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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.

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Events calendar

  • Spaces available

    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.  

  • Spaces available

    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.

  • Spaces available

    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.

  • Spaces available

    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?

  • Spaces available

    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.