The Board is keen to demonstrate the importance of acting with the full knowledge and understanding of the IFoA Council, its Corporate and Practice Boards and all members of the IFoA. It is in this spirit that the Board drew up at its first meeting in 2018 a position statement to reflect the commitment of the Board to this open and transparent working.
The Board's key responsibilities are to:
- Support Council in future reviews of IFoA lifelong learning objectives and set strategy for achieving these objectives.
- Collaborate with other boards to ensure that cross cutting organisational and cross-practice opportunities and initiatives are appropriately addressed.
- Ensure that the IFoA's learning is globally benchmarked against competing credentials, CPD and lifelong learning.
- Set the strategic framework for development of the IFoA’s pre-qualification learning, ensuring strategic developments respond to the contemporary needs of the global actuarial profession.
- Set the framework for assessment of all qualification and certifications, responding to contemporary good practice.
The Board comprises
- Dr Helen Wright - Lay Chair
- Prof Carl Stychin – Lay member
- Laura Andrikopoulos – Council representative
- David Bowie
- Helena Ingram
- Caroline Bayliss
- Kav Benepal
- Prof Clifford Friend – Executive member
- Chris Bristow – Executive member
- Karen Brocklesby – Executive member
Secretary to the Lifelong Learning Board - Maria Lyons.
The Lifelong Learning Board is supported by two Sub-committees and one Forum
- Board of Examiners
- Education Committee
- Student Consultative Forum
New learning offerings
The Lifelong Learning Board has established a triage process – a framework for introducing new subject areas into the IFoA’s learning offer.
This process includes a series of structured questions as a basis for evaluation of any new proposition. These relate to, amongst others, the appetite for, connectivity, sustainability and appropriate delivery model for a proposition.
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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.
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.
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.
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?
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.
Investment risk-sharing is a fundamental part of whole-life collective defined contribution (CDC) pension schemes, such as the Royal Mail CDC. But how does investment risk-sharing benefit members? And does it favour some groups of members over others?