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The Worshipful Company of Actuaries Annual Review 2008 – 2009

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The Worshipful Company of Actuaries Annual Review 2008 – 2009 THE WORSHIPFUL COMPANY OF ACTUARIES ANNUAL REVIEW 2008 – 2009 Capital Cranfield Trustees are pleased to support the Worshipful Company of Actuaries “Independent Trustee of the Year” UK Pensions Awards, 2007 and 2008 Contents Page Court 2008 - 2009 2 Master’s Report 3 The Charitable Trust 5 Report from the Chairman of Trustees Children’s Liver Disease Foundation Study Day Programme Developing Competencies for End of Life Care Life Education The Twins Project Wainwright Projects make progress Events 12 Installation dinner Autumn Livery dinner City Heritage Exhibition Lord Mayor’s Show Charity Dinner at Lord’s Carol Service and Supper Winter Livery dinner Pancake Race Livery Lecture 27th Annual Inter-Livery Bridge Competition Golf day at Muirfield 10-Pin Bowling Inter-Livery Swimathon Common Hall and Livery Lunch Mansion House Banquet Actuaries on Wheels Royalist Regatta Prince Arthur of Connaught Golf competition Master’s Golf Day Clerk’s Dinner News from the Court 23 Membership of the Company 27 Court and Committees 2009-2010 28 Diary 2010 29 1 THE WORSHIPFUL COMPANY OF ACTUARIES 2008 – 2009 SENIOR WARDEN MASTER JUNIOR WARDEN Adrian Waddingham Andrew Benke Graham Clay COURT ASSISTANTS Charles Cowling, Nick Dumbreck, Alan Frost, Jeremy Goford, Chris Ide, Philip Jowett, John Lockyer, Nigel Masters, Martin Miles, Nick Salter, Petrea Simmons, Bill Smith, Huw Wynne-Griffith PAST MASTERS & ASSISTANTS EMERITI Geoffrey Heywood, Len Hall, Derek Millard, Peter Parker, Peter Turvey, Ken Ayers, Roger Corley, Alan Hall, John Simon, Fraser Low, Marshall Field, Richard Hawkes, Alan Fishman, Sos Green, Peter Esslemont, Peter Derby, Robin Michaelson HONORARY CLERK David Johnson CLERK EMERITUS Michael Turner CLERK EMERITA Jillian Evans HONORARY CHAPLAIN The Rev Prebendary David Burgess (retired Sept 2008) BEADLE David Cosh 2 The Master’s Report Andrew Benke Master Actuary 2008 - 2009 As I mentioned in my speech at the Company’s Installation Dinner on 15 July I set as my theme for the year “The Power of Teamwork” with a view to linking in particularly to my predecessor’s theme of young people. From this came the thought of how I might link my love of cricket with my charity for the year. I have seen how teamwork in sport can really help young people to integrate with society. So on 18 November we had a dinner in the Long Room at Lord’s cricket ground with proceeds of the event going to a charity called “Chance to Shine”. This charity seeks to give deprived youngsters the opportunity of not only learning to play cricket but the chance to discover the value of working with others for the benefit of the whole team. I am extremely grateful to all those who supported this event, not only by your presence but also through your generosity. Some 100 people had the opportunity of a conducted tour of the Lord’s ground and museum followed by a reception and dinner at which the famous Indian Test cricketer, Farokh Engineer, was our guest speaker. During the course of the year the Company raised over £12,000 for the benefit of “Chance to Shine”. 3 In February we held our Livery Lecture to which all the Masters of Livery Companies within the City are invited. The title of the lecture was “A Statisticians Tale” and was to be given by Bill Frindall, the well known cricket scorer of Test Match Special fame. There are times in a Master’s life when not all things go according to plan and this was one such occasion. Just a fortnight before the lecture we heard the very sad news of Bill’s untimely and sudden death. I will be eternally grateful to Nick Gandon, the director of the Cricket Foundation, under whose guidance “Chance to Shine” exists, for stepping in at the last moment and giving a lecture which was greatly appreciated by all present. During the course of my year significant progress was made in obtaining our Royal Charter. I am delighted that this work bore fruit when on 4 September 2009 we were granted the Royal Seal and we look forward to being formally presented with our Royal Charter by a member of the Royal Family at our annual banquet in the Mansion House on 26 April 2010. It will not only be a splendid occasion but an opportunity to thank all those people and organisations that supported us in our quest for the Royal Charter. I’m delighted to be able to report the continued support by the Company of the Edmonton Sea Cadets. This was instigated by Past Master, the late Robert Thomas. A trophy has been donated in his memory and will be awarded annually to the “Sea Cadet of the year” from the Edmonton Group. This year Jo Thomas kindly presented it for the first