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Executive Leadership Team

The Institute and Faculty of Actuaries (IFoA) has a strong Executive team, with significant capabilities in support of our strategic themes: education, regulation, member support, public affairs and thought leadership.

The Executive team is organised into five separate but interdependent Directorates: Chief Executive's Office, Engagement and Learning, Operations, General Counsel, and Public Affairs and Research.

The key accountabilities of each Directorate support the IFoA’s strategy, published in 2016, and are set out below:

Chief Executive's Office
Key responsibility: To be responsible for the work of the Executive, the financial management of the IFoA, and overall responsibility for the delivery of the organisation's strategy.  A member of Management Board and an observer at Council and Chair of the Markets Development Board.
Chief Executive: Stephen Mann

Originally qualified as a lawyer, Stephen has worked extensively with the actuarial community throughout a career in financial services. He has been a Board Director of the Aviva Life business, responsible for strategy, business services, and major capital projects. More recently he served as Chief Executive Officer at the Police Mutual Group.

Stephen has also been Chair of Aviva’s With Profits Committee and UK retail investment business, a non-executive director at ALICO UK and the independent member of the Audit and Risk Committee at The College of Policing.

He is a Fellow of the Institute of Directors and The Pensions Management Institute, and a trustee of The Police Arboretum Memorial Trust.

Stephen holds an LLB from Cardiff University and began his career as a solicitor in private practice in the City.

He is married with two children.

Engagement and Learning
Key responsibility: To provide high quality qualifications and lifelong education for all our members.
Director: Clifford Friend
Clifford Friend

Clifford Friend joined the Institute and Faculty of Actuaries (IFoA) in January 2016 as Director of Education.  This followed a distinguished career in Higher Education culminating as Professor and Acting Vice-Chancellor of Cranfield University. Throughout his career Clifford has played an active role in professional bodies and related regulatory organisations, helping shape accreditation processes and contributing to audits, for regulators and individual academic institutions around the world.

Clifford has wide leadership experience working at the interface between higher education and the business world.  Until recently he was the non-Executive Chairman of CMD Ltd (an executive development company with £17m turnover) and CEI Ltd – a small knowledge-based SME.  He has also been non-Executive Director of CV Ltd, QA Business School Ltd and Sudbury House Hotel Ltd.

Clifford is a Chartered Engineer, Fellow of the Institute of Directors, an alumnus of INSEAD, the French international business school and, until recently, an elected Council member of the CBI. His expertise has frequently been called upon to assist commercial clients, professional institutions around the world and UK government agencies, ranging from DBEIS and The Treasury to the Research Councils and Ministry of Defence. He has also appeared as an expert for the media, on radio and television and has written for broadsheet newspapers and magazines, including the Financial Times and the New Scientist.

Public Affairs
Key responsibility: To provide all aspects of building reputations, including creating and implementing communication strategies, and delivering complex programmes and projects.
Director: Annette Spencer
Annette Spencer

Annette Spencer joined the Institute and Faculty of Actuaries (IFoA) in April 2018 as Director of Public Affairs and Research. She has had a long career in communications in the financial services sectors, including as UK Head of Communications at RSA Insurance and Director of Communications at The Investment Association. She has also held interim assignments at Zurich, the Universities Superannuation Scheme and the Financial Conduct Authority.

Annette has broad experience across all aspects of building reputations, including creating and implementing communication strategies, and delivering complex programmes and projects. She is experienced in developing organisational capabilities in media relations, public affairs, digital communications, internal communications, branding, and stakeholder and issues management.

Annette is a Classics graduate from Newnham College, Cambridge, and holds an MBA with Distinction. She is a Fellow and Chartered Practitioner of the Chartered Institute of Public Relations (CIPR), and a past Chairman of the CIPR Corporate and Financial Group and past CIPR Council member.

Operations
Key responsibility: To offer effective and efficient corporate services to support delivery against the strategy.
Director: Anne Moore
Anne Moore

Anne Moore is the Chief Operating Officer for the IFoA.  She is a qualified accountant with over 30 years’ experience in various not-for-profit organisations.  She has led organisations through complex change management and has been responsible for governance, finance and resources in a number of public sector agencies. 

Prior to joining the IFoA in 2011, Anne was the inaugural Director of Finance & Corporate Services for the Infrastructure Planning Commission, and prior to that the Director of Corporate Services and Communications for the Sustainable Development Commission.  Anne formerly held the position of Director of Resources for the Royal Parks Agency and various other positions within central government.

General Counsel
Key responsibility: To regulate our members in such a way as to assure public trust and support business and innovation.
Director: Ben Kemp
Ben Kemp

Ben Kemp is a Director and General Counsel at the IFoA, leading the General Counsel Directorate.  Ben was formerly a partner in the Regulatory and Professional Discipline department of London law firm, Kingsley Napley LLP.  Prior to that he trained and worked for ten years as a solicitor with Shepherd + Wedderburn LLP. 

Ben is dual qualified as a solicitor in Scotland and England & Wales, a solicitor member of the Scottish Solicitors’ Discipline Tribunal and a member of the Professional Standards and Ethics Committee of the Law Society of England and Wales. 

