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.
The first pillar of the IFoA’s current strategy is to reposition the profession. In simple terms, this means moving away from the stereotypical view that actuaries are largely analytical individuals and instead recognising the breadth of skills and talents they are able to offer in new domains and industries. Put another way, we want to ensure that the skills and abilities that actuaries already bring to our traditional areas of work are utilised in wider fields
The IFoA’s new Practising Certificates (PC) Scheme comes into effect on 1 December. It introduces more flexibility into the process for applicants and takes a more proportionate approach, with less focus on the annual renewal process.
Council’s first meeting of the sessional year took place on Wednesday 28 September by videoconference. We welcomed the new Council members elected at the June AGM to their first formal Council meeting.