The Frank Redington Prizes

An open essay competition that seeks to encourage and promote thought leadership in actuarial science.

Frank Redington Prize winners announced

The Institute and Faculty of Actuaries (IFoA) is delighted to announce the winners of the Frank Redington Prizes. 

This open essay competition, supported by major sponsorships from Milliman and Punter Southall, sought views on two topics. To download and read each entrants submission, please click on their name:

What would be a sustainable economic and finance system for the public interest?

The judging panel also decided to commend two entries by Professor Aled Jones Hon FIA and Sandy Trust FIA

What would be a sustainable and effective UK pension system for the people?

There was no clear winner in this category so the judges decided to equally commend three entries from:


Sir John Kay, Economist and Chair of the Judging Panel, said:

“We received a wide range of submissions for both topics covered by these prizes. It is clear that a lot of time, effort and serious thought has gone into the essays being considered by the judging panel. We found it fascinating to read about the original ideas and potential solutions being put forward which aim to tackle some of biggest challenges of our time. We would like to congratulate all those receiving the Frank Redington Prizes for demonstrating how actuarial science can help to solve these complex societal issues.”

Matt Saker, IFoA President, said:

"These prizes have been a continuation of our 2021 Thought Leadership series focussed on ‘Finance in the Public Interest’. They are part of a wider strategy to encourage and promote critical thinking in areas of actuarial science through a public interest lens and we’ve been impressed by the creative ideas from our winning and commended entries. We would like to thank our panel of judges for their time and interest in the Frank Redington Prizes. We would also like to thank our sponsors Milliman and Punter Southall for helping to support this endeavour.”

With thanks to our judging panel

Torsten Bell, 
Chief Executive, Resolution Foundation

Hon Group Captain Sally Bridgeland FIA
Chair and Non-Executive Director at asset management and insurance companies

Sir John Kay
Chair of the Judging Panel and Economist


Rt Hon David Heath CBE
Chair, IFoA Policy Advisory Group

With thanks to our sponsors

With thanks to your sponsors Milliman and Punter Southall