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
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • June 2022
Opinion
CEO Comment

Changing of the guard

Open-access content Wednesday 1st June 2022
Authors
Stephen Mann

This month marks the turn of our sessional year, with the AGM, our change of president and new Council appointments. It’s a time for looking back and looking forward, as well as an important checkpoint, demonstrating our accountability to our members.

web_p5_CEO_Stephen-Mann.jpg

Those of us involved with the IFoA are simply its custodians, and aim to support a thriving, influential, rewarding profession. We are mindful that this career can be for everyone. As a small profession, we are also in competition with other sectors to ensure we attract talented people, whoever they are and wherever they come from.

We are committed to improving DEI in our community. This challenge is not unique to our profession, and if not addressed, could be a major disadvantage for key sectors and employers in the ‘war for talent’. At the beginning of 2021 I was asked to join a UK government-commissioned taskforce led by the City of London Corporation (bit.ly/CoL_diversity). This aims to improve socio-economic diversity at senior levels in UK financial and professional services. UK financial services and professions can feel exclusive – if one of your parents is a lawyer, you are 17 times more likely to follow them than someone who is not in that position. For many, these professions can feel like a different language or country, and their careers progress more slowly than the careers of those who feel more comfortable.

Recently, the taskforce invited UK-based IFoA members to take part in a short survey, and more than 1,000 of you did so, accounting for 23% of responses. The results will be used to help develop a sector-wide baseline to track progress and support action, and we will follow through with our key employer relationships to complement their own initiatives or help them put this issue higher up their company’s agenda. The high response rate from our community was encouraging.

Finally, I would like to thank Louise for her leadership and support during the past couple of years. She was part of my selection panel when I was interviewed to be CEO and was one of the reasons I was keen to join. Her support and counsel has been invaluable.

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

Linked ACT Jun22_Full LR.jpg
This article appeared in our June 2022 issue of The Actuary.
Click here to view this issue
Filed in:
Opinion
Also filed in:
CEO Comment

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Underwriting Risk Manager

London (Central)
£85K-£95K + Benefits
Reference
124386

Reserving Manager (Contract)

London (Central)
£1200 - £1400 per day
Reference
124385

Life Actuary - Contract - IFRS 17 Financial Impact

England, London / England, Bristol / North Yorkshire, England
£900 - £1150 per day
Reference
124384
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

© 2022 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