The Executive team is organised into six separate but interdependent Groups: Chief Executive's Office, Engagement and Learning, General Counsel, Markets Development, Operations, and Public Affairs and Research.
|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.|
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.
|Key responsibility:||To provide all aspects of building reputations, including creating and implementing communication strategies, and delivering complex programmes and projects.|
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.
|Key responsibility:||To offer effective and efficient corporate services to support delivery against the strategy.|
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.
|Key responsibility:||To regulate our members in such a way as to assure public trust and support business and innovation.|
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.
|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.
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 Groups
Visit the corporate publications page for more information and to view the latest publications for:
- Corporate Plan 2018/2019
- Annual report: 2019/2020
- IFoA Strategy 2020 – 2024
You might also like
Jo Jones, Deputy Chief of Staff provides the Secretariat to the Executive Leadership Team
I will try to respond to email queries within five working days.
Filter or search events
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.