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Complying with our Values and Behaviours

Our values - Community, Integrity and Progress - set out what the Institute and Faculty of Actuaries (IFoA) stands for, what we do and how we do it

They drive our decisions, reflect our beliefs and unite us as one organisation - establishing a collective purpose and consistent way of doing things so that together, whether volunteers or staff, we will deliver our strategy and grow the reputation and trust of our audiences.

The behaviours identified in the framework will deliver the values so that all audiences have a consistent, positive experience of us as a high-profile, sustainable, international organisation that provides high quality service to its members

This is consistent with the Actuaries' Code.

Here are ways in which our volunteers bring the values and behaviours to life:

Community Integrity Progress

We are:
Building relationships and communities by listening and giving people a clear voice.

 

 

We are:
Doing the right thing for the organisation, our members, the profession and the public interest.

Integrity is, of course, at the heart of the Actuaries' Code.

We are:
Developing the future of the profession together.

 

 

Examples to consider when volunteering:

  • Do I listen to everyone's point of view?
  • Do I recognise that some members and staff may need encouragement to speak up and share their ideas and do I help them find their voice?
  • If I ever attend a poorly run meeting what could I do personally to help change things and make this better?
     

Examples to consider when volunteering:

  • If I say I can do something, do I ensure that I deliver, and if I cannot, do I ensure that I tell my Chair or the relevant staff member as soon as possible?
  • Do I respect whatever confidentiality restrictions apply to my volunteering work?

 

 

Examples to consider when volunteering:

  • Do I ever fall into the trap of doing things the way they've always been done without thinking if they could be done in a better way?
  • Am I open to new ideas and ways of doing things?
  • Do I try to seek and embrace feedback?
     

Contact Details

If you have enquiries about volunteering please contact Debbie Atkins, Head of Engagement:

debbie.atkins@actuaries.org.uk

Debbie will respond to your email within three working days and often sooner.

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Start date
E.g., 25/11/2020
End date
E.g., 25/11/2020

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.