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
  • March 2021
CEO Comment
Opinion

Purpose and values at the IFoA

Open-access content Wednesday 3rd March 2021
Authors
Stephen Mann

When we launched the IFoA’s new five-year strategy, we knew our success would hinge on ensuring that our members were at the forefront of all that we do, and that our culture (‘the way we do things’) had this as second nature. 

web_p5_Stephan_0.png

Our progress during the past year reflects that aim, for example in: our operational response to the pandemic, including putting events and examinations online; the cementing of our member propositions; getting out and listening to what our employers and members want and need; and our focus on shifting our culture and how we operate.

The IFoA’s purpose is our shared ‘why’ – our reason for being. Our new values, which accompany and underpin that purpose, are our ‘how’ – the way our shared vision comes to life through our volunteers and colleagues. These are:  

  • Member-focused – we put members at the heart of everything we do  
  • Action-oriented – we work hard, we work smart and we take pride in getting things done, valuing action over perfection  
  • Forward and outward-looking – we’re always looking to be bold and improve, innovate and take the next step  
  • Team-driven – we work in partnership, advancing together as one IFoA.

As these came together late last year, I was and remain very excited by the impact these will have, especially when you put them all together. They provide a real anchor for our cultural transformation, and you have my commitment that these words will not simply be given a little bit of profile before being forgotten. The mark of an established culture and values is that it is instantly recognisable without needing to be spoken or prompted. I know we have work to do to shift perceptions in some areas, and, of course, we will not get everything right. I also know that if our members start sharing sentiments about the IFoA that chime with these new values, we will be on our way.

Stephen Mann is the chief executive of the Institute and Faculty of Actuaries

ACT Mar21_Full.jpg
This article appeared in our March 2021 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