Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • August 2021
IFoA News
News

Council looks ahead to 2022

Open-access content Thursday 5th August 2021

Council’s fourth meeting of the sessional year took place by videoconference on Thursday 17 June. This meeting was a chance for us to look back at the past year and forward to the next.

web_p8_News_Council-update_concept-Decisions_CREDIT_shutterstock_1339151786.jpg

Council’s fourth meeting of the sessional year took place by videoconference on Thursday 17 June. This meeting was a chance for us to look back at the past year and forward to the next.

We began the meeting with tributes to Council member Mahidhara Davangere, who passed away in May. Mahidhara was a selfless volunteer and an engaging colleague with an irrepressible passion for modernising the profession. He will be deeply missed.

Following our discussion on the Member Propositions at our March meeting, we received an update on the further work that had been undertaken to begin delivering better value for our members. As part of this conversation, we agreed a series of recommendations on the future of the IFoA’s events offering, which aim to maximise both accessibility and value for money for our members (see more about this on facing page). On a related theme, Council agreed that there would be no increase in subscription fees for members for the coming subscription year (see page 7).

We also received an update from the IFoA’s Regulatory Steering Group on its important work in producing the IFoA’s response to the recent government white paper on reform of audit and corporate governance. Council recognises that the outcome of the government’s proposals are of critical importance to the actuarial profession, and we have provided a steer on the final wording of the IFoA’s response. We will keep members updated on developments in this area.

In line with Council’s oversight and governance responsibilities, we received updates from the IFoA’s chief executive and the chair of the Management Board on recent activity. We agreed a small number of changes to the composition of the Management Board, which are intended to ensure the good flow of information between Council, the Board, and the Board’s two newly established committees, which will be key to the successful implementation of our updated strategy. We also discussed the in-progress work towards developing the IFoA’s new risk framework, which will help us deliver the key objectives in the strategy.

Additionally, as part of our governance responsibilities, Council undertook its annual review of its performance for the year and received a report from the Management Board on the outcome of its annual review. We discussed the ways that Council could continue to improve its efficiency and effectiveness in the coming year, taking what we have learned from the past year as a fully ‘virtual’ body and considering how we (and the IFoA as a whole) can retain the best aspects of that model once COVID-19 restrictions begin to lift.

Finally, we said thank you to those members of Council who were to step down at the Annual General Meeting: Laura Andrikopoulos, Kelvin Chamunorwa, Charles Cowling, Marian Elliott, Richard Galbraith, Keith Jennings, John Taylor and James Tufts. Their contributions to and hard work on Council are greatly appreciated.

Council’s next meeting will take place on 15 September 2021. The minutes of our meetings are available at bit.ly/IFoA_Council  and you can contact us at [email protected]

 

Image Credit | Shutterstock

The Actuary Aug 2021p1.png
This article appeared in our August 2021 issue of The Actuary.
Click here to view this issue
Also filed in:
IFoA News
News

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Underwriting Risk Manager

London (Central)
£85K-£95K + Benefits
Reference
124386

Reserving Manager (Contract)

London (Central)
£1200 - £1400 per day
Reference
124385

Life Actuary - Contract - IFRS 17 Financial Impact

England, London / England, Bristol / North Yorkshire, England
£900 - £1150 per day
Reference
124384
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2022 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