What will happen if I do not pay the fees that become due when I am transferred to Associate/Fellow?
If you do not pay the subscription fees within one month following your transfer to Associate/Fellow your transfer will not be complete. Your membership status will then revert back to Student/Associate.
Do I have to pay any subscription fees when I am transferred to Associate/Fellow?
Upon transferring to Associate/Fellow you will be required to pay the Associate/Fellow subscription fee minus any subscription fees that you have already paid during your year of transfer.
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Is there a reduced subscription fee for members on a low income?
If your gross taxable income falls below the threshold for your category of membership, you can apply for a reduced rate subscription. You can check the income threshold for each category of membership on the subscription information page.
When does my membership subscription fee become due for payment?
Membership subscription fees become due annually on 1 October. You should ensure that your subscription is paid by 31 October to avoid late payment fees which are applied on 1 November and on 1 December. View more information on subscriptions.
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If a member no longer requires their membership they should contact the membership team at firstname.lastname@example.org to inform of their intent and reason for resignation. Please note that the IFoA do not provide refunds if a member choses to resign before the end of the current subscription year..
How do I subscribe to one of the optional subscriptions such as SIAS or AFIR?
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I will be transferring to fellow soon but my subscription notice shows the student rate. What should I do?
You should pay the student subscription fee at the outset. When you have been transferred to fellow, you will be contacted by the membership team who will advise you of the balance of fees due upon your transfer.
How do I make a complaint?
Download the IFoA Membership Complaints Policy for full details.
- 9 November 2020
- 19 August 2020
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As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre.
Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities.
Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience.
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.
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.
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)
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.
Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
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.