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Regulation Board

The Regulation Board is responsible for the Institute and Faculty of Actuaries’ (IFoA’s) Regulatory Strategy.

The purpose