Council met by videoconference on 11 March.
We had three areas of focus: the IFoA’s Corporate Plan for 2021-22 (and a review of 2020-21 performance); the progress of work to develop member propositions and review our events strategy; and developments in ongoing work to streamline and improve governance arrangements.
In approving the Corporate Plan for 2021-22, we agreed that it is appropriately focused on delivering our priorities while remaining aligned to our longer-term strategy and having a sound financial basis. We were also content that the plan’s key outcomes are the right ones to help deliver a positive shift in how members feel about the IFoA, and in what we offer in return.
We reviewed work undertaken since November 2020 to articulate our proposition for each member category. We agreed that the propositions correctly identify what members tell us they want, and what will deliver it. Council also discussed the progress of our events strategy review, which is examining how we might effectively and sustainably deliver events in the future, and provided guidance on what next stages of the review should focus on.
The finalised member propositions and the final recommendations of our events strategy review will be presented to Council on 17 June 2021. We look forward to sharing the outcome of that work soon after.
On governance, Council gave its support to a new high-level risk framework, developed to ensure our strategy is robust against foreseeable risks and that those risks are managed appropriately. There was an update on the establishment of two Management Board committees, and an update on the review of the Practising Certificate scheme.
Council also approved a proposed amendment to the Disciplinary and Capacity for Membership Scheme, excluding newly qualified affiliates from its scope. A member vote will be held to seek approval of this and other Scheme amendments.
The minutes of our meetings are available at bit.ly/3bR5wkT and you can contact us at [email protected]