

The group of 46 Liverymen and guests demonstrated a wide spread of knowledge of classical art, ranging from the committed enthusiast to the novice with only the most basic awareness. There was something to hold everybody’s interest including: the extraordinary physical quality of the works, the intricacy and detail of unimaginably fine lines in pen and ink portraits (which from a few steps back could easily be mistaken for a photograph), and the explanations about how Canaletto changed significantly the dimensions and proportions of some of the best known buildings in Venice to “make his paintings look more balanced”. In one of his works he even included a fictitious addition of an extremely large bridge with an impressively imposing superstructure, much to the disappointment of many - who visit Venice to view the real thing - when they discover that the bridge does not actually exist. In our actuarial world, they call it due diligence!

Altogether an unforgettable evening, rounded off with supper at a nearby eatery.

Lucy Whitaker enlightening the Master and Mistress

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Lord Mayor’s Show - 11 November 2017

The weather forecast boded ill. The top of the Cheesegrater was in mist. Great excitement as we donned our gowns, poppies and hats. So we were like Hogwarts’ witches and wizards, dressed for Remembrance Day with floppy (not pointed) hats to protect us from the light rain.Master Dumbreck in scarlet and fur was like a beacon.

Footwear was practical (have you seen the number of camels, horses, donkeys, sheep and dogs in the parade?).

The Modern Companies’ float (#29) assembled in London Wall – with our Golden Bus. We checked in and were asked to check out if departing early. We also needed photo ID : Senior Warden Salter suggested “so they can identify our bodies, in case of an incident”. Cheery soul, our Senior Warden.

For the longest “unrehearsed” parade in the world (source : BBC) it is run with military precision. Different muster points for each “type” of float – but they all merge into the correct order (up to #144) at the appropriate points.

At 11am there was a 2 minute silence. Well probably 11:01 and about 5 minutes by the time our part of the parade (Gresham Street) cottoned on.

Once we started moving again we completed the journey to HMQ Wellington (bottomless prosecco and a sandwich) in under an hour. Apparently this break-neck pace was due to “our” band of tall, fit, Dutch women and men. They probably felt at home in the drizzle.

What surprised me most were the crowds – the whole route was lined, many deep in parts. And everyone (well apart from the security people mingling in the crowds) smiling and cheering.

The Master and Wardens in the procession

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The Fuellers, with their bright yellow and red edged gowns, handed sweets to many children : we’ll do the same next year.

We experimented with different forms of waving. I have new respect for the Queen (and I must remember to suggest to Fitbit a new categorisation of exercise “Walk & Wave”).

After our lunch on the Quarter Deck of HMQ Wellington, we re-assembled. This was an opportunity to see many of the other floats – the Grocers’ 4 camels were a highlight for me. Incongruous (and the last time I saw real camels was in the mountains of Mongolia).

Amazingly, deep crowds lined the return leg. Junior Warden Morrison exhibited a more extrovert side – “High Fiving” many along the route. Tremendous fun.

And contrary to the forecast, the float didn’t actually…. float away (this year, anyway).

Livery Lecture - Staple Inn 12 November

The Worshipful Company of Actuaries held its annual Livery Lecture at Staple Inn, the home of the actuarial profession, on the evening of 22 November 2017. Over 50 Livery Company Masters attended and we were all thoroughly entertained by a talk from Sir David Spiegelhalter OBE FRS, Winton Professor for the Public Understanding of Risk at Cambridge University. Sir David is also the current President of the Royal Statistical Society and an Honorary Fellow of the Institute and Faculty of Actuaries. The title of his talk was “Dodgy data in the news: how to spot it and how to stop it”. Sir David showed many examples of how the press misrepresents statistics from research, and the whole audience was enthralled by the presentation. The Lecture was followed by a delicious supper and an opportunity to put questions to Sir David. This event, which was sponsored by Aon plc, continues to be very popular amongst the Livery community and all Masters are impressed by the architecture of Staple Inn.

Holding the banner

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Sir David Spiegelhalter at Staple Inn Hall

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In welcoming our guests, Court Assistant Fiona Morrison wittily compared them to the ‘Class of 2017’. Unfortunately our Principal Guest, Baroness Wolf of Dulwich, was indisposed, but Baroness Greengross of Notting Hill, a guest of the Master, generously stepped into the breach to address diners. She and the Master both spoke eloquently about the progress towards equality for women in business, particularly the actuarial profession, which they had seen over the course of their careers, but they also emphasised the need for more to be done. The Master presented our speaker with a cheque for Dogs for Good and drew a most enjoyable evening to a close with some final reflections on his chosen theme for her year of office, ‘Resilience in Flexibility’.

Inter Livery Skiing - Morzine 15-16 January 2018

Each year a number of livery companies send representatives to ski on their behalf for the honour of winning one or more of the competitions. This year 31 Companies sent a total of 195 skiers and they battled for a number of different prizes.

The competition took place in Morzine in France and the format, as usual, was a tight slalom course skied in parallel (so two skiers compete at the same time on identical courses side-by-side) on the Thursday afternoon followed by a giant slalom course on the Friday morning - the fastest on Thursday go first on Friday.

The WCA were represented by a team of 11 plucky skiers who knew that they would not win the fastest skier prize (but would be happy not to retain the slowest team prize that the WCA had won the previous year!) but we have the added advantage of being the official scorers for the whole event. However, the Actuaries’ Code prevents us from distorting the results in any way, so the team knew that it would be down to them as to what they won.

Events

Nick Salter in action

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Well, the answer was we won nothing! The team in finishing order was made up of Master-elect Nick Salter (captain for the year), Douglas Anderson, Bill Harris, Tony Leandro, George Yoxall, Alexander Campbell, Court Assistant Julie Griffiths, Past Master Martin Miles, Court Assistant Gordon Sharp, Past Master Richard Hawkes and Andrew Vaughan. It was a huge amount of fun – this is one of the occasions where the statement that “it is the taking part that matters not the winning” is absolutely spot on! It is a wonderful way of spending time with other members of the WCA and also to meet other members of the wider livery movement.

Next year, the event will be held on 24 and 25 January and new members are very welcome. Douglas and Alexander were newbies this year and both say that they enjoyed it so much that they intend to return next year – so if you are a keen skier (and, unlike those two, you don’t need to be very good!) please consider joining.

Winter Livery Dinner Ironmongers’ Hall - 30 January 2018

On a cold January night almost 150 Liverymen and guests met at Ironmongers’ Hall for our Winter Livery Dinner. The dinner followed the Common Hall meeting where Mr Cian Creedon was admitted to the Livery and we welcomed five new Freemen.