He additionally serves as a Legal Assessor appointed to advise disciplinary panels of the Royal Institution of Chartered Surveyors and is a part time tutor in public and constitutional law at the University of Edinburgh.

Markets Development
Key responsibility: To build a long-term sustainable future for the IFoA through strategic global relationships, whilst ensuring that our members continue to thrive in their careers by opening doors and creating healthy market environments for success.
 
Director: Sarah Sim
Sarah Sim

Sarah is a career markets development professional, with experience covering a number of sectors and most of the world!

She joined the IFoA in December 2016 as Head of Global Markets Development, and was delighted to be promoted to the new role of Director of Markets Development in March 2018.

Prior to this, Sarah worked at Director level for a number of years at the ACCA, the largest professional accounting body in the world, where she had responsibility for market development and emerging markets. She had oversight for market entry strategies and implementation across the Middle East, Europe, Asia, and Africa, and then took lead responsibility for all of ACCA's activities across the breadth of the Americas, ranging from the leadership of the US, Canadian and Caribbean offices to the emerging markets of Latin America.

Sarah’s earlier career saw her working as policy manager at BritishAmerican Business (BABi is a transatlantic business networking group for C-suite executives and SMEs in the UK & USA). She has also managed the Asian portfolio at the London Chamber of Commerce leading trade delegations to India, Sri Lanka, Japan, China and Mongolia. She began her career working in the British Diplomatic Service for over a decade, which included postings to Washington DC and Montserrat in the Caribbean.

Sarah thrives on seeking new opportunities, which saw her spend time as an international English teacher, living in both Spain and Mexico.

Find out more about the work of the IFoA’s Directorates in the publications listed below:

Corporate Plan 2018/2019

Annual Report of the Institute and Faculty of Actuaries 2015/2016: Promoting actuaries and actuarial science globally

Institute and Faculty of Actuaries' Strategy 2016

 

 

Contact Details

James Harrigan, IFoA 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

  • Protection, Health and Care Conference 2020

    The Grand Brighton, 97-99 Kings Rd, Brighton BN1 2FW
    02-03 June 2020
    Spaces available

    Due to COVID-19 we have taken the decision to turn a selection of the conference programme into a webinar series. Further announcements about this event will be made soon.

    Thank you for your patience and understanding.

  • Mortality and Longevity 2020

    1 Birdcage Walk, Westminster, London SW1H 9JJ
    08-08 June 2020
    Spaces available

    Due to COVID-19 this event has been postponed until later in the year. A new date will be announced soon.

    Thank you for your patience and understanding.

  • PHC Conference webinar: CMI Update

    Online webinar
    10 June 2020

    Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    An update from the Continuous Mortality Investigation (CMI) with content focused on the work of the Assurances Committee and the Income Protection Committee.

  • Webinar: IFoA Annual General Meeting

    Virtual meeting
    15 June 2020

    Spaces available

    Notice is hereby given that the Annual General Meeting of the Institute and Faculty of Actuaries will be held online via a live webinar on Monday 15 June 2020. This will be followed by a Q&A session with the IFoA Leadership Team.

  • Spaces available

    Mark Williams will provide insight on this topic as IFoA Pensions Board Chair, lead actuarial representative on the PASA Working Group and head of Buck’s Square solution.

  • Pensions Conference 2020

    Worldwide
    18-19 June 2020
    Spaces available

    Due to COVID-19, we are running this programme via a series of webinars commencing 16 June.

    Focussing on topics including funding and savings, pension law current issues, ESG, the end game and transferring risk, investment issues, data visualisation and data science. Expect a great line-up of speakers and a wide range of thought-provoking topics. 

  • Webinar: IFoA Presidential Address

    Online webinar
    18 June 2020

    Spaces available

    Tan Suee Chieh will be inaugurated as President of the IFoA at this year’s AGM. Join us for Suee Chieh’s Presidential address on Uncertainty, Culture and Imagination. Using the Covid-19 crisis as the backdrop, he will invite IFoA and the profession to re-imagine our roles in a digital age and a future fraught with uncertainty and opportunity.

  • TIGI 2020 (Technical Issues in General Insurance)

    Webinars
    22 June 2020 - 7 July 2020

    Spaces available

    Technical Issues in General Insurance provides content across all key areas of the general insurance sector whilst also offering cross-practice area technical topic deep-dives.

  • Spaces available

    This is the third webinar in the Extreme Mortality Events series presented by Chair of the Life Board of the Institute and Faculty of Actuaries, Colin Dutkiewicz.

    This discussion will have a look at the much talked about R0 number.  It will dissect why this average number is so poorly understood, and why it is a bad indicator of the pandemic progression.  In particular it will discuss how serious errors in decision making can be made by relying on this number.

     

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    In this session we will present the results of an international survey of claims assessors. We will explore key similarities and differences in claims practices in different locations, and their impact on the management of disability claims. 

  • Spaces available

    Climate change represents a material risk to future financial stability and creates implications for the work, actions and decision making of actuaries. Join us to learn about the science behind global warming and what that means for policy makers and society over the coming decades.

