The Actuaries' Code

The changes made to the Code have the aim of ensuring that it remains relevant to the profession and reflects recent changes to the regulatory landscape.

The new Code was approved by the Professional Regulation Executive Committee (now the Regulation Board) following review by a working party and consultation with members and stakeholders.

The Actuaries' Code continues to apply to all our members and is made up of high level principles which members are expected to observe and which have the aim of protecting the public interest. Acting in accordance with the principles of the Code ultimately promotes confidence in the work of actuaries and in the actuarial profession as a whole.

When does the Code apply?

It applies at all times to members' conduct in their work as actuaries and is taken into consideration where members' conduct in other contexts could reasonably to reflect on the Institute and Faculty.

How does it apply?

A breach of the Code is not necessarily, of itself, grounds for disciplinary action.  However, where a member's conduct is called into question, failure to observe the Code may be taken into account by any Disciplinary Panel.

Resource Material

We have created some non-mandatory resource material for you in the form of questions and answers and case studies based on queries received about the Code which can be found here.

Support

If you have any questions about the effect of the changes, or your obligations under the Code in general, you may wish submit your query to the Professional Support Service via the portal on the IFoA’s website