You are here

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

Filter or search events

Start date
E.g., 28/09/2020
End date
E.g., 28/09/2020

Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • 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

    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

    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.