  • Spaces available

    The release of the PRA consultation paper may signal a good time for insurers to review and update their liquidity risk management framework. Within this presentation we discuss our interpretation of what the PRA’s liquidity consultation paper means for insurers and how this compares to our understanding of current market practice through answering the following questions: 

  • Spaces available

    Converting lifetime savings into a lifelong income are a fundamental part of pensions. Yet this is often not part of DC pension plans. One possibility is to offer a post-retirement, pooled annuity option, perhaps structured as a Collective Defined Contribution (CDC) plan, to retirees.  Pooled annuities convert lump-sum savings to a life annuity by collectively pooling longevity risk.

  • Spaces available

    Although ESG has many buyers across the asset allocation community, from pension funds to sovereign wealth funds, it still hasn’t found its place within the core asset management strategy desks where the money is actually invested. The problem as well as the opportunity is Fixed Income.

  • Spaces available

    Technical Issues in General Insurance

    The presentation will cover a summary of findings over the past few years of working on the boundary between data science and actuarial. The webinar will describe and review several data science approaches and discuss their relevance and use in actuarial pricing.

  • Spaces available

    A practical and theoretical look at risk from wider perspectives, drawing on theories and examples from other fields, as well as social experiments, the session aims to stimulate members to consider information asymmetry, bias, Bayesian methods, behavioural finance and behavioural psychology when determining pension scheme risk. 

  • Spaces available

    This talk expands on recent changes to Solvency II regulation to include sustainability risks and explores whether private equity offers an opportunity for making l long-term and impactful investments. 
    We will answer the following questions: 

    How sustainable private equity could be used in your portfolio to qualify for more favourable capital treatment under Solvency II?

  • Spaces available

    Technical Issues in General Insurance

    Across the General Insurance market actuarial pricing tools are being migrated from Excel to web-based technologies. Web based pricing technology offers many synergies with AI and Machine Learning. But they are often hampered by poor design and practically always perform worse than their Excel counterparts!

    The following will be presented: 

  • Spaces available

    In this talk we cover the practicalities of implementing ESG within real asset investment decisions. Capital deployed in real assets is invested for a long term and has far reaching impact on the environment and society.  However, implementing ESG into real asset investment decisions is not straightforward and requires a different approach to public market assets.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    This webinar will provide an overview of how and why we built a Death Toolbox using Shiny.  This includes a live demonstration of the tool that enables a user to explore mortality datasets without knowing specialist coding techniques.

  • Spaces available

    An update from the Continuous Mortality Investigation (CMI). Content will focus on the work of the Self-administered Pensions Schemes (SAPS) Mortality Committee and the Mortality Projections Committee and will cover the most relevant and up-to-date outputs.

  • Spaces available

    The PPF’s Purple Book provides the most comprehensive data on the UK universe of Defined Benefit (DB) pension schemes in the private sector.  Analysing how this landscape has changed over time shows that whilst the risk profile of DB schemes has reduced underfunding has persisted.  The session will explore these trends and provide an insight into how funding may evolve in the future under a number of our modelled scenarios.   

  • Spaces available

    The IFoA is running a webinar on Thursday 9 July 2020 which will focus on the challenges and issues facing defined contribution savers who wish to access illiquid investments.

    Our speakers will provide perspectives from their diverse experience, including DC fund implementation, platforms, master trusts, the role of trustees, regulation, and parallels with other fund types. They will then come together in a panel discussion with audience interaction. 

    The webinar is likely to be of interest to actuaries working across the spectrum of financial services, including investment advisers, asset managers, insurers, fund platforms and DC master trusts.

  • Spaces available

    An online webinar delivered by John Taylor, President of the Institute and Faculty of Actuaries who will look at the prospects for the actuarial profession in the era of unprecedented technological innovation.

  • Spaces available

    Climate change risks are likely to become material for many risk management and investment decisions. This will require to incorporate explicitly climate change in the tools used for risk management and investment decisions. At present existing climate change tools are often too crude for decision making.

  • Spaces available

    Because of Covid-19, forecasters predict a severe recession in 2020, followed by a V or U-shaped recovery. This impacts both individuals and companies. However, compared to previous recessions, the impact on banks of higher credit losses should be mitigated to some extent by government actions. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    This session will provide an overview of the Population Health Management Working Party's research including defining impactability and impactability modelling, discussing some examples of specific modelling approaches, considering the practical challenges across the NHS as well as wider public perception and ethical issues.

  • Spaces available

    Many actuaries consider career opportunities in the Finance and Investment practice area after having started off in more traditional actuarial roles such as valuations, capital management or pricing. This session is aimed at helping actuaries to better understand roles in Finance and Investment and how they can fine tune their skills to pursue such careers.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    With the rising prevalence of dementia, how can we manage this risk effectively and can insurance do more? Matt Singleton, Ageing Lead at Swiss Re, will cover these topics and demonstrate how insurance could help people address their concerns.

  • PHC Conference webinar: Gene Modification

    Online webinar
    6 August 2020

    Spaces available

    Chief Medical Officer (CMO) for Gen Re Life/Health Research and Development, Dr John O'Brien, will discuss the impacts of Gene Modification for life/health insurance. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. 

    The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC.