You are here

Coronavirus policy

Last updated: 16 April 2020

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.

Please contact china@actuaries.org.uk or caryn.chua@actuaries.org.uk if you have any urgent local queries in China or South East Asia.

 

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.

 

Examinations

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

The 2019/2020 CPD Scheme will be extended for a two month period, due to the proposed changes to the CPD Scheme, which we are currently consulting on.

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.

 

Volunteering

IFoA volunteers will receive email updates throughout this period to ensure they are fully up-to-date on any changes to their roles.

Filter or search events

Start date
E.g., 23/11/2020
End date
E.g., 23/11/2020

Events calendar

  • Spaces available

    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.

  • Spaces available

    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.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Spaces available

    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.

  • Spaces available

    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

  • Spaces available

    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. 

  • Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    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.