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03

APR's actuarial altruism day

Open-access content Wednesday 7th March 2018

On 21 November 2017, 16 APR staff members and four contractors raised £8,760 for charities of their choice – simply by going to work for the day.

On 21 November 2017, 16 APR staff members and four contractors raised £8,760 for charities of their choice - simply by going to work for the day.

The initiative, now in its second year, encourages staff to raise money in an effective manner. Why bake cakes or run marathons when you can calculate reserves for a book of annuities, design an innovative retirement product, or carry out some stress-testing? After all, turning up for work tends to result in greater take-up than some of the more imaginative activities. The idea is that staff who volunteer contribute a working day with clients as normal, but agree to forgo 50% of a day's pay; APR then pays 100% of the fee received for that day to a charity nominated by staff.

Four charities were selected this year: Anthony Nolan, Leukaemia UK, Parkinsons.Me, and The Trussell Trust. The 2017 event attracted more involvement, including contractors for the first time. And for the 2018 event, we plan to involve clients.

If the principle of effective altruism inspires you, consider how your employer might support you, whether it's matching donations, or allowing you to spend "1% of your time" on a cause that you believe in.

This article appeared in our March 2018 issue of The Actuary.
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