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IFoA Buddy System

Helping members get in touch with members for independent peer support on career choices, professional advice and more

The introduction of this “IFoA Buddy System” service aims to provide IFoA members with access to experienced, qualified IFoA members who are willing to share their thoughts, experiences and skills with other members around the globe.

“Some of the most rewarding moments of my career have come from being able to help someone else move forward in their own personal journey as an actuary. I am therefore very pleased that the IFoA is setting up a new buddy system and I would encourage you to take part in this, not only to help more junior members of the profession, but also to help in your own personal development.”  Matthew Pearlman; IFoA Fellow

How it works

You will need to be a member of the profession to access a list of qualified members (the buddies) who are happy to hear from you. This list will initially contain the following information for each Buddy:

  • Name
  • Geographic Location
  • Email Address
  • Practice area (i.e. General Insurance, Finance and Investment etc.)

Please note: Initially we were trialling this in the general insurance, finance and investment, and risk areas only.  However, following very positive feedback from the pilot, we are now expanding this to all practice areas.

Please login to access the list.

The service is entirely free and is based on members volunteering to provide this support.  You should be aware that the IFoA does not monitor this service.  Any views expressed or advice, recommendations or guidance given by members via this service are not reviewed or endorsed by the IFoA.

The Buddy System is an excellent way to have an impartial, informed chat with an experienced actuary about any issues you may face as you make your way through your career. I look forward to hleping many actuaries and future actuaries as they move through this great profession of ours. Tim Jordan, IFoA Member

Want to become a “buddy”?

You will need to be a qualified member of the IFoA, and:

  • You will provide an avenue for another member to contact you and to arrange to meet/talk on a 1-2-1 basis with you (discussions may include long-term development goals, short-term career issues, sharing insights from experience)
  • By volunteering to get involved, you will be happy for your details to be shared with all members of the IFoA, via the members’ area of the website and you will respond to any requests that you receive
  • You will allow us to ask for some feedback from time to time to see how this is working in practice and to allow us to support you. We will adapt this request to suit you as much as we can and it will be as non-onerous as possible

Location is not a barrier, indeed we are keen to hear from qualified members around the globe.

If you volunteer to become a buddy you can, of course, step down at any time.  Please contact us as soon as possible if you find yourself in this situation, and we will remove your name from the list (even on a temporary basis) at the earliest opportunity.

Interested? Then please contact the IFoA Communities Manager.

Disclaimer

This service is facilitated by the Institute and Faculty of Actuaries (IFoA).  Other than facilitating this informal support and discussion amongst members, the IFoA plays no role in how the service operates, i.e. the IFoA does not oversee how, where and when members meet and does not monitor and/or endorse the advice, guidance or recommendations that may be given by any member, or the processes or procedures that any member suggests.  Nor is the IFoA responsible for the availability of, or follow up by, members to members.  The IFoA accept no liability (to the fullest extent permitted by law) for any loss, damage, or inconvenience arising as a result of a member’s use of this service.  The IFoA reserves the right at its sole discretion to exclude members from using this service if the IFoA considers that a member’s use is not in keeping with the purpose for which the service is provided. 

July 2018

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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.