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Diversity Advisory Group

The IFoA’s Diversity Advisory Group (DAG) is a Member Interest Group, which aims to support members around diversity and inclusion issues in the profession, against a backdrop of high profile industry reviews and targets. The group is chaired by Chika Aghadiuno

The Diversity Advisory Group (DAG) is a Member Interest Group which aims to directly support the IFoA in developing, delivering and evolving its strategic diversity objectives.The DAG seeks to do this by leading work-streams on:

  • Toolkits to share best practice
  • Campaigns to promote diversity amongst IFoA members, volunteers and staff
  • Resource & Capability to maximise our online and physical reach and impact
  • Mentoring through project AMP
  • Events including the Monica Allanach lecture 
  • Data to inform actions and strategy, and to measure progress
  • Communications to promote the diversity agenda

Members of the MIG who are interested in supporting one of these work streams should contact diversity@actuaries.org.uk

IFoA Diversity Advisory Group Mission Statement

Actuarial Mentoring Programme (AMP)

The DAG played a key role in establishing the AMP in 2017. The AMP, a pilot mentoring scheme designed to stem the early exit of females from the profession, is being run by specialist mentoring consultancy Moving Ahead in collaboration with the IFoA and Pensions Insurance Corporation (PIC). Senior male and female mentors will be matched with recently and nearly qualified female actuaries. All matches will be cross-functional and inter-disciplinary. 

The places are being offered to employers of actuaries, although ten spaces will be reserved for actuaries returning to work after maternity leave, those who are currently looking for work, or those from smaller firms.

Moving Ahead has created a short film about the benefits of participating in the scheme (below). To find out more contact Tay Bennett  (Tay@moving-ahead.org

Research:

  • Report: Bringing the Benefit of Gender Diversity to All: First Steps: This 2015 report brings together the recent research on gender diversity in the workplace, and applies it to the actuarial profession, setting out findings and recommendations for the IFoA
  • WORK Diversity survey 2015: Results and Recommendations: WORK, an independent market research organisation, conducted research on gender diversity in the profession on behalf of the IFoA. All members of the IFoA were invited to participate in the survey. The report sets out WORK’s key findings and recommendations, as well as how we intend to take their recommendations forward. The slides attached to the report contain the raw data – where there is a significant difference in how men and women responded, we have provided the split results.

Events:

  • The IFoA held its first Girls – Count us in event in London on 10 October 2018 and one in Edinburgh on 14 November 2018, aimed at girls and young women who are interested in pursuing a career in STEM and therefore potentially a career as an actuary.  Both events were targeted at women aged 14 to 20 and were very well received.
     
  • One of the sessions at the November 2018 CPD co-ordinators briefing was a panel session on diversity and what steps firms could take to support diversity.  You can watch the video of the presentation in the IFoA VLE.   
     
  • #PressforProgress campaign
  • The Carrot, the Stick and Strategies for Success: Harnessing the power of diversity and inclusion at work.  13 February 2017.

  • Leading by Example: Diversity Panel - the IFoA joined forces with the Morton Fraser Business Women’s Network to co-host a joint panel event (14th April) entitled Leading by Example: Diversity in Business.  Around 60 delegates attended the event at Morton Fraser’s Edinburgh office, which was heavily oversubscribed.  The panel was made up of Linda Urquhart OBE; Fiona Morrison, Lady Susan Rice CBE and Tanya Castell.  Covering a breadth of issues relating to diversity of all kinds in business, the event encouraged women to act as supportive role models for other women and take courage from their own abilities while recognising competence in others.

    The event was filmed.  Non members can view the film below.  IFoA members should use our virtual learning environment to enable CPD to be vertified.

     

  • The Elephant in the Room: The Diversity Questions You’ve Always Wanted to Ask, 14 March 2016. This event features a panel of experts, including Helena Morrissey, founder of the 30% Club and CEO of Newton Investment Management, Jeremy Spira, Thinking Ahead Group, Willis Towers Watson, and Siobhan Martin, Human Resources Director for Mercer UK. All experts in the field of diversity, they share advice, strategies for success and tackle the trickiest questions the audience care to throw at them

    The event was filmed.  Non members can view the film below. IFoA members should use our virtual learning environment to enable CPD to be vertified.


     

  • Monica Allanach Lecture: Sex in the 21st Century, 15 July 2015. The lecture was named after the first female actuary on Council, Monica Allanach, and was sponsored by her long term employer, The Prudential. The lecture was given by Kathryn Morgan, Director of Regulatory Operations at the Gibraltar Financial Services Commission. A summary of the event was featured in The Actuary

Resources:

Are you interested in getting involved in diversity at the IFoA? If you would like to join this group please email your interest to migs@actuaries.org.uk

 

Related documents

Contact Details

If you want more information about Member Interest Groups, or would like to start one, please contact the Professional Communities Team:

memberInterestGroups@actuaries.org.uk

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Events calendar

  • Pensions Conference 2019

    Bristol Marriott Hotel City Centre, 2 Lower Castle Street, Old Market, Bristol, BS1 3AD
    18-19 June 2019
    Spaces available

    Five plenaries and 13 workshops cover current topics and industry trends in the Pension sector with the opportunity to develop your network at the pre-conference evening dinner (18 June).  There is also a day ticket option available for the 19 June. 

