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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

  • 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.