Peter Thompson played the piano beautifully to accompany Master Nick Dumbreck, Wardens, Nick Salter and Fiona Morrison and Clerk, Lyndon Jones as they entered the hall for dinner. Peter also played the piano for sung grace before our meal of Cured Salmon, West Country Lamb and Bread and Butter Pudding. Then followed the Loving Cup. A tradition shared amongst livery companies which goes back centuries, and always entertaining for our guests and new members.

Following the toasts, we were honoured to hear our Principal Guest speak, Sir Leigh Lewis. After sharing that he had been warned not to tell any jokes about Actuaries, Sir Leigh shared his experience of working within the charity sector, including St Mungo’s, who provide shelter for over 3000 people per night, and Drink Aware, who raise the profile of better alcohol consumption. It was interesting to learn that, whilst there are many small charities, some even run from front rooms, the top 100 charities had income of over almost £10bn last year. The sector is therefore hugely diverse.

Sir Leigh’s key message was to remind us of the need for charities to promote good governance with capable well led boards of trustees. Actuaries are well placed to serve such boards, and he left us with a call for Actuaries to consider becoming a charity trustee, if this isn’t a role you already hold. The rewards are huge with the sense of satisfaction incomparable. The Master responding to Sir Leigh

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Events

The Master responded thanking Sir Leigh for the charitable theme. He presented two cheques. One for St Mungos and one for the hospice. The Master also presented Sir Leigh with an hour glass to remind him of his evening with the Worshipful Company of Actuaries. The Master commented that he was delighted that the Company is becoming ever more diverse with two lady wardens installed on the evening.

Finally, guests and Liverymen enjoyed the chance to socialise and network before heading home.

Inter-Livery Pancake Race - 13 February

The 14th Inter Livery Pancake Race took place on Shrove Tuesday, 13 February 2018. Thirty Livery Companies are invited to participate, the selection based on their performance in previous years.

The weather forecast was poor and, true to the prediction, rain started falling heavily on Guildhall Yard. The organisers then decided that, rather than racing, it would be a tossing competition.

Our team of Nick Salter, Will Coatesworth, Emma McWilliam and Kartina Thomson fought hards in their respective heats but Will was a true champion. Not only was he the best Liveryman but he then won the Victor Ludorum for the Actuaries. He managed to toss the pancake 54 times in half a minute, 20 more than his nearest rival

The Team will now definitely be back in 2019.

The Actuaries’ team Will Coatesworth in full flow

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A Taste of the Master’s Cellar - Staple Inn - 24 April 2018

Even Sebastien Benne, the professional wine presenter for the evening, was impressed by the fine Bordeaux wines on offer thanks to the generosity of the Master who had donated the wines.

The seven wines chosen were an eclectic collection each from a different wine producing area of Bordeaux. The years were all excellent years and the chateaux were all of high pedigree.

We started with 2 wines from the right bank of the Gironde Estuary. The first wine was the Chateau l’Eglise Clinet from Pomerol, this being a cru exceptional, the equivalent in many cases of deuxième cru Medoc wines. The second was a Chateau Troplong Mondot, a St. Emilion Grand Cru Classe B wine. Surprisingly these Classe B wines rank higher than St. Emilion Grand Cru! I enjoyed this wine greatly and it reminded me of wonderful sun kissed days in the attractive old town of St Emilion soaking up the sun whilst quaffing wine and eating the local delicacy of macaroons.

Our wine journey then took us to the Left Bank and wines from St Julien, St. Estephe, Margaux and Pauillac. Margaux wines are typically softer than others from the left bank and the Chateau Brane Cantenac 2005 was no exception. However the top prize for the evening went to the Cos d’Estournel 2003 and the majority of those present voted it their favourite wine. However this did not detract from the quality of the Chateau Leoville Poyferee 2000 from St. Julien, the last 3 wines also being deuxième cru, or the Chateau Pontet Canet 2005 from Pauillac.

By way of contrast we finished with a dessert wine from Barsac, a 2001 Chateau Coutet which is a Premier Cru Classé wine. It is made principally from Semillon and Sauvignon Blanc grapes. It was a beautiful dark gold colour, typical of fine dessert wines of that age.

Despite our best efforts there were several bottles left over which were auctioned raising more than £2000 for the Company of Actuaries’ Charitable Trust.

A history lesson

Empty glasses on the Senior Warden’s table

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Events

Annual Mansion House Banquet - 2 May

The Company was privileged to dine at Mansion House on 2 May 2018. Around 220 Liveryman and guests enjoyed a superb dinner in the magnificent setting of the Egyptian Hall, courtesy of the Lord Mayor.

We were greeted with a splendid guard of honour by the Edmonton Sea Cadets. Companion Jo Emms presented the Robert Thomas Memorial Award to Ordinary Cadet Tatiana Topczewska and a cheque to the Sea Cadets’ Commanding Officer.

In the absence of our Honorary Chaplain, grace was said by the Master’s son, Rev Dr Geoff Dumbreck. Diners were entertained with music from the Royal Marines Concert Band including the remarkable Post Horn Gallop.

The Master presented the Lord Mayor with cheques for the Lord Mayor’s Appeal and Mansion House Scholarship Fund before proposing the Civic Toast. In his reply, the Lord Mayor spoke about ‘trust’, which is the theme for his year of office. He then presented gifts to the Clerk and Master.

Liveryman Michael Pomery welcomed our guests, both official and personal, including officers of 601 (County of London) RAF Squadron, with which the Company is now affiliated. He then welcomed our Principal Guest, the distinguished economist, Baroness Wolf of Dulwich, and invited members of the Company to toast our guests. Baroness Wolf gave a most interesting speech, including her personal views on the threats and opportunities posed by AI over the coming years. The Master presented the Baroness with a cheque for her chosen charity ‘Dogs for Help”, which provides funding to supply dogs that aid the disabled, and she proposed a toast to the Company and Master.

The Master spoke some final words and brought a most enjoyable evening to an end.

The Civic Party, Principal Guest and Officers

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The loving cup

In the Egyptian Hall

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Events

Master’s Charity Walk - 23 June

On a sunny Saturday in June, a group of actuaries, their partners, friends and colleagues (and 1 dog!) set off from Staple Inn on a sponsored walk to raise funds for WCA charities. The walk was designed around film and TV locations in London, and to add some fun and to appeal to actuaries’ competitive spirit a quiz based on well known (and some less well known!) films and TV series which had been filmed along the route was included. The clues ranged from the simple (“Charge for operating a police service (3,4)”) to the more obscure (“ Do the ambulance brigade’s chimes sound like church ringers? (3,5,2,2,4) “)

Answers at the bottom if you’re unsure! Congratulations to Team Curtis for winning the prize for the best set of answers.

The route was around 11 miles long (with a short cut for those pressed for time) and passed many iconic buildings and landmarks thorough the City, before heading south via the Millennium Bridge, through Borough Market and Waterloo before returning to Staple Inn via Westminster and Covent Garden. It was a great opportunity to admire the fantastic architecture of the City at a more leisurely pace than most of us experience when in the City mid-week. Although the date had been carefully chosen to avoid major sporting events etc., we hadn’t planned for the 100,000 or so crowd in Parliament Square for the ‘People’s Vote’ march which slowed walkers down quite a bit and certainly added some interest to the day!

The Barnett Waddingham team at Staple Inn

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The walk was organised by the Master (Nick Dumbreck) and Senior Warden (Nick Salter) (collectively and affectionately known as “The Two Nicks”) as a fun day out but with a serious side. As well as supporting the WCA Charitable Trust, the proceeds of the walk are benefiting The Brain Tumour Charity. The RAF 100 Appeal and Crisis. This was a major fund raising event by the two Nicks and raised in excess of £33,000 for these worthwhile causes. As well as thanking all the participants for completing the walk and raising sponsorship monies, the two Nicks are very grateful to the corporate sponsors (Bupa, Phoenix, Milliman and Barnett Waddingham) for their support. Thanks are also due to Petrea Simmons and her husband for setting the clues, and to Keith and Sandra Jones for manning the base station at Staple Inn all day and welcoming walkers back with a cheery smile and bottles of cold water!

The Milliman team: ready to go

Ice creams by the Tower

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Events

Visit to Grange Park Opera - 1 July 2018

One of the Master’s guest speakers at a dinner was Wasfi Kani, the dynamic founder of Pimlico Opera and Grange Park Opera. The Master (Nick Dumbreck) subsequently arranged a visit to West Horsley, the home of Grange Park Opera, for a performance of Gounod’s Romeo et Juliette. Mary, Duchess of Roxburghe had lived on the estate and after her death her nephew Bamber Gascoigne inherited the house and gardens. Grange Park Opera moved from its former home in Hampshire into a newly constructed opera house in the gardens in 2017.

Pre-performance drinks

In the crinkle-crankle garden

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On 1 July several dozen of us met for a champagne reception by the Crinkle-Crankle Wall in the charming garden before going into the theatre. Ms Kani thanked individual supporters before the performance began and in the process produced a round of applause for the assorted actuaries present.

The Master had arranged superb seats in the deeply-raked stalls. As the orchestra began I was amazed at the fine acoustic which not only helped me enjoy the fine conducting from the pit but also, sadly, exposed any imperfections in the singing from the stage.

Our interval meal in the late Duchess of Roxburgh’s house was served efficiently and was excellent. Knowing how much I’d paid for the meal I was surprised at the wine which was outstanding. The mystery was solved later when it was discovered that we were once again drinking from the Master’s cellar - thanks Master!

We returned for the inevitable conclusion to the tragedy and left at the end of the evening very contented. The orchestra comprised musicians from ENO who were conducted ably by Stephen Barlow. The chorus was magnificent and handled Gounod’s ensemble pieces well. The two soloists, David Junghoom Kim and Olena Tokar are not yet quite world-class, which is what the opera demands, and although both had tricky moments it was overall very satisfying.

Some of us will certainly return next year.

Dinner in the Morning Room

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Events

Jailed and Bailed

On 6 July 2018 the Master participated in the annual “Jailed and Bailed” event, which raises money for the British Red Cross. He reported to the Central Criminal Court, with gown and badge, at the appointed time and, along with about 25 other Masters, was ushered into Court 1. Each Master was asked to stand in turn while the charges he or she faced were read out by Sheriff Neil Redcliffe in an accusatory tone. After a judicial process that can best be described as perfunctory, all were found guilty and led from the court in a ball and chain.

The delinquent Masters at the Old Bailey

In the theatre

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We were then taken (by bus rather than Black Maria) to the Tower of London to serve our sentences. While each prisoner was processed and photographed we enjoyed a champagne lunch, courtesy of Pol Roger, as bread and water were unavailable. Subject to raising “bail” of at least £1,000, we were all released into the sunshine and told to keep out of trouble and to find our own way home.

Bus to the Tower

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Under arrest at the Tower

Golf Section Report

IntroductionWe enjoyed a wonderful summer of fine golfing weather with representatives of the WCA participating in a wide range of external livery company events, on some excellent courses. I am delighted to report some good success helping to grow our profile.

Overall, it was a very enjoyable and successful season with 16 different golfers representing the WCoA in 12 different livery company events, with two team wins, a number of top three places and several individual prizes.

When we count in the tour to Norfolk at the end of April and Master’s Day in June, both well supported, we had over 30 different players, including 8 ladies, involved in our golfing efforts this year. Encouragingly, we had a few new faces joining in the convivial golf.

On a more sombre note, we were all saddened by the loss of Robert Hails who was an enthusiastic golfer and a good supporter of the section – he will be missed.

Guilty as charged

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Events

A busy season - Here is a summary of our activity.

First, two team wins:

Ray Jeffs CupAndrew MacRae, Jeff Medlock, Michael Pomery, Gordon Sharp

The team won the cup for the first time, with an excellent score of 93 points in a strong field of 17 teams. Also, Gordon won the individual prize so there was much clinking of wine bottles as they left.

This event is organised by the Air Pilots to support the Duke of Edinburgh awards programme helping disadvantaged teenagers in London.

Inter-livery Pairs competitionGraham Clay & Guy Freeman and Gordon Sharp & Michael Deakin.

We entered two teams in this better ball stableford event. Graham and Guy, with Guy having a particularly good day, won first prize with 45 points.

Next, our participation in various livery golf days:

Pewterers DayAlan Botterill, Bill Hudson, Michael PomeryTeam came mid table and Alan was second in the individual

World Traders DayJeff Medlock, Martin Miles, Simon O’Regan, Gordon SharpTeam came second and Simon was third in the individual

Horners MatchMichael Deakin, Ian Farr, Bill Hudson, Jeff Medlock, Gordon SharpA hard-fought victory returned the Medlock Trophy to its rightful home

Prince Arthur of ConnaughtBill Hudson, Martin Miles, Tom Ross, Gordon SharpNot quite mid table but made the cut for next year

Horners DayAlan Botterill, Michael Deakin, Ian Farr, Simon O’ReganAn enjoyable day but some way short of the podium

Newson Smith DayClive Hopkins, Jeff Medlock, Martin Miles, Michael PomeryMid table for the team and Martin won nearest the pin

Marketors’ DayGraham Clay, Bill Hudson, Jeff Medlock, Simon O’ReganTeam came mid table and Jeff won 3rd prize in the individual scores

