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
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • November 2020
CEO Comment
Opinion

First IFoA Council meeting of 2020/21

Open-access content Wednesday 4th November 2020

On 10 September Council held its first meeting of the 2020/2021 sessional year by video conference and welcomed its new Council members, who were elected at our AGM in June.

First IFoA Council meeting of 2020/21

Tan Suee Chieh, president of the IFoA and chair of Council, emphasised that the IFoA has an ambitious agenda for the year, building on the work undertaken during the past two years to encourage change by ensuring that the voice of the membership is heard, focusing on members’ needs, and accelerating our progress in delivering the IFoA’s strategy for 2020-2024. 

Four areas of work were considered at this meeting. The first concerns a review of the IFoA’s governance – the processes, the underlying culture of our approach to governance, and how these must evolve for us to be able to deliver our strategy and member proposition effectively in the coming years. As part of this review, we are trialling different ways of doing things – including Digital Community Member Interest Groups for data science and banking – that will hopefully inform the changes we need to make in order to become a more agile, member-centric organisation. However, these are only the first steps on a long journey.

Our second main area of focus was the IFoA’s Learning Committee report, created to review the IFoA’s pre-qualification syllabus and wider learning offering. The Committee made a number of recommendations for adapting and modernising our learning offering so that it aligns with our strategy of allowing all members to develop the skills and mindsets they need. Council strongly supports these recommendations. The next step is to start implementing those changes; we look forward to sharing more of the details with you in due course. 

To support its cultural transformation and strengthen its focus on members, and to lay a foundation for defining and charting its future, the IFoA is developing a purpose statement and set of organisational values. A draft of this work stimulated rich feedback from Council members on making the purpose statement inspiring and distinctive to the actuarial profession, and reflective of the IFoA’s present and future. Work to define the purpose and values of the profession, which will complement those of the IFoA, will take place at Council’s upcoming away-day in November.

Finally, Council received and endorsed the final report of the IFoA’s Climate-related Risks Taskforce and formally adopted the goal that climate-related risk must be understood and considered by our members in the same way other major risks are. We recognise the urgency of driving this work forward and have asked our Management Board to ensure the report’s recommendations are integrated into the IFoA’s Corporate Plan for 2021/22.

Council’s next meeting will take place on 25 November 2020. The minutes of our meetings are available at bit.ly/2u1gmx9 and you can contact us at [email protected]

 

Image credit | iStock
ACT Nov20_Full.jpg
This article appeared in our November 2020 issue of The Actuary.
Click here to view this issue
Filed in
CEO Comment
Also filed in
Opinion

You might also like...

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

Latest Jobs

New Fast-Growing Team - Actuarial Systems Development

London (Greater)
Excellent Salary Package
Reference
143762

Actuarial Pension Consultant – Scotland/Remote – Up to £90,000 plus bonus

Edinburgh / Glasgow / Remote working
Up to £90,000 + Bonus
Reference
143761

Part Qualified Pensions Actuary– Specialised Pensions Consultancy - Scotland/Remote - Up to £70,000

Edinburgh / Glasgow / Remote working
Up to £70,000 + Bonus
Reference
143760
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

© 2023 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