Where our members' fees are spent
At the IFoA we are committed to providing transparency and value for money. The figures below illustrate where our members’ subscription fees (£13,942k) will be spent over the next 12 months.
Member communication
Communities engagement
Discipline
Markets engagement
Policy and Public Affairs
Regulation
Governance
The Actuary magazine
IAA / AAE
Subsidy - exam and events
Journals and Library
Staple Inn
Employers
Membership services
Professionalism
Research
Universities
Total IFOA cost of service delivery (£29,919k)
Expenditure breakdown - Budget FY23/24
- The total IFOA expenditure budget is £29,919k (excluding future investment contingency), of which overheads account for 45% of all spend.
- Finance is the largest portion of overheads and includes some central costs such as insurance fees, credit card charges, audit fees etc.
SHARE THIS PAGE
NEXT PAGE: A year in numbers