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Events

Loriners Golf DayMike Arnold, Bill Hudson, Michael Pomery, Tom Ross Team came just under mid table in a big field on a very hot day

ACA Golf dayClive Hopkins, Robert Ross, Gordon SharpA good day, with team mid table. Robert won a prize as a member of the team coming second in the afternoon Texas scramble

Lord Mayor’s Golf DayMichael Deakin, Andrew MacRae, Jeff Medlock, Simon O’ReganTeam came fourth with a commendable 95 points

Finally, our own events:

Master’s DayWe enjoyed a day of lovely weather at Camberley Heath for the Master’s Day in June. Dick Strattan won the cup with an excellent individual score of 36 points on what proved to be a challenging course. We were delighted to be joined for dinner by the Master, Nick Dumbreck, and Past Master Sally Bridgeland who kindly donated a unique trophy to the golf section last year – The Past Master Bridgeland Beautiful Bunker Trophy. The players applied themselves diligently to exploring the bunkers in pursuit of the prize which went to Gordon Sharp who demonstrated some lack of expertise by getting into 10 bunkers but some excellent expertise in getting out of each in one shot.

Tour to NorfolkSome 25 golfers, together with 4 non-golfing partners, visited Norfolk for our tour from 30 April to 2 May. On the arrival evening the main topic of conversation was the weather – storms with wind up to 45 miles an hour and torrential rain were forecast. While the worst predictions did not materialise, our mettle was tested by some horrible weather.

Our first round was at Sheringham a cliff top course with spectacular views – the course was open, just, and eventually 11 hardy souls went out in strong gusting winds (fortunately not blowing out to sea or we may have lost more than golf balls) to which was added heavy rain. Happily, the 11 all made it back with some interesting tales to tell. The team that won, or survived best, was Alan Botterill, Rosemary Derby and Simon O’Regan. Some of those who decided not to play enjoyed a more civilised day with a bridge competition arranged by Dick Strattan, or a Scrabble competition.

Simon O’Regan and Rosemary Derby surviving at Sheringham

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Our second round was at the traditional links of Hunstanton and the weather was delightful. We had 23 golfers and some decent scoring – with the team prize going to Jane Bennett, Graham Clay, Michael Deakin and Peter Felton. Simon O’Regan was awarded a special prize for efficiency, scoring over 30% of his points in two holes, scoring 4 stableford points on each.

Our third round was at Cromer where the stormy, wet weather returned in force, reducing the field. 11 hardy golfers made it round and enjoyed the best part of the day, having lunch in a warm dry clubhouse. The winning team in this select field was David Carse, Malcolm Murray, Tom Ross and Gordon Sharp with a special mention for Pam Hudson, unable to play due to injury, who caddied for Bill in the terrible weather.

As ever, the event is as much about the social side as the golf. We enjoyed excellent company and conversation in our dinners and left with good enthusiasm for next year – I will have to try harder on the weather.

In summary, a fine season of convivial golf, raising the profile of the WCoA. If you play golf, please consider trying to join us for one of the events; if you let me have your e-mail, I will include you on the golf section distribution.

Alan Botterill

Michael Pomery, Jeff Medlock, Gordon Sharp, Andrew MacRae

Gordon Sharp collecting his prize for the best individual score in the

Ray Jeffs event

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Events

Bridge Section Report

The Makers of Playing Cards 2018 bridge event was held, as always, at Drapers’ Hall on the First Monday in March with 56 pairs playing including only 3 pairs of Actuaries. We have had as many as 5 pairs in previous years so would all bridge playing Company members please make a note of the 2019 date and help to support the Lord Mayor’s Charity as the maximum capacity is 64 pairs. Duplicate experience is not essential and Graham Clay (gdclay@btinternet.com) will be pleased to try to put you in touch with a partner - entry forms for the 38th event are on the WCMPC website.

This year the winning pair were Jeremy Willans and Jill Skinner of the MPC who were closely followed by PM Ray Anstis and his wife Janet of the Horners, then came PM Peter Turvey and Maureen Gleeson with PMs Sos Green and Graham Clay just ahead of Lindy Whitlam and Barbara Ide of the MPC in 5th place. Consequently the Team Prize for the best combined score by two pairs went this year to the hosts with a score of 6 against the Actuaries’ 7, so our improvement on last year’s score of 8 was insufficient to win. However we are very pleased to note the success of our Companion and Past Mistress Barbra Ide who is one of the organisers of this most enjoyable event.

Of course one team has to support the principle that it is the taking part which counts and this year that honour went to PM Richard Hawkes and his wife Juliet who finished runner up to 52nd place.

Ms Fiona Adler, Sheriff’s Consort (former Sheriff), Sheriff Alderman Tim Hailes JP, Winner’s Lady Maureen Gleeson and Winner Peter Turvey.

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News from the Court601 (County of London) Squadron

Our affiliation with 601 Squadron took off smoothly in 2017-18 with actuaries joining the RAF at their events and members of 601 Squadron joining us at ours. Both Master and Immediate Past Master enjoyed the Squadron’s hospitality and its emergent customs for their inaugural dinner in September at the RAF Club. The Master returned there for the Clerk’s Dinner later in the year, although his 601 Squadron hip flask filled with Calvados was not in evidence!

Several of our Liverymen joined the RAF at Air Combat Power Visit in October, relishing the opportunity to get to know the operational and strategic issues faced by the RAF in recruiting and retaining talented and diverse STEM students which echo those faced in our own profession. They also got up close with the latest RAF equipment and heard more about the plans for the celebrations of the force’s centenary, “RAF 100”.

The incoming Lord Mayor having RAF connections chose to encourage the Livery to broaden its affiliations with RAF and Air Cadet units, launching an initiative called “100 in 100” in his first meeting with all the Masters. 601 Sqn were actively involved in promoting this push which was hugely successful - with the target of 100 affiliations being reached in September 2018.

Court members at the controls at Air Combat Power Visit

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News from the Court

Air Vice Marshall Malcolm Brecht took over command of the Squadron in January 2018 and joined us at our January dinner. As a Liveryman of the Coachmakers Company his links and support for the Livery were evident. Several members of the Squadron joined us at Mansion House for our Banquet, then our members had an opportunity to visit the Air Cadets and understand their training programme in May, along with other members of the Squadron.

Past Master Bridgeland took a keen interest in the aircraft displays in Horseguards Parade in July as part of the preparation for her formal interview as an Honorary Group Captain in the Squadron later in the summer. Sally was privileged to join the Squadron for the centenary celebrations in Westminster Abbey and the fantastic flypast.

