Boards and committees
- Management Board
- Scottish Board
- Audit and Risk Committee
- Professional Regulation Executive Committee
- Qualifications Executive Committee
- International Committee
- Public Affairs and Consultations Committee
- CMI Executive Committee
- Practice area executive committees
Under delegated authority, in accordance with the scheme of delegations, powers and principles and with the strategy set by Council, Management Board has oversight responsibility for the operation and management of the Institute and Faculty of Actuaries and, in addition, to hold the Executive to account for their operational activities. Management Board meets monthly and reports regularly to Council on its activities and progress. Terms of reference.
Members of the Management Board are either members by virtue of their office or appointed by Council:
- Alan Phillips (Chairman to 1 July 2013)
- Alan Whalley (Chairman from 1 July 2013)
- Derek Cribb - Chief Executive
- David Hare - President
- Ben Kemp - General Counsel
- Memoria Lewis - Membership Director
- Martin Potter - Leader of the Scottish Board
- Nick Salter - President-elect
- Simon Sheaf - Council member
- Trevor Watkins - Director of Education
- One Council member vacancy
- Secretary: Marion Young
The main role of the Audit and Risk Committee is to ensure that the Institute and Faculty of Actuaries adopts a sound approach to financial management and that key risks are being identified and addressed. The committee has an oversight role rather than direct responsibility for financial and governance matters. The committee gives its views to management on the financial statements, external and internal audits, risk management and internal controls, as well as other ad hoc issues.
Members of the committee are appointed by Council:
- Iraj Amiri (lay chairman)
- Marjorie Ngwenya - Council member
- Irene Robinson (lay member)
- One Council member vacancy
- Secretary: Marion Young
The Scottish Board has the responsibility of maintaining and continuing to stimulate a robust and vibrant actuarial community in Scotland. The 10 members of the Council representing the Scottish constituency form the Scottish Board, which reports to Management Board:
- Martin Potter (Leader)
- secretary: Beth Montgomery
Professional Regulation Executive Committee
The Professional Regulation Executive Committee is responsible for all matters relating to professional affairs and is responsible for developing and monitoring a strategy for activities in that area.
- Sir Philip Mawer (chairman)
- Secretary: Christine McConnell
Qualifications Executive Committee
The Qualifications Executive Committee aims to maintain high standards of knowledge and competence in the Institute and Faculty of Actuaries.
- Mark Stocker (chairman)
- secretary: Trevor Watkins
- Nick Dumbreck (chairman)
- Nigel Masters (deputy chairman)
- secretary: Peter Stirling
- Gordon Sharp (chairman)
- Angus Macdonald (deputy chairman)
- Dave Grimshaw (CMI secretary)
- secretary: Marion Young
Public Affairs and Consultations Committee (PACC)
The purpose of the PACC is to advance the achievement of the public affairs element of the strategy of the Institute and Faculty of Actuaries
- Derek Cribb (chairman)
Other PACC members are the President, President-elect, Immediate Past President, Chairman of Professional Regulation Executive Committee, Martin Potter and Kate Angell.
Practice area executive committees
- enterprise risk management practice executive committee
- finance and investment practice executive committee
- general insurance practice executive committee
- health and care practice executive committee
- life insurance practice executive committee
- pensions practice executive committee
Enterprise risk management practice executive committee
- Jules Constantinou (chairman)
- Andrew Hitchcox (deputy chairman)
Finance and investment practice executive committee
- Chris Watts (chairman)
- Stuart Jarvis (deputy chairman)
General insurance practice executive committee
- Duncan Anderson (chairman)
- Colm D'Auria (deputy chairman)
Health and care practice executive committee
- Sue Elliott (chairman)
- Bill Baker (deputy chairman)
Life insurance practice executive committee
- Alastair Clarkson (chairman)
- James Crispin (deputy chairman)
Pensions practice executive committee
- Jim Boyle (chairman)
- Martin Lowes (deputy chairman)