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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

  • The Great Risk Transfer – Breakfast briefing and launch event

    Staple Inn Hall, High Holborn London WC1V 7QJ
    31 January 2019

    Spaces available

    Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.

  • Sessional Meeting - Silent Cyber Assessment Framework

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

    Spaces available

    The (re)insurance industry is faced with a growing risk related to the development of information technology (IT). This growth is creating an increasingly digitally interconnected world with more and more dependence being placed on IT systems to manage processes. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • CPD Member Event in Shanghai, China

    Function Room, F39, S1 Fuson Group, the Bund Finance Centre, No.600 Zhongshang East 2nd Road, Huangpu District, Shanghai Chinese address:BFC外滩国际金融金融中心,S1复星集团,39层报告厅,上海中山东二路600号
    9 December 2019

    Spaces available

    The IFoA’s President-elect Tan Suee Chieh will visit Shanghai. We will host CPD and Awards Presenting event on Monday 9 December 2019. The event is part of Mr Tan’s first presidential trip to China.

  • Professional Skills Training - London (10 December 2019)

    Staple Inn, High Holborn, London WC1V 7QJ  
    10 December 2019

    Spaces available

    This event will be of interest to students and recently qualified actuaries.

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020.  The content and discussion at this session is particularly tailored to actuarial students and newly qualified actuaries working in any area and the format is interactive, so you should come along prepared to take part in the discussions with your peers.

  • IFoA Joint Member Event with the Sunshine Insurance Group, Beijing China

    Room TBC, Kuntai International Plaza, No.12, Chaowai Street, Chaoyang District, Beijing 地址:会议室待定,北京市朝阳区朝外大街乙12号1号楼昆泰国际大厦
    12 December 2019

    Spaces available

    The IFoA’s President-elect Tan Suee Chieh will visit Beijing. We will co-host CPD and Awards Presenting event with the Sunshine Insurance Group on Thursday 12 December 2019. The event is part of Mr Tan’s first presidential trip to China.

  • ARC Sessional Research Event: Drivers of Mortality - Risk Factors and Inequality

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    6 January 2020

    Spaces available

    The authors will focus on a large dataset obtained from the UK’s Office for National Statistics (ONS) and related sources. Data are available at the level of Lower Super Output Areas (LSOAs) – small geographical areas with, typically, 1000-2000 residents and include death counts, exposures and a significant number of socio-economic variables including the index of multiple deprivation (IMD).

  • SIAS Event: My Journey to Data Science, Big Data and AI

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    7 January 2020

    Spaces available

    Patrick Lee is an actuary who has made the transition to working in software architecture and artificial intelligence (AI). He holds Microsoft Professional qualifications in Data Science, Big Data and AI and is currently working towards a DevOps (the automation of software testing and deployment) qualification. He is a member of the IFoA Council and is also President of the Wessex Actuarial Society. He is also a member of the IFoA and the RSS's joint Data Science Focus Group and will talk on the ethical use of AI. 

  • Spaces available

    This presentation covers the detail for how the matching adjustment is calculated. A small simple example spreadsheet is provided and discussed in detail.

    For actuaries wanting to get more involved with the matching adjustment, this is the opportunity to get a detailed description of the mechanics involved. This includes cashflows derisking, PRA tests as well as hypothecation.

    The presentation is provided by James Sharpe who has worked on a number of matching adjustment calculations with several firms.

  • IFoA Volunteer Recognition Reception

    Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR, UK
    15 January 2020

    Spaces available

    As a thank you to all our Institute and Faculty of Actuaries (IFoA) volunteers, you are invited to join us at Staple Inn Hall, for an evening of drinks, canapes and networking, in London.

    IFoA President, John Taylor, will be attending and will make a speech

    If you support the IFoA as a volunteer (member or non-member), or in any other role, and you are going to be in London on 15 January, please book your place and join us at this reception.

     

  • Sessional Meeting - Operational Risk Dependencies

    Royal College of Physicians of Edinburgh 9 Queen St Edinburgh EH2 1JQ
    20 January 2020

    Spaces available

    The Operational Risk Working Party aims to assist actuaries and others in the modelling and management of operational risk. One of the key challenges in modelling operational risk is the modelling of dependencies between operational risks, and between operational and non-operational risks such as market, credit and insurance risk. Their paper seeks to assist in this regard, and help develop good practice in setting assumptions and modelling operational risk dependencies. 

  • KSS event in Glasgow: Public Sector Pensions

    Hymans Robertson, Glasgow 20 Waterloo St, Glasgow
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Stirling: Public Sector Pensions

    M&G Prudential, Stirling Craigforth Campus, Stirling
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Edinburgh: Public Sector Pensions

    Hymans Robertson 1, Exchange Place, Semple St, Edinburgh
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • Professional Skills Training - London (11 February 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    11 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • Professional Skills Training - Edinburgh (25 February 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    25 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

    Assembly Rooms, 54 George St, Edinburgh EH2 2LR
    25 March 2020

    Spaces available

    What next in Economic Policy?

    Please join us on 25 March 2020 for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. 

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    The sixth annual Asia Conference once again offers a prestigious line-up of home and international speakers discussing the insurance and financial industry’s innovation and change in Asia. This year's conference in Kuala Lumpur will be hosted by Tan Suee Chieh, IFoA’s first Asian President. He will also make his Presidential address at this conference and will expand on the important elements of IFoA’s new strategy. 

    Additionally, this landmark conference will showcase how the IFoA is reinventing itself to support its members to succeed and thrive in a digital age, within traditional businesses and beyond, as a global organisation. 

    Not to be missed by international industry players, opinion formers, academic and industry leaders, actuaries and non-actuaries.