The diverse members of 601 Squadron will continue to act as advocates for the RAF in the legacy of RAF 100 as part of the RAF Inspire initiative. They will also continue their partnering activities with Station Commanders and, perhaps with our help, assisting the senior leadership of the RAF with their challenging tasks of the day.

Master and Immediate Past Master enjoy 601 Squadron’s annual dinner at the RAF Club

F35s display in celebration of RAF 100 over Buckingham Palace on 10th July

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Education Committee

Once again the Education Committee had a busy year with involvement in Maths education at all levels.We continued to support the Education Endowment Foundation (EEF) in their Mathematical Reasoning programme which they trialled last year in selected primary schools. Publication of the results of the trial has been delayed while the EEF clear certain hurdles relating to new legislation on the security and confidentiality of personal data. However, we have been kept in the loop by Liveryman Gary Simmons who is on the Steering Board of the SE London Hub of schools involved, and we expect to receive the EEF’s report and conclusions shortly.

We supported the outreach programmes of three secondary schools under the “Geoffrey Heywood” project - one grammar school in Kent and two new “mathematical schools” in London and Exeter respectively. The outreach work undertaken by these schools is for students not privileged to be at a school with such expertise in, and enthusiasm for, mathematics. We continue to look for new schools to support in this way.

We have expanded our support of the Royal Institution (Ri) Maths Masterclasses to cover secondary school students in years 9 and above. These Saturday morning classes continue to be heavily subscribed and the feedback from students who attend them is extremely good. There is no doubt that they stretch the minds of those who attend and further their enthusiasm for mathematics.

We have had several meetings with senior members of the Ri during the year as to how more students, particularly those out of reach of London, can benefit either from the Masterclasses themselves or from equally inspirational mathematical thinking through web-enabled technology. The Ri has an ambitious five-year vision to build on its heritage and inspire even more people in the science and mathematical fields. We are very supportive of the Ri’s vision and intend to retain our links with them. The Ri are also likely to seek support from other charitable institutions and we may be able to help in this regard through our links with other livery companies.

At the tertiary level we continue to support the IFoA in their involvement with UK universities offering actuarial courses. We work with our Charitable Trust (CACT) in this area, as we do to a greater or lesser extent in all of the above-mentioned projects.

Finally, for the last four years we have worked with the Educators Company in the running of a conference at Staple Inn bringing together secondary school head teachers and representatives from livery companies engaged in educational matters. This year’s conference focussed on “preparing students for the work-place” and was well received by all who attended. The conference was opened by the Lord Mayor (as had also been the case in the three previous conferences) and it seems that, during the day, many fruitful relationships were made between schools and livery companies.

Martin MilesChair, Education Committee.

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News from the Court

Finance Committee

The main purpose of the Finance Committee is to manage business as usual issues such as monitoring cashflow, investment of the Company’s reserves and preparation of the accounts. In addition, the Finance Committee is responsible for preparing the Company’s risk register and managing financial risks. The Committee also sets the levels of Quarterage, fines, and dining fees.

An increase in membership numbers and good management of costs have led to a narrowing of the gap between income and expenditure although the Company is still spending more than it receives. Over this year, the shortfall was £2,400 (last year £11,300).

During the year, the Committee undertook a detailed review of investment strategy for the Company’s reserves. As a result, to provide long term security of funds and to reduced risk, a greater proportion of the reserves is now invested in long term index linked gilts, with a corresponding reduction in equities. The Committee has also commissioned a project to improve the safe storage of and structured access to the Company’s documents.

Keith BartonChair, Finance Committee

Membership Committee

The primary focus of the Membership Committee has been to continue to attract new members. The Company depends mainly on existing Liverymen to seek out actuaries among their colleagues and contacts who might be interested in the company and whom they would be prepared to propose for the Livery should the candidate wish to join. The reduced price ticket scheme continues to be available for those interested in making an application for membership and who have not previously attended a dinner.. The “Meet the Company Evening” - an informal opportunity for those who wish to find out more to meet senior members of the Company and of course potential applicants are always welcome at our social events. We also aim to reach out more widely to members of the profession with a stall whenever possible at the major actuarial conferences. The reduced price ticket scheme has proved popular and accounts for the majority of applications received in the year. Naturally we welcome applications from any qualifying member of the profession sympathetic to objectives of the Company but are keen to see greater diversity in our membership. We are encouraged by the numbers of younger applicants. On 8 March 2018 there was a special meeting of the Court in Guildhall to admit to the Livery seven Freemen who had immediately beforehand been granted Freedom of the City. At that ceremony Rodney Jagelman presented to the Chamberlain’s Court Collection a mounted slide rule donated by Liveryman Huw Wynne-Griffith The Court meeting was followed by lunch for the candidates and their guests which was much enjoyed by all. There were 11 new Liverymen during the year:

Dylan Brooks, Alexander Campbell, Cian Creedon, Michael Deakin, Alexander Hanks, Colm Hensman, Chris Knight, Jenny Segal, Eric Steedman, Peter Tompkins and Clive Wellsteed.

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Dylan Brooks Dylan is a risk management actuary and plays a key role in the group risk management function for the Phoenix Group, the leading specialist consolidator of heritage life assurance funds in Europe. He has 20 years of experience working as an actuary in the life insurance sector, with a focus on risk management, regulatory change, and corporate transactions. After graduating with a bachelors degree in Actuarial Science from City University, Dylan started his career as a trainee with Prudential, where he learned his trade in risk management during the financial crisis and the early stages of development of Solvency II. He later went on to join Old Mutual Plc in a senior role within the Group Actuarial function and subsequently moved to the Phoenix Group in 2013 to experience the exciting and fast paced world of insurance M&A.

He is an active volunteer to the research of the profession and has co-authored two British Actuarial Journal papers and was also Chair of the Life Insurance Working Group of the AAE’s Solvency II Project from 2010 to 2018. Outside of his work for the actuarial profession, Dylan also volunteers his time acting as a trustee board member for Citizens Advice Wandsworth.

When he is not working, Dylan enjoys waking up his neighbours with the electric guitar, hitting the ski-slopes, and spending time with family. Dylan’s first came to know of the charitable work done by the WCA during his final year of university where he was lucky to be the recipient of a bursary from its charitable trust.

Alexander Campbell Xander is an Investment Consultant at First Actuarial where he advises pension scheme trustees on all aspects of investment strategy. Prior to this Xander worked at PwC for 9 years, where he qualified as an actuary in 2013. Xander holds a Certificate of Advanced Study in Mathematics and an MPhil from the University of Cambridge and a BSc from the University of Durham.

Xander enjoys keeping fit through a four mile cycle to work, he competed for the Company in the 2018 Inter-Livery Ski Championships and he also enjoys rowing - organising the Peterhouse alumni boat club for the annual Fairbairn races and spending time with his niece, two nephews and goddaughter.

