The IFoA’s policy regarding Coronavirus is designed to safeguard the well-being of members and employees.
The IFoA has now activated effective business continuity planning to ensure we continue to deliver for our members throughout this period of heightened awareness. You can find a summary of these measures below.
Visiting an IFoA office or event
The IFoA offices in Edinburgh, London, Oxford, mainland China and Singapore remain closed.
Owing to the current COVID-19 situation all IFoA employees are now working remotely. This will significantly reduce our ability to respond to phone calls, however, the Membership Team will be answering calls to +44 (0)131 240 1325, please bear with us. We would request that examination and study enquires are made by e-mail.
Contacting the IFoA by telephone
Owing to the current COVID-19 situation all IFoA employees are now working remotely. This will significantly reduce our ability to respond to phone calls so we would ask that all enquiries are made by e-mail.
IFoA events programme
Due to the global COVID-19 situation, the IFoA is reviewing its events programme. Our primary goal is to ensure the wellbeing of our members and employees while minimising the disruption to our service.
Although this means that many events will be cancelled or postponed, many are being reformatted as webinars or other forms of digital delivery. If your event is disrupted we will let you know by email as soon as possible.
We’re asking all members and stakeholders to check our events web page for the latest information.
We will continue to keep this under review as guided by the UK and/or local governments as appropriate.
The IFoA can confirm that all written examinations that would have been held in examination centres in April will not take place. This applies worldwide.
For the April examinations, we have introduced some additional online examinations. Candidates now have the following options.
If we have introduced an online equivalent to your original examination booking, you can take this online examination instead.
If you do not wish to take an online examination, then you will be offered a full refund. For details of how you can do this and further information on examinations, please visit Update on COVID19 for students booked onto April 2020 exams
Recording your CPD
This will mean that the 2019/2020 CPD reporting year will end on 31 August 2020, rather than the published date of 30 June 2020.
The online learning resource can help category 2 members gain the external requirement of 5 hours, including the PST. However, we will continue to keep the situation under review and consider whether further steps around CPD compliance are necessary.
IFoA volunteers will receive email updates throughout this period to ensure they are fully up-to-date on any changes to their roles.
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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.