The Faculty was formed in 1856 by actuaries in Scotland with the object of uniting in one body those practising as actuaries in Scotland and of promoting actuarial education.

The first meeting of Council took place on 26 March 1856 at 21 St Andrew Square, Edinburgh. In 1931 the Faculty moved to permanent accommodation in St Andrew Square in a new building at number 23, having during the years since 1856 had its library and hall at various addresses in George Street, in York Place and in Queen Street. The Faculty moved from St Andrew Square in 1993 and after two temporary locations moved into their new accommodation at Maclaurin House, 18 Dublin Street, Edinburgh.

In 1868 the members of the Faculty applied for and obtained a Royal Charter of Incorporation under the name and title of 'The Faculty of Actuaries in Scotland'. This Charter, together with the Rules and Bye-Laws, constitute the governing instruments of the Faculty.

• See also: the Institute of Actuaries

The Council

The management of the Faculty is in the hands of a Council elected in terms of the Rules and consisting of a President, not more than four Vice-Presidents, not more than two Past- Presidents, one or more Honorary Secretaries, Honorary Treasurers, Honorary Editors, Honorary Librarians, such other additional Office-Bearers as may be required and not more than twelve other members.

Members' Handbook

The Members' Handbook is no longer printed, as all the information formerly contained in it is now available on the website. Please contact Marion Young with any comments.

• Members' Handbook index
  

Related links

• Joint Annual Report of the Councils, 2007/2008 [pdf]
• Faculty Annual financial statements, 2007/2008 [pdf]
• Royal Charter of Incorporation, Rules and Bye-laws
• The history of the actuarial profession