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News from the Court

Cian CreedonCian began his actuarial career as a general insurance consultant, joining Towers Watson in 2011, where he worked primarily as a reserving actuary in the London Market. Cian left Towers in 2013 to join XL Re (now Axa XL) and later Hiscox, working primarily in capital modelling and qualifying as a Fellow in 2015. More recently, Cian has made a return, of sorts, to the world of consultancy and works in the Analytics team of reinsurance broker Guy Carpenter.

Cian has been heavily involved with the IFoA’s regional societies throughout his career. As a student, he chaired the London Market Students’ Group – a knowledge sharing and networking group for student actuaries in the London Market. He is currently treasurer of the London Market Actuaries’ Group – a similar interest group for Fellows. In Cian’s spare time, he enjoys card and board games and cooking.

Cian has been based in South-West London since moving to the UK in 2011. He and his wife of three years – Tara – are expecting their first child in March 2019.

Michael DeakinMichael joined Clerical Medical in 1974 and after a period in a pensions department moved in 1977 to join the investment team. After a few years as a research analyst he focussed on fixed income and in 1995 was appointed to lead the investment team. He was subsequently appointed Chief Investment Officer of Insight Investment, formed from the CM business and acquisitions, a position from which he retired in 2003.

On retirement Michael set up Michael Deakin Consultancy Ltd and has advised pension funds and insurance companies on investment issues. In addition to his consultant role he has also held a number of positions including non-executive board member and chairman of the investment committee of the Pension Protection Fund and Chairman of the Sustainable Pensions Advisory Board.

Michael’s current roles include NED of Just Group plc and Chairman of investment committee for two significant pension funds.

Michael plays golf and tennis and follows the fortunes of Ipswich Town.

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Alexander Hanks Alexander was a student at Clare College, University of Cambridge, from 1996 to 2000, graduating with an MA in Mathematics and a postgraduate diploma in Computer Science. In 2002 he started as an actuarial trainee with Nigel Sloam & Co, transitioning into General Insurance in 2004, working first as a capital modeller for the Lloyd’s and London market insurer Brit Insurance and subsequently moving to XL Re. Alexander remained with XL Re for nine years, the first five in London and then four years based in Bogotá, Colombia, where he was Chief Actuary for the Latin American and Caribbean region.

In 2015 he moved back to London to work for Ernst & Young in their actuarial advisory practice. Since October 2017 he has been with the Lloyd’s (re)insurance broker Price Forbes as their Head of Actuarial & Analytics. Alexander has two children, Benjamin Hanks (9) and Isabella Hanks (6).

Colm Hensman Colm leads the global business management function for the property underwriting division at Beazley. Business management is an advisory team focussed on the division’s strategy setting and delivery of related initiatives, financial planning, underwriting and operational performance and underwriting control governance.

Colm is a member of Beazley’s group operations committee and the CEO’s strategy and performance group. Having previously held the group actuary position at Beazley, Colm remains a member of the technical committee responsible for review and challenge of the internal capital model and chairs in the absence of the CRO. Colm is also a member of the property leadership team, the underwriting and claims controls governance group and deputises for the global head of property by chairing property leadership committee meetings and representing property at the group underwriting committee as required.

Colin enjoys: the fortunes of Munster and Ireland at rugby union; exercise in the gym or the countryside; aesthetics in art, craft, photography and design; history; travel; reading The Spectator and currently books by A Horowitz; driving; listening to progressive rock and metal; dining well; cooking and baking; wine.

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News from the Court

Chris Knight Chris is a Fellow of the Institute and Faculty of Actuaries, and has a first class honours degree in Economics from Cambridge University.

He joined L&G in 2009 and held a range of finance roles within the Group, including as the CFO of the International Division, subsequently CFO of the UK Protection & Savings businesses and latterly L&G Retirements.

In 2017, Chris was appointed CEO of L&G’s Retail Retirement Division. His mission is to help customers have great lives in retirement. The Division comprises the Group’s individual annuity, lifetime mortgage and care businesses - it has more than half a million customers and over £20bn of assets under administration.

Prior to joining L&G, Chris had an extensive career in financial services and actuarial consulting, completing assignments across the US, Europe, Asia and Africa.

He lives in Cambridge with his wife Imogen and two boys. In his spare time, he is a Samaritans listening volunteer.

Jenny Segal Jenny Segal joined AMG in 2013 as Head of European Distribution and is also Head of Global Consultants. She has over 25 years’ industry experience, including Head of Institutional, Europe at Neuberger Berman and Head of Institutional & Hedge Fund Business at Old Mutual Asset Managers.

She has also held senior client-facing roles at AllianceBernstein, Baring Asset Management and Barclays Global Investors. Beginning her career as a pensions and investment actuary at Clay & Partners and then KPMG, she consulted to pension schemes on funding, benefit design and investment strategy. Jenny holds an MA in Mathematics from Oxford University.

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Eric Steedman After graduating from Churchill College Cambridge in maths, Eric started work with R Watson and Sons in 1987, qualifying FIA in 1990. He remains with Willis Towers Watson where he advises multinational companies on the coordinated management of their employee benefit arrangements worldwide, including benefit design, financing, cost accounting and merger and acquisition issues. Eric’s work tends to have pensions at its core, extending to insurable employee benefit and wider HR matters. His clients includes leading UK, Swedish and US industrial, financial and FMCG multinationals. He worked in Stockholm from 1999 to 2001 setting up Watson Wyatt’s Nordic employee benefits consulting team, when Eric became a full member of the Swedish Actuarial Association. As well as his actuarial qualifications he is an Associate of the Pensions Management Institute and holds the Diploma in International Employee Benefits. Eric and his family live in Reigate, where he enjoys both on and off-road cycling.

Peter Tompkins Peter applied to join the Company at the end of his year as Master Wax Chandler, during which he had met our own Master Sally Bridgeland attending many City functions.

Peter is a consulting actuary specializing in pensions and was a partner at Lane Clark and Peacock and PricewaterhouseCoopers at different stages of his career. He was the first Editor of The Actuary and has served a number of terms on Council and as Chairman of the Pensions Board. He was a member of Derek Morris’s team reviewing the actuarial profession after the Equitable Life issues and has worked on a number of enquiries in pensions and financial services.

He has a personal interest in sundials (and helped commission the one on Staple Inn Hall) and his interest in beekeeping led him to join his mother livery company. He has ideas above his station in his home in the Clock Tower of St Pancras Station.