time at our Mansion House Banquet in April. Turning briefly to sporting events during the past year. The outstanding occasion was a golf day held on the famous championship links course at Muirfield just east of Edinburgh. By kind permission of Liveryman Malcolm Murray, who is captain of the oldest golf club in the world, The Honorable Company of Edinburgh Golfers, whose home is now at Muirfield and dates back to the middle of the 18th century, the golfers of the Worshipful Company of Actuaries had the most splendid of days both on and off the golf course in March. This follows another splendid day at Hoylake, the home of the Royal Liverpool Golf Club a year previously, when, by kind permission of the club’s captain, Liveryman Bob Chadwick, the golfers of the Worshipful Company of Actuaries enjoyed the challenges of another championship golf course and the excellent hospitality of the RLGC. I have often wondered if there is another City Livery Company who, within one year, can boast captains of two golf courses where the Open Championship is played! During my year of office I had the privilege of representing the Company at over 150 functions, including 33 dinners, 16 lunches, 12 receptions, 8 lectures, 13 events organized by the Lord Mayor and the Sheriffs, 8 church services and 8 charity events. In addition I was able to give some 15 speeches at various events, many of which gave me the opportunity of publicising the work of the Company. Finally another outstanding event at which I represented our Company was that of a Buckingham Palace Garden Party. The occasion was special not just because of what it was, but because the weather made news in the national press. It started fine and sunny while Her Majesty the Queen mingled with her guests but as soon as she went in for tea the heavens opened. There was thunder, lightening, rain and hail. What had been a very pleasant stroll in the gardens turned into an assault course trying to avoid paths which became rivers and lawns that became ponds. All good fun! I am extremely grateful to the Livery for entrusting the mastership to me over the past year. It has been a real privilege and I hope I have continued the good work of my predecessors in raising the profile of our Company. I am indebted to the support I have received from Adrian Waddingham, my Senior Warden, Graham Clay, my Junior Warden and the whole of the Court of the Company. I cannot speak too highly of the hard work that is performed by David Johnson, the Clerk of our Company, whose administrative prowess is of a very high order. He made my job so much easier and I was able to relax and enjoy all the events I attended. Last but by no means least I owe a huge debt of gratitude to my Mistress (and wife) Janet, whose total support was unwavering and without which my job would have been so much harder. It remains for me to wish my successor, Adrian Waddingham and his wife Angela, every success in his year of office and I hope they have as enjoyable a time as Janet and I had during 2008/09. 4 The Charitable Trust TRUSTEES Roger Cobley (Chairman) Nick Dumbreck John Jolliffe Fiona Morrison Jeff Medlock Michael Turner HONORARY ALMONER Lyndon Jones This has been another very busy year for the Company of Actuaries Charitable Trust (CACT). Trust income for the year was over £160,000 and all of this was expended in donations to various charities. Income is derived from regular contributions from our Liverymen, most of which qualify for Gift Aid tax relief, donations and legacies, and fundraising events. In common with other invested assets, our Trust Fund reduced over the year but recent improvements in investment markets have now restored some of this value, although the year end figure is still below our target fund value of £300,000. Our income was boosted by two major events. The “Lords Dinner” raised over £12,000 for the charity “Chance to Shine” and the “Thames Bike Ride”, organised in conjunction with the Stroke Association, raised over £40,000. The Trust is grateful to all those who organised or participated in these events which not only were financially very successful but also significantly raised the profile of CACT. Income from regular contributions from Liverymen increased compared to previous years. Individual contributions are, of course, confidential to the Almoner, but we now receive an average annual contribution of about £300 from each contributing Liveryman. However, it is pleasing to note that average contributions from more recently joining members are considerably higher which gives cause for encouragement and confidence in future income. The Trustees have continued with their policy of seeking to identify those charities which are efficiently run and where our donations can “make a difference”.
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