Welcome to our bulletin bringing you the latest news from the IFoAs Council, to keep you informed about what we are doing and the issues we are thinking about.
Welcome to our bulletin bringing you the latest news from the IFoA's Council, to keep you informed about what we are doing and the issues we are thinking about.
We held our final meeting of the 2017/18 sessional year on 23 May 2018 in Brighton, alongside the Protection, Health and Care conference. This gave Council members an opportunity to network with the conference delegates and raise the profile of the Council and its work.
Good working relationships between Council, Management Board and the Executive are absolutely essential to the IFoA's ongoing success. A Council-led project group has been looking into how to further develop these relationships and presented a number of ideas for enhancements, which we approved.
An implementation group has been set up to put these ideas into action, and Council will monitor the progress of that work as it develops.
We held a breakout session to discuss the central challenges that our global strategy should seek to address. In groups, we considered three essential questions: Who will our members be? What roles will actuaries play and in which industries? How do we create a consistent operating model in various regions? There was rich discussion on each topic, and we will be working closely with our Corporate Boards to consider how the output of those discussions can be taken forward and incorporated into our ongoing strategy development.
With only one member of the Scottish Constituency standing for election to Council this year, we are regrettably left with one vacant seat on Council for the 2018/19 session. We discussed the options available to us for filling that seat, but concluded that the seat should instead be left unfilled for the coming year.
We agreed that subscription fees would remain at current prices from 1 October 2018, and that both practising certificate fees and examination admission fees would remain at their current rates during 2018.
As we have now had our last formal meeting of the year, we want to say a special thanks to outgoing president, Marjorie Ngwenya, for her chairing of Council and contribution to the IFoA.
We also wish to thank our immediate past president, Colin Wilson, for his dedication to the IFoA and Council over his three years as a member of the presidential team.
Lastly, we wish our retiring members of Council well, each of whom has made an important contribution to our success.
The first meeting of our 2018/19 session will take place in Edinburgh on 18 July 2018, when the new president Jules Constantinou will take up the role of chair of Council.