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News from the Court

Clive Wellsteed Clive Wellsteed is a partner at LCP, having started as a summer student with the firm in 1998. He set up and leads LCP’s insurance de-risking practice, which advises clients on buy-ins, buy-out and longevity swaps, alongside a portfolio of scheme actuary appointments.

His first scheme actuary appointment was for the same client that he carried out his first transfer value calculation as a graduate for and he is now helping that scheme navigate the final stages of their journey to full insurance.

He is a passionate advocate for clear communication and places much emphasis on this when working with others.

Clive has two children age (nine and six). He enjoys photography and swimming and is currently working hard to improve his technique at front crawl.

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Public Relations and Fundraising Committee

Social MediaWith help from Liveryman Margaret de Valois, we embraced Social Media this year. Company events and news are now shared on Facebook, Twitter and Instagram. We now have over 1100 Twitter followers and nearly 300 Instagram users.

WebsiteThe website was formally reviewed during the year and we have continued to make improvements. The introduction of an informal picture gallery is working well and bookings and payments for events can now be made via the website. This has resulted in a significant increase in website activity and “hits”.

ConferencesWe have continued to support and man stands at the various Institute and Faculty of Actuaries conferences and Court Assistant Derek Newton gave a short talk at the Momentum Conference. We continue to receive significant help and support from the Institute and Faculty of Actuaries in this activity.

Annual ReviewsWith considerable thanks to Court Assistant Keith Jones we have now got our production of Annual Reviews back on track after a couple of difficult years. Historic Reviews have now been added to the website.

Company communications and other PR activityWe continued to get good coverage in The Actuary for our events. Our Company photographers (Cherry Chan and Alvin Sit) have significantly improved the quantity and quality of material available. Initial plans have progressed on the creation of a formal archive of Company items and materials and also on the production of a book to mark the 40th anniversary of the Company. The committee reviewed all communications sent out to members and concluded they are generally of a high quality, both in terms of content and frequency. The Clerk now uses software called “mailchimp” for sending out emails. This allows for an analysis to be made of the number of members who read the communication.

Biographies of Past MastersWe have made good progress on collecting a full set of biographies of the Company’s Past Masters and other senior Liverymen.

Institute and Faculty of Actuaries related mattersRelations with the Institute and Faculty of Actuaries continue to be very good. In particular the annual joint meeting between the Master, Institute and Faculty of Actuaries President and Chief Executive,and Lord Mayor has proved extremely positive. We have also linked up with the IFoA’s new head of PR – Annette Spencer.

Master’s events & FundraisingThe committee supported the Master’s charitable walk in June (see separate report) and helped to support and promote charitable activity amongst actuaries more generally, in particular through support to the committee that decides on the recipient of the Phiatus award.

Past Master Charles CowlingChair, PR & Fundraising Committee

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Appointments Committee

With effect from 12 July 2018, Nick Salter became the 40th Master of the Worshipful Company of Actuaries; Fiona Morrison became Senior Warden and Julie Griffiths Junior Warden. Further details of the membership of the Court and standing committees for 2018-2019 are given on page [xx].

Social Events Committee

As in past years, the programme of social events was set with the objective of appealing to as broad a cross section of the Company’s membership as practical, as well as being influenced by the incumbent Master’s interests. We seek experiences not easily available except as part of a group such as ours.

The themes of the events arranged reflected some of Nick’s interests:

• Culture: Visit to the Queen’s Gallery (held on 30th October 2017): A private viewing and presentation on Canaletto and the art of venice Visit to Grange Park Opera (held on 1 July 2017): A visit to the Opera (Romeo et Juliette) in the brand new Opera House in West Horsley with Champagne reception and dinner accompanied by the Master’s wines.

• Chocolate: Chocaholics Unite (held on 27th September 2017): Repeating an event of the earlier year - A demonstration of how to create impressive and tasty chocolate confectionery, but this time in the Master’s Pimlico kitchen and with the added attraction of a selection of the Master’s wines.

• Wine: A Taste of the Master’s Cellar (held on 24th April 2018): A tasting of fabulous Bordeaux wines donated by the Master and an Auction for our Charities in our very own Staple Inn.

Wine was a strong theme for the year and bolstered by generous donations from the Master’s cellar a very enjoyable social year!

Keith JonesChair, Social Events Committee

News from the Court

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At July 2017

Membership of the Company

LIVERYMEN

Mr W M AbbottMr R B AblettMr R B AbramsonMr I S AitkenMr R B AkhurstMr D AndersonMr M ArnoldMr K E Ayers, MBE, KStJMr C F BamfordMr G G BannermanMr M BarnesMr K BartonMr A F BenkeMr P L BennettMr T J BirseMr A J BonnerMr A W BotterillMs E BourkeMr R S BowieMrs S BridgelandMr R E Brimblecombe CBEMr C J BrocksomMr D BrooksMr B G BrownMr A R CampbellMrs B CapelMr R ChadwickMs C ChanMr M B ChaplinMr M A ChattertonMr M ChristophersMr M G ClarkeMr TG ClarkeMr G D ClayMr W R CoatesworthMr R CobleyMr D M CoganMr P A CollisMr J R CoomberMr G B CooperMr R D Corley CBEMr C A CowlingMr C CreedonMr S CreedonMr C N CritchlowMr P E CroucherMr P D CrutchettMr D CuleMr D CurtisMrs J E M CurtisMr C J W CzapiewskiMr C D’AuriaMs J DaldorphMr A W B DaviesMr P A DaviesMr M DeakinMr J V DeaneMr P J DerbyMs M de ValoisMr J H DevineMr D L DigginsMr R C DixMs C DrummondMr S D Dudley

Mr P L DuffetMr D W DullawayMr N J DumbreckMr D J DuncanMr L M EaglesMs E A EdwardsMs M ElliottMr D D EzraMr D FairsMr I A FarrMr G R FarrenMr P E FeltonMr N W H FergusonMr D FerransMr M H Field CBEMr M J FieldMr A S Fishman Mr R FranklandMr G FreemanMr N D FreethyMr A J Frost, DLMr O J GillespieMr I GilmourMr R L GoldbyMr M GoodaleMr L GooderhamMr M R GranvilleMr C G GreenMr S J GreenMr R Grenville-JonesMs J P GriffithsMr T GrimesMr S GuptaMr S HainsworthMr A V HallMr A HanksMr D T HarrisMr W R HarrisMr J D HarsantMr P HatelyMr C R C HawkesMr R R HeardMr C HensmanMr C W J HirstMr A N HitchcoxMr D HollasMr C HopkinsMr M HousdenMr B HubyMr V W HughffMs L HunterMr R J JagelmanMrs C D JamesMrs H JamesMr K JenningsMr D G JohnsonMr E M JohnsonMr J A JolliffeMr D L JonesMr K JonesMr P R C JowettMr G JungDr G D KayeMr R KelseyMr T D KingstonMr M R Kipling

