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Barry Childs Wins Actuarial Society of SA’s Presidential Award 2021

22 October 2021 Insight Actuaries & Consultants
Joint CEO of Insight Actuaries & Consultants, Barry Childs with President of ASSA, Lusani Mulaudzi

Joint CEO of Insight Actuaries & Consultants, Barry Childs with President of ASSA, Lusani Mulaudzi

Insight Actuaries & Consultants’ Barry Childs received the Actuarial Society of SA’s (ASSA) Presidential Award at the annual convention on Thursday, 21 October 2021. He was recognised for fostering a greater understanding of the Covid-19 pandemic, as well as leading the ASSA coronavirus working group and providing technical and analytical support for the vaccine rollout programme across South Africa.

The President of ASSA, Lusani Mulaudzi, explained that the Society considers members who have excelled in their service to the profession every year. This year, he describes how Barry “sprang into action…to establish a COVID19 forum to model this disease.” Barry led this forum over many months, dealt with much controversy, and produced a useful publicly debated model, demonstrating bravery and humility in the process. Mulaudzi said, “You are one of those individuals who are always willing to get your hands dirty and do the hard work. The actuarial profession would have suffered greatly if none of us was available to do the kind of work you did.”

His colleague, and co-joint CEO, Christoff Raath, stood for election into the Actuarial Society Council this year, and was voted in. It was a good day for Insight.

Quick Polls

QUESTION

The second draft amendments to Regulation 28 will allow retirement funds to allocate up to 45% of their assets to SA infrastructure, with a further 10% for rest of Africa; but the equity & offshore caps remain unchanged. What are your thoughts on the proposal?

ANSWER

Infrastructure? You mean cash returns with higher risk!?!
Infrastructure cap is way too high
Offshore limit still needs to be raised
Who cares… Reg 28 does not apply to discretionary savings
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