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
  • June 2021
CEO Comment
Opinion

Passengers on the same train

Open-access content Wednesday 2nd June 2021
Authors
Stephen Mann

One of the things I value about being the CEO of the IFoA is the clarity of accountability to our membership. It provides a clear line of sight for the things we do, what the organisation aims to achieve, and what I expect to be judged against.

web_p5_Stephan_0.png

We are all passengers on the same train. Whether we are just beginning our journey or stepping off, we need to ensure the actions we take now will benefit the IFoA in the longer term. Many of the opportunities and challenges we must consider will transcend our current leadership – and some of our membership, too.

We want the IFoA to be an influential, effective voice for actuaries into the future. We also want to help our members have sustainable, rewarding and fulfilling careers – and we must achieve both in a rapidly-changing world. Some of the activities under way to benefit our members will be felt quite quickly, others will come through over time, but we need ensure both are congruent.

We are fortunate to have a clear stewardship model, which starts with our membership, who can express their voice through the Council elections each year. The Presidential Team is elected from Council. Council has a majority on our Management Board, which I am specifically accountable to and where I must demonstrate that the IFoA is making progress against Council’s strategy. Although our roles are different, we work towards a common purpose: to be the voice of actuaries, and to support, develop and be the voice of our members.

Our membership’s voice is coming through loud and clear. We are listening and have responded, with much exciting work to do and follow through on. Several things will converge during the next year or so – including communicating what we offer members, a new IT platform for a more seamless user experience and more. You will see further evidence of our transformation in the short term, and the tracks we are laying for sustained change for members for the years to come.

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

ACT Jun21_Full.jpg
This article appeared in our June 2021 issue of The Actuary .
Click here to view this issue

You may also be interested in...

web_p5_Stephan_0.png

Long-term thinking

Climate change is in the consciousness of most organisations globally, and is an increasingly important factor in business decision-making; in some areas, it is a responsibility and a duty.
Wednesday 5th May 2021
Open-access content
web_p5_Tan.png

Nurturing and growing the IFoA membership

This message will be my last as president, and I thought it would be fitting to address the issue of stewardship.
Wednesday 2nd June 2021
Open-access content
web_p10_Letters_Have-your-say_CREDIT_iStock-1270833083.jpg

LETTERS: Vague ERCs punish borrowers

I read The Actuary article ‘Home truths’ (May 2021) with dismay. Those who have designed these equity release mortgage products do not seem to understand the possible events as one or other of a couple become elderly. They do not die or move into long-term care simultaneously. For one reason or another, either while one or both are alive, there may well be a good reason to sell their home, and this is where the early repayment charge (ERC) cuts in.
Wednesday 2nd June 2021
Open-access content
web_p4_dan-head7.png

Tackling sensitive topics

This month we interview Kristian Niemitz, head of political economy at the IEA, who posits that there is a better way to organise a health system than the NHS, in order to deliver improved outcomes (p12).
Wednesday 2nd June 2021
Open-access content
tan.png

A new paradigm

In our strategy debates, we discussed the importance of adopting a multi-disciplinary approach to problemsolving, in order to tackle the complex and systemic issues facing the profession and wider society.
Wednesday 5th May 2021
Open-access content
Dan

Swift but steady response

In Aesop’s fable ‘The Tortoise and the Hare’, the hare’s natural running speed is undone by his character flaws, while the perseverant tortoise wins the race through dedication and hard work.
Wednesday 5th May 2021
Open-access content

Latest from Opinion

r

Meaningful change

When the IFoA launched its latest strategy in early 2020, we also launched a fresh organisational purpose: to be the voice of actuaries, and to support, develop and be the voice of our members.
Wednesday 1st March 2023
Open-access content
jb,h

Meaningful leadership

When the IFoA was formed in 2010, our two predecessor bodies agreed the governance arrangements that we retain today: an elected governing Council, a Management Board that bridges our organisation’s strategy and operations, and an Executive that advances the IFoA day by day.
Wednesday 1st March 2023
Open-access content
ioh

Just the job

I wonder if the cover has prompted you to consider your options?
Wednesday 1st March 2023
Open-access content

Latest from CEO Comment

iu

Staying engaged

Along with Matt, I wish to say well done to everyone who has just qualified. He and I visited Singapore and Malaysia at the end of last year and had the privilege of meeting some of our new qualifiers there.
Wednesday 1st February 2023
Open-access content
td

Make it rewarding

I am often asked, ‘What is the point of the IFoA?’ I usually reply that our role is to enable our members and future members to have professionally and personally rewarding careers and to feel part of a professional community that is making a difference.
Wednesday 30th November 2022
Open-access content
if7

Listening and acting

We have been carrying out a huge listening exercise in the past couple of years to help us transform your IFoA experience.
Wednesday 2nd November 2022
Open-access content

Latest from Stephen Mann

r

Meaningful change

When the IFoA launched its latest strategy in early 2020, we also launched a fresh organisational purpose: to be the voice of actuaries, and to support, develop and be the voice of our members.
Wednesday 1st March 2023
Open-access content
iu

Staying engaged

Along with Matt, I wish to say well done to everyone who has just qualified. He and I visited Singapore and Malaysia at the end of last year and had the privilege of meeting some of our new qualifiers there.
Wednesday 1st February 2023
Open-access content
td

Make it rewarding

I am often asked, ‘What is the point of the IFoA?’ I usually reply that our role is to enable our members and future members to have professionally and personally rewarding careers and to feel part of a professional community that is making a difference.
Wednesday 30th November 2022
Open-access content

Latest from June 2021

web_p44_Obituary_Nicolas Hornby Taylor FIA_Nick-Taylor_Life-article.jpg

People and society news: June

People and society news: June
Wednesday 2nd June 2021
Open-access content
web_p20_PRO_CREDIT_iStock-531057937.jpg

Weighing the options of PPOs

Peter Towers and Justin Thomas explain the falling popularity of PPOs in claim settlements, and their implications for insurers
Wednesday 2nd June 2021
Open-access content
web_p18-19_CDI_CREDIT_iStock-1217057529_v2.jpg

Cashflow driven investment strategies for DB pension schemes

Derek Steeden and Kedi Huang discuss how cashflow-driven investment can help defined benefit pension schemes manage cashflow and meet long-term funding targets
Wednesday 2nd June 2021
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Pricing Associate

Scotland / England, London
Up to £60000 per annum
Reference
149081

Outside IR35 - Reserving Contract - 6-8 months

London (Central)
Daily rate contract - outside IR35
Reference
149079

Actuarial Analyst - Longevity Reinsurance

England, London
Up to £55000 per annum
Reference
149080
See all jobs »
 
 
 
 

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