Dr A KittsMr C KnightMr R J LakerMr D J LambMr D J LaneMr P A LeandroMr S H Leckie OBEMs C K LeeMr E J LevayMr C G LewinMr T J LlanwarneMr G H LockwoodMr J A N LockyerMr P LofthouseMr C W F LowDr C S S LyonMr J M MacLeodMr A H G MacRaeDr G MaherMr R D MasdingMr A D MasonMr N B MastersMr J P McCaughanMr P G McnamaraMs E J McWilliamMr J Medlock Miss P E MerrimanMr R W MichaelsonMr M W MilesMr R ModyMr M R MoliverMr P W MooreMiss FJ MorrisonMs G E MossMr G D MuirMr G M Murray CBEMr H Nawaz-KhanMr A NewmanMr D NewtonMr B NimmoMr P J L O’KeeffeMr W S O’ReganDr I B OwenMr T J PalmerMr P W Parker TDMs I M PatersonMr P PatelMr D PaulMr N PeardMr A PendletonMr G PollockMr M A Pomery CVOSir David ProsserMr A PrydeMr C D PullanMr J D PunterMr F RafiMr M E RallingsMr W RaynerMr A C ReidDr D F Renn CBEMr B P RidsdaleMr J RobertsMr M R RobertsMr J H RogersMr J S Rood

Mr R C RossMr T M Ross OBEMr J P RyanMr N J H SalterMr P J SavillMs J SegalMr A G SharpMs J ShepardMr M ShortMr N A ShukerMr N G SilverMr G K SimmonsMs P A SimmonsMr P H SimpsonMr J J SimonMr J SinclairMr P H A SitMr M R SlackMr N S SloamMr A E SmithDr A L H SmithMr W J SmithMr J StaffurthMr E SteedmanMr J StewartMr A M StokerMs J A StottMr R C W StrattanMr A P SwalesProf. P SweetingMr N H TaylorMr S J TaylorMr M H TeegerMr D G ThomasMr M C ThomasMr P I ThomasMr R J ThomasMs K T ThomsonMr P W ThompsonMr P D G TompkinsMr M H TrippMr K F TrottMr MJ TurnerMr PJ TurveyMr A VaughanMr R A J Waddingham CBEMr P WadsworthMr M B WardMr G WardleMr C WellsteedMr A K WhalleyR J WhitelamProf A D Wilkie CBEMr M A H WillettMr C WilsonMr M H WintersMr S F WoodMr J T WoolhouseMr A R WrightMr J L WybrewMr H R Wynne-GriffithMr J J YatesMr C A YiasoumiMr G T Yoxall

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FREEMEN

Mr P BloomfieldMr N BroughamMr M T BurkeMr T CastleProf. R S ClarksonMr S CooperMr V Desai

Mr A A DuncanMs A K DurniatMiss J EuMr E M FlanaganMs J GhoshMr J E D GreenMr A GuptaMr C D J HeathMs S Henderson

Mr A LevillainMs C Love SoperMr R LockoodMs C LovellMr D MartinMr K J McKelveyMr E H McNeillMr R OlswangMs V Paramour

Mr G A PenningtonMr R E PurcellMr R RiddawayMs J RobertsonMr S Sawhney Mr S M ShepleyMr C M SmeraldMr R WardMs G Woodall

Membership of the Company

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2017 - 2018

Court and Committees

MASTERNick Dumbreck

SENIOR WARDENNick Salter

JUNIOR WARDENFiona Morrison

Executive CommitteeNick Dumbreck (Chair), Sally Bridgeland, Nick Salter, Fiona Morrison, Keith Barton and Lyndon Jones.

Appointments CommitteePeter Thompson (Chairman and Secretary from 2017), Sally Bridgeland (Deputy Chairman), Master, Senior Warden, Bill Smith, Adrian Waddingham and Lyndon Jones.

Education CommitteeMartin Miles (Chairman), Gordon Sharp (Secretary), Michael Pomery, Tim Birse, Phil Edwards, Gary Simmons, Trevor Watkins and Clifford Friend (the Profession’s Director of Education).

Finance Committee Keith Barton (Chairman from 2017), Gordon Sharp (Treasurer), Julie Griffiths, Robert Hails and David Lane.

Membership Committee Rodney Jagelman (Chairman), Sally Bridgeland, Adrian Waddingham, Fiona Morrison, Michael Tripp, Petrea Simmons, Ronnie Bowie and Robert Ross.

Social Events Committee Keith Jones (Chairman from 2017), Nick Salter, Peter Thompson, John Lockyer, Rodney Jagelman, Bill Harris, Robert Hails, Emma McWilliam and Julie Griffiths.

Fund Raising and Public Relations Committee Charles Cowling (Chairman), Derek Newton (Deputy Chairman) Graham Clay (secretary), Keith Barton, Alan Smith, Kartina Thomson, Petrea Simmons, Keith Jones and Margaret de Valois.

Note: The Master, Senior Warden and Clerk are full members of the Executive and Appointment Committees. The Senior Warden and Clerk are ex-officio members of all other committees. The Senior Warden may delegate some of the ex-officio duties to the Junior Warden. The Master may attend any committee meeting if he or she so wishes.

Chaplain David Parrott

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Trustees Michael Pomery (Chairman), Martin Miles, Alan Smith, Simon Dudley, Peter Crutchett and Ian Farr.

Almoner Pat O’Keeffe

Stewards Roger Dix, Michael Rallings, MIke Thomas, Emma McWilliam, Katrina Thompson, Alan Smith and Michael Tripp.

Other Responsibilities Archivist Robin MichaelsonBridge Representative Graham Clay Chaplain David ParrottCity & Guilds John LockyerEdmonton Sea Cadets Tim Palmer Fellowship of Clerks The ClerkFinancial Services Group Adrian Waddingham (alternate Martin Miles)Golfing Society Alan BotterillGovernance Manual Bill SmithGuildhall School of Music and Drama John LockyerLady Masters’ Association Sally BridgelandLivery Schools Link Martin MilesMerchandising The ClerkModern Livery Companies Float The ClerkPhotographer Cherry ChanRoyal Institution Sally BridgelandRoyal Society Sally Bridgeland Schools and Universities Members of the Education CommitteeSheriffs’ Challenge Sally BridgelandSt John’s Ambulance Cadets Holly CopleySkiing representative Nick SalterSquadron 601 Sally Bridgeland

Court and Committees

Worshipful Company of Actuarieswww.actuariescompany.co.uk office@actuariescompany.co.uk2nd Floor, 2 London Wall PlaceLondon EC2Y 5AU