You are here

Volunteer Expenses Policy

The IFoA has a Volunteer Expenses Policy in place since 2016, which has had some revisions made in January 2020.

The principles and guidelines set out in the policy apply to every individual who supports the Institute and Faculty of Actuaries (IFoA), be that as a volunteer (member or non member) or in any other role

Download the Volunteer Expenses Policy.

The policy can also be found in the Volunteer Information Pack.

Why this (revised) volunteer expenses policy was introduced?

Grahame Stott, Chair of Management Board, explains:

This policy is a principles-based approach.  At the heart of this policy is the following:  we ask our volunteers (and all who support the IFoA, including IFoA staff) to stop and consider the following before agreeing to incur a charge:  “does the expense represent value for money for members and is there a budget from which this can be taken”.  All expenses must be approved before they are incurred, to allow for effective budgeting.

Please remember to contact your IFoA staff contact before booking travel to ensure it is covered under the policy.

In line with our diversity strategy we want to move away from volunteers meeting round a table in one of our offices.  We want to widen our opportunities to all members and to encourage more interaction and engagement to take place using collaborative tools including secure file sharing, video conferencing, and of course email. This will not only allow more members to get involved but it will save members time – avoiding unnecessary travelling time. Of course, we recognise there are times when someone physically has to be in a location to undertake their volunteer role/task, and that is absolutely fine and justifiable. The policy is flexible. We also recognise the merits in meeting face to face and building rapport but we ask you to keep this to a minimum (perhaps once a year).”

 

Contact Details

If you have enquiries about volunteering please contact the Engagement team

Engagement.team@actuaries.org.uk

The Engagement team will respond to your email within three working days and often sooner.

Filter or search events

Start date
E.g., 04/03/2021
End date
E.g., 04/03/2021

Events calendar

  • Finance in the Public Interest Series

    16 March 2021 - 23 March 2021

    Spaces available

    There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.

  • The price is righter

    16 March 2021

    Spaces available

    This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.

  • Spaces available

    This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)

     

  • Spaces available

    What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.

  • Spaces available

    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.