Diversity is vital in the make-up of Council
As we all become increasingly busy in our day jobs, it can be difficult to make time to ensure that the professional body you qualified with and, we hope, are proud of, remains reflective of its members and is a true representation of their wishes.
The annual Council election is your chance to have your voice heard, to build on your skills and experience and to help in setting the strategic direction of the IFoA.
This is not just an opportunity to use your vote but is far more than that – could you become a member of Council to help us shape the future?
This is your profession, and now is your opportunity to make a difference. We would urge you all to seize the moment and stand for Council and help rise to the challenges that lay ahead.
The next Council elections will take place in 2021. Normally, the process runs from April to June. More information will be posted here once the finer details are known.
How do I become a Council member?
Nominations for seats on the IFoA's Council are encouraged from all eligible members. You will need to submit a nomination and biography and be supported by one proposer and one seconder. You can find details about the nomination process on our elections website when elections are open.
How do I vote in the elections?
All Fellows, Honorary Fellows and Associates of the IFoA are eligible to vote in the Council elections. Voting typically takes place in May and June each year. You will be able to cast your vote using the IFoA Election website.
We would encourage all eligible members to vote - it really can make a difference.
More information on standing for election to Council, voting in Council elections, and the relevance and implications of the two constituencies (General and Scottish) that our Council is comprise of, can be found in this Q&A document.
If you require help with any aspect of the elections or voting processes or have any questions on those, please contact the IFoA’s Corporate Secretary, James Harrigan.
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This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.
We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.