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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

  • 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.

  • The Great Risk Transfer – Breakfast briefing and launch event

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

    Fully booked.

     

    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.

  • Joint IFoA and SOAT Professional Skills Training event - Bangkok

    Thai Life Insurance PCL, 13th Floor, Meeting Room 13/2, 123 Ratchadaphisek Road, Din Daeng, Bangkok 10400, Thailand  
    7 February 2020

    Spaces available

    This session is jointly organised by the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries of Thailand (SOAT).

    Video case studies will be selected from the IFoA’s 2019/2020 online content which covers a range of topics under an overarching theme of “A Trusted Profession”. 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.

     

  • Cyber Risk Event

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    10 February 2020

    Spaces available

    What do good cyber practices look like and, to what extent, can we as an industry implement these operationally and recognise these for underwriting?

  • KSS event: Where now for pensions?

    Royal London Group, 1 Thistle Street, Edinburgh, EH2 1DG
    18 February 2020

    Spaces available

    With a single party government at Westminster holding a comfortable majority, and with the first phase of Brexit complete, the potential for radical reforms of the pensions landscape is increased. 

    Former Pensions Minister Steve Webb discusses what changes we can expect to see in pensions including in state pensions, pension tax relief, automatic enrolment and the workplace pension landscape.

  • 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.

  • Spaces available

    Investors globally are embracing ESG but what does this involve and can ESG be measured? Louise Dudley, Global Equity Portfolio Manager at Hermes Investment Management will outline the taxonomy often used when talking about ESG (exclusion, screening, engagement, sustainable, impact, responsible investing), talk about the importance of stewardship and engagement, and showcase evidence to the question as to whether ESG adds va

  • KSS event: How is Scotland’s population changing and what are the implications?

    New Register House, 3 West Register Street, Edinburgh
    5 March 2020

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

  • Highlights of the Life Conference 2019 - London

    America Square Conference Centre, 17, One Crosswall, America Square, London EC3N 2LB  
    11 March 2020

    Spaces available

    This event will cover the highlights from last year's Life Conference 2019 held in Dublin. The Conference Committee has reviewed session feedback and has put together a high-quality technical programme featuring the best-reviewed sessions from the conference. Book now to ensure your place.

  • Board agenda: Why Responsible Investing, ESG, and Climate Change matters to Pension Funds, Companies

    Staple Inn, 4 High Holborn, Holborn, London. WC1V 6DR, UK
    19 March 2020

    Spaces available

    Recent years have seen ESG, Climate Change, and Responsible Investing thrust onto the corporate agenda in every boardroom. The same also be said for pension funds. Expectations of how companies should respond are high and NEDs on Boards are expected to adapt and adjust their guidance to companies accordingly. What does this mean for Actuaries serving as NEDs and Trustees?

  • KSS event: A Cashless Society- Benefits, Risks, Issues and Developments

    Deloitte, 4th Floor, Saltire Court, 20 Castle Terrace
    19 March 2020

    Spaces available

    Speaker: Iain Collier, Chair of the CSWP

    The talk will look to cover the following: Progression towards a Cashless Society • Developments home and overseas • Benefits, Risks and Issues • Crypto Currencies and Central Bank Digital Currencies.

    There will be an extended Q&A session at the end of the event.

  • Spaces available

    What are the advantages of using artificial intelligence (AI) in investing? What are the differences between traditional quant and AI? This new webinar, part of a series of four webinars leading to the annual Finance & Investment Conference 2020, discusses challenges and the future of AI in the investment sector.

    We will look at:

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

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

    Spaces available

    The Brexit Budget: What next for the UK economy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming at Staple Inn - Vicky Pryce

    Staple Inn Hall, High Holborn, London, WC1 V 7QJ
    25 March 2020

    Spaces available

    This event will be live streamed from Edinburgh. 

    The Brexit Budget: What next for the UK economy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming

    Webinar
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us on 25 March 2020 for the live stream of our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • SIAS Event: CMI Update

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    1 April 2020

    Spaces available

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • Finance and Investment Conference 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    05-05 May 2020
    Spaces available

    Join us at this year’s Finance and Investment Conference in London that will focus on ESG. The environmental, social and governance (ESG) space is growing rapidly and increasingly moving centre stage. In many cases, it is now an essential part of policy and central to the way stakeholders make decisions for the long term to ensure retention of clients, manage risk better, and ensure more economically efficient and sustainable investment returns.

    ESG factors cover a wide range of areas reflecting how vital consideration of these factors are part of wider systemic risks.

  • Protection, Health and Care Conference 2020

    The Grand Brighton, 97-99 Kings Rd, Brighton BN1 2FW
    02-03 June 2020
    Spaces available

    The Protection, Health and Care Conference is an annual conference aimed at all insurance professionals with a passion for harnessing insurance risk in their organisations. The conference uses a combination of workshops by individuals who work at the coalface and ‘big name’ experts to explore how innovation, technological/medical advances, the political landscape and other market development will impact the Protection, Health and Care markets.

     

  • 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

    Join us at the IFoA Asia Conference 2020 at CCEC Nexus, Kuala Lumpur where intellectual thought leaders, senior industry players, opinion formers, academics, actuaries and non-actuaries from across Asia and beyond are expected to attend. This year's landmark conference promises to an exciting one as our first Asian President-elect, Tan Suee Chieh will, as newly appointed president of the IFoA, use his presidential address to highlight the two key pillars of the IFoA’s emerging strategy:

    • the reinvention of the profession in terms of its skillsets and mind-sets so that we can thrive in an increasing range of domains in a digital age;
    • the widening application of actuarial science in achieving social impact and sustainability goals.

    We are also delighted to announce that the Honourable Mr. Lim Guan Eng, Minister of Finance, Malaysia, will be the guest of honour at this year's conference.

    Early bird registration is now open until 1 March.  10% group discounts are offered to a minimum of six IFoA members booking in a single transaction.  Limited spaces are available, so please sign-up early to avoid disappointment.