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Annual General Meeting and Presidential Address

A general meeting shall constitute the highest legislative assembly of the Institute and Faculty of Actuaries (IFoA). The IFoA holds an Annual General Meeting (AGM) at least once in each calendar year. Your views are important to us.

Annual General Meeting 2021

Our AGM for 2021 took place by webinar on Thursday 24 June 2021.

Members of the IFoA can view a recording of the AGM by signing in to our Virtual Learning Environment; details (including a link to the recording of the AGM) can be found here.

Read the official Notice for the 2021 AGM

Bye-law 54 provides that the business at an AGM shall be as follows:

  • to receive and consider the report of the Council (the IFoA's Annual Report, and Finance and Governance Report)
  • to receive and consider the accounts of the IFoA for the past financial period
  • the appointment of the IFoA’s auditors and the setting of their fees
  • announcement of the election of new members of Council (you can see the results for the 2021 elections here)
  • any other business which may, consistently with the Charter and Bye-laws, be announced:
    • This year, we announced that the proposals to amend our IFoA's Bye-laws and Rules, in relation to term lengths for elected Council members, were passed by a majority of our voting members. More details on this can be found on our Bye-laws and Rules webpage.

 


Presidential address 2021

Newly inaugurated IFoA President, Dr. Louise Pryor gave her Presidential Address ‘A Learning Society’ on Friday 25 June 201. Louise explored what we need to do to keep abreast of the changing world – and how we can seize the resulting opportunities. 

 

Download the Presidential Address speech
 

Louise Pryor“It’s a great honour to be chosen as the next President of the IFoA. We are living through a period of immense change which presents both challenge and opportunity. I want to build on the valuable work of my predecessors to ensure that the IFoA can survive and be sustainable. I believe the best way to do this is for actuaries and the IFoA to keep learning. Over the next year, my presidency will be focussed on supporting members to develop their skills so they can adapt to change in existing areas of work as well as move into new areas.

“I began my actuarial career 40 years ago at a time when climate-related risk was simply not on the horizon. I have believed for some years that this risk is the biggest problem facing the world and have watched climate-related risk become mainstream and even mandated by regulators in many countries. Assessing the impacts of climate-related risk is a relatively new field for actuaries and underscores the need to keep learning and adapting our skill sets. We already offer a broad range of resources to support our members in this area, and are constantly extending it. I am excited to announce that a pilot credential in climate risk is underway and we hope to be able to offer the full course later this year.

“The IFoA’s Learning Change Programme will gather pace this year, aiming to modernise, deepen and broaden our actuarial qualifications and lifelong learning support. We are reviewing the pre-Associateship syllabus, and aim to broaden the portfolio of routes to fellowship. We are continuing to invest in our online exam platforms and are working to ensure that lifelong learning meets the changing needs of our Fellows and Associates who cannot rely only on the skills tested at the start of their careers.

“Adapting to the many changes around us will be a learning process for both individuals and for the IFoA but our shared goal will help to ensure the relevance and sustainability of the profession.”

 

Contact Details

James Harrigan, Corporate Secretary

James.Harrigan@actuaries.org.uk

I will try to respond to email queries within five working days.

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Events calendar

  • Spaces available

    Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.  

  • Spaces available

    Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.

  • Spaces available

    The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they  explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.

  • Spaces available

    Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?

  • Spaces available

    What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life?  Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown.  They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.