  • KSS event – FinTech and The Actuarial Profession

    EY, Atria One, 144 Morrison Street, Edinburgh
    19 June 2019

    Spaces available

    This KSS talk from FinTech Scotland's CEO will explore the mission to create an integrated Fintech ecosystem through provision of funding, support, infrastructure and talent that recognises and responds to the needs of all stakeholders - and the overarching aim for Scotland to be one of the top 5 Fintech global leaders by 2020.

    To book your place, please email Barry_Shannon@standardlife.com 

  • Current Issues in General Insurance (CIGI) 2019

    Inmarsat, 99 City Road, London, EC1Y 1BJ
    19 June 2019

    Fully booked.

    CIGI is a well-established one-day seminar designed to increase awareness and encourage discussion on a variety of topical issues across the general insurance industry. 

    There will be an excellent and diverse line-up of speakers to provide a variety of perspectives and challenge covering technical and professional areas. 

  • Cass Event – New Thinking about Deferred Annuities

    Cass Business School, Executive Education Facilities 200 Aldersgate St, London EC1A 4HD
    25 June 2019

    Spaces available

    Our motivation for discussing this important subject comes from some exciting recent research which has analysed the impact of behavioural factors on the decision to purchase an annuity. This work has shown that behavioural factors can explain the well-known low demand for immediate annuities but this research also identifies an important opportunity in relation to deferred annuities (DA). The research suggests that these factors lead to positive incentives to purchase a DA and that, for longer deferred periods, a DA could be an attractive product for both consumers and insurers.

  • IFoA/SAS Joint Professional Skills Training – Singapore

    Room 903, NTUC Centre, Level 9, One Marina Boulevard, Singapore 018989
    25 June 2019

    Spaces available

    The Institute and Faculty of Actuaries (IFoA) and Singapore Actuarial Society (SAS) are organising a joint Professional Skills Training (PST) in Singapore. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Webinar Series: Risk and Investment Conference 2019, 26 June

    These are online webinar events.
    26 June 2019

    Spaces available

    The IFoA’s Risk Management and Finance and Investment Boards are delighted to host a series of webinars covering a range of topical and trending topics ranging from climate related risks to Brexit.

  • AGM and Presidential Address 2019 + Volunteer and Member Drinks Reception

    The Hub  Castlehill Edinburgh EH1 2NE
    26 June 2019

    Spaces available

    Notice is hereby given that the ANNUAL GENERAL MEETING of the INSTITUTE AND FACULTY OF ACTUARIES will be held at The Hub, Edinburgh on Wednesday 26 June 2019 at 16.30 (Preceded by tea from 16.00) and followed by a PRESIDENTIAL ADDRESS given by John Taylor.

  • IFAM event - Actuarial Teachers’ & Researchers’ Conference 2019

    Institute for Financial and Actuarial Mathematics Department of Mathematical  Sciences The University of Liverpool Mathematical Sciences Building Peach Street Liverpool, L69 7ZL
    27 June 2019 - 29 June 2019

    Spaces available

    The Institute for Financial and Actuarial Mathematics (IFAM) at the University of Liverpool is pleased to host the 2019 Actuarial Teachers’ and Researchers’ Conference from 27-28 June 2019. This annual two-day event has been running annually now for many years, each time hosted by a different university, and provides all those interested in actuarial research and education a great opportunity to share their ideas and catch up on the latest developments.

  • IFoA/ASM Joint Professional Skills Training – Kuala Lumpur

    Menara AIA, Auditorium, 99 Jalan Ampang, 50450, Kuala Lumpur
    28 June 2019

    Spaces available

    The Institute and Faculty of Actuaries (IFoA) and Actuarial Society of Malaysia (ASM) are organising a joint Professional Skills Training (PST) in Kuala Lumpur. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • SIAS: The Impact of Air Pollution on Health and Life Expectancy

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    2 July 2019

    Spaces available

    Air pollution has gained increasing attention lately. Nicola Oliver, head of longevity and mortality research for Medical Intelligence, will discuss not only the impacts of air pollution on health and life expectancy but also how as an industry we should be addressing it.

  • Spaces available

    The actuarial profession has much to offer the world of banking. In this webinar actuaries with experience in various fields of banking will talk about the opportunities there are in banking; describing the actuarial aspects of the work they do as well as other roles within their area of banking.

  • Implications of 2019 IFRS 17 Exposure Draft

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    24 July 2019

    Spaces available

    Towards the end of June, the International Accounting Standards Board (IASB) is expected to publish an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022. To help IFoA members, the IFoA’s cross-practice Financial Reporting Group (FRG) is hosting an event at Staple Inn covering these developments. 

    For more information on the FRG please visit this webpage

  • KSS event – The Regulatory Perspective

    Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    5 September 2019

    Spaces available

    This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:

    • FCA business plan priorities
    • The future of regulation
    • FCA Engagement in Scotland
  • Sessional Research Event - Risk Margin Working Party

    Staple Inn Hall, High Holborn London, WC1V 7QJ
    9 September 2019

    Spaces available

    For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. 

     

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

  • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    2 December 2019

    Spaces available

    The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker.  Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.