Disciplinary Scheme Review

Following a review of both the Faculty and Institute disciplinary schemes and a period of consultation with members earlier this year, the Disciplinary Board has implemented the new disciplinary schemes shown below. The schemes which are identical in nature, are effective as of 1 July 2009. Any allegations of misconduct received after this date will be dealt with using the new schemes.

Current Disciplinary schemes

• Faculty of Actuaries' Disciplinary Scheme (effective from 1 July 2009) [pdf]
  
• Institute of Actuaries' Disciplinary Scheme (effective from 1 July 2009) [pdf]
  

Previous Disciplinary schemes

• Faculty of Actuaries' Disciplinary Scheme (effective from 13 September 2007) [pdf]
  
• Institute of Actuaries' Disciplinary Scheme (effective from 13 September 2007) [pdf]
  
• Faculty of Actuaries' Disciplinary Scheme (effective from 26 June 2006) [pdf]
  
• Institute of Actuaries' Disciplinary Scheme (effective from 11 April 2006) [pdf]
  
• Facing a complaint: guidelines for respondent actuaries [pdf]
  

Regulations from the Disciplinary Board

• Approval of appointments and nominations to Adjudication Panels
  
• Approval of appointments and nominations to Disciplinary Tribunal Panels
  
• Approval of appointments and nominations to Interim Orders Panels
  
• Nominations in the case of illness, absence or any other reason

Guidelines on procedures from the Disciplinary Board

The guidance below is currently under review following the implementation of the new disciplinary schemes.

• Adjudication stage: maximum fine [pdf]
  
• Arrangements for the manner in which certain decisions and determinations under the disciplinary schemes shall be published [pdf]
  
• Assignment of complaints for investigation [pdf]
  
• Civil standard of proof: guidelines for Panel members on [pdf]
  
• Costs awards: guidelines for panel members on [pdf]
  
• Sanctions: guidelines for panel members on the imposition of [pdf]
  
• Sanctions involving education, retraining and/or supervised practice: guidelines for panel members on the imposition of
  
• Sanctions: supplementary guidelines for use in CPD infringement cases [pdf]
  
• Setting and monitoring time frames for investigations and proceedings under the disciplinary schemes

Other procedure notes

• Guidelines on referral for Disciplinary Investigation by an Honorary Secretary [pdf]
  
• Guidelines on the respective roles of the Investigating Actuary and the Case Officer [pdf]
  
• Independent examiner - note for complainants about making a referral [pdf]
  
• Putting things right. Procedure for handling feedback, including complaints, about the complaints-handling, adjudication and tribunal procedures under the disciplinary schemes [pdf]
• Information for members facing an allegation under the Actuarial Profession's disciplinary schemes [pdf]

Memorandum of Understanding

To support the investigative process, the Actuarial Profession has signed a Memorandum of Understanding [pdf] which facilitates the exchange of appropriate information with the Pensions Regulator.