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Bye-Laws and Rules

General Meeting

A general meeting of the Institute and Faculty of Actuaries (IFoA) was held electronically on Friday 7 May 2021 at 12 noon BST, further to an electronic vote held between Wednesday 7 April and Wednesday 5 May 2021. The following motions were put to the meeting:

Motions from the Council of the IFoA proposing changes to the Disciplinary and Capacity for Membership Schemes (the Scheme)

1. Changes to the Scheme - Removal of governance provisions in relation to the Disciplinary Board and the Disciplinary Appointments Committee

A resolution to make the amendments to the Scheme, as shown in red text in Appendix 1, was passed by a simple majority of members entitled to vote and voting at the general meeting (in accordance with Bye-law 27).

2. Changes to the Scheme - Amendment to definition of Member

A resolution to make the amendments to the Scheme, as shown in blue text on the final page of Appendix 1, was passed by a simple majority of members entitled to vote and voting at the general meeting (in accordance with Bye-law 27).

View the Report of Voting from Civica Election Services

With these Motions having now been formally approved by our members, the changes to the Scheme will take effect from Tuesday 1 June 2021, as previously advised in the formal Notice of this meeting.

An updated version of the Scheme will be published on the IFoA's website (as a standalone document, and as incorporated with the IFoA's combined Charter, Bye-laws, Rules and Regulations document) on 1 June 2021.

Queries

If you have any queries about these amendments to the Disciplinary and Capacity for Membership Schemes, or about the Scheme more generally, please email Disciplinary Enquiries.

If you have any queries about the IFoA's Bye-laws and Rules, please email James Harrigan, the IFoA’s Corporate Secretary.

Related documents

Contact Details

James Harrigan, Corporate Secretary

James.Harrigan@actuaries.org.uk

I will try to respond to email queries within five working days.

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Events calendar

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    Mathematical Futures: The Actuary in a World Transformed – Sir Adrian Smith will outline how advances in data science, machine learning and artificial intelligence in the world of big data will transform the nature of many industries, including financial services. The broader environment within which mathematics is applied will change rapidly, often led by innovative yet disruptive forces outside. These changes will undoubtedly have an impact on the work of actuaries - and the profession will need to adapt quickly to thrive.

     

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    The General Insurance (GI) Spring Conference is a result of the General Insurance Lifelong Learning Committee (GILL) combining this year’s 'Current Issues in General Insurance' (CIGI) and 'Technical Issues in General Insurance' (TIGI) conferences into a virtual webinar series over 19 – 25 May that will be available to watch online globally.

  • CILA 2021

    Available to watch globally in May.
    19-21 May 2021
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    This is a free webinar on the consultation on changes to the Practising Certificates (PC) Scheme.

    The proposals come from a recent review of the PC Scheme which was the first substantive look at the IFoA’s approach to the requirements and process for PCs since 2010. It responds directly to feedback received on how the current scheme works especially that received from members and PC Holders.

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    The webinar will look at several aspects of intergenerational fairness and our panel of experts will challenge you, society, taxpayers and generations X, Y and Z on key aspects of DB v DC pensions, public v private sector pensions, state benefits and key aspects of sustainability.

  • Pensions Conference 2021

    Online webinar series
    16-22 June 2021
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    This is a free webinar on the consultation on changes to the Practising Certificates (PC) Scheme.

    The proposals come from a recent review of the PC Scheme which was the first substantive look at the IFoA’s approach to the requirements and process for PCs since 2010. It responds directly to feedback received on how the current scheme works especially that received from members and PC Holders.

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    The paper “Asset liability modelling in the quantum era” shall be presented by its authors, Tim Berry and James Sharpe, and chaired by Andrew Smith, Assistant Professor in the School of Mathematics and Statistics at University College Dublin.

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