Actuaries Supporting Others
Our mission of Actuaries Supporting Others is made up of three components. From rewarding excellence to supporting our community to addressing future challenges, the IFoA Foundation is helping the profession to have an even more positive impact.
From the establishment of the early charitable trusts of the Institute of Actuaries, and the Faculty of Actuaries, we have had a long history of funding prizes for excellence in research.
In 2019, the Geoffrey Heywood Prize, for the best research paper demonstrating excellent levels of communication, was awarded to Michael McCrea and Mark Farrell. Mark decided to use his share of the prize money to help other actuaries learn about emerging technologies that impact the actuarial profession and specifically through a free virtual online event.
Supporting our Community
For many years, the IFoA’s Scottish Board has supported the school mathematics competition Enterprising Maths in Scotland, at a national and regional level. Part of this has been sponsored through funds from the Faculty of Actuaries Charitable Trust, which now forms part of the IFoA Foundation. As well as encouraging the love of mathematics in schools, it is hoped we see the next generation of actuaries emerging through many of the talented participants.
Addressing future challenges
The IFoA funds a range of education and research prizes. Very often winners request that their prize money be donated to a charitable cause close to their heart – these have ranged from large international charities like Unicef to smaller local charities, such as Leicester Hospitals Charity, and international recipients such as a charity supporting flying doctors in Africa.
Support our work
Our ability to support these worthy causes is clearly dependent on our success in raising funds from our members and other sources. Donating to the Foundation is a fantastic way to help the profession support others; take a look at the quick and easy ways you can donate:
It would be wonderful to receive regular donations so we would be very grateful to receive donations regularly by standing order.
Make a one-off donation
You can make a one-off donation by using the button below.
For larger donations, please contact the IFoA Foundation's General Manager, Belinda Dee (email@example.com), to pay by direct bank transfer.
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Scottish Charity Regulator reference SCO49518.
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Wicked Problems, Clumsy Solutions and Leading Change
Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators
Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.
Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.
This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place.
Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.
Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work
This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern
This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.
Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.
We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.
Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.