Financius

Actuaries are becoming very popular lately. As life expectancies increase, insurance and pension providers are facing complex problems because their business model is no longer sustainable. Traditionally actuaries have been involved in the insurance and pensions industry, with a strong focus on the pricing and capital reserving of financial products. However over the years actuaries have expanded to other areas such as consultancies and banking. What is an actuary? An actuary is an expert in risk, professionally trained to assess and quantify risks. In life insurance, actuaries have been using various modelling techniques to forecast life expectancies and consequently allowing them to price the products sold to clients. How to become an actuary? To become an actuary, you must complete 15 professional exams set by the Institute and Faculty of Actuaries, and 3 years of work experience in an actuarial role. The best way to start an actuarial career is through an actuarial scienc...

You have probably heard of cryptocurrencies by now. Then you are most likely wondering whether you should invest in cryptocurrencies or not? Well, let me tell you the untold story of cryptocurrencies. The story starts in South Korea. The world of cryptocurrencies has been shaken on Friday by news that regulators are preparing for a ban on cryptocurrency trading in South Korea, as evidenced by the raid on UpBit (the country's largest crypto exchange). The fight against money laundering in cryptocurrency markets is being taken seriously by South Korean regulators who intend to bring an end to the cryptocurrency El Dorado. Picture taken from IQ Option Should you invest in cryptocurrencies? The answer is a big No, at least not now. The recent events in South Korea are going to trigger regulatory interventions worldwide which will certainly lead to a sell-off by investors. The irrational frenzy behind cryptocurrencies will benefit investors who entered the crypto market e...

Are you tired of the depressingly low interest rates offered by your bank's savings account? Are you looking for different ways to make your money grow? Well, I have a solution for you. The Bank of England has put back plans for an increase in interest rates for later this year, keeping the UK interest rates at 0.5%. Savings account are no longer lucrative and this emphasises the need to find alternatives. Currently, an investment of £1000 at 0.5% per annum would give you a heart-breaking £5 after one year. But what if I told you that you could receive up to £50 a month with a £1000 investment? Picture from Blogger.com Tell me how... The alternative option to a normal savings account is an Individual Savings Account (ISA). An ISA is a tax-free way of saving or investing money. The interesting part is that you can invest in stocks and shares through an ISA, and not pay any taxes on the returns you make. Sounds incredible, doesn't it? Now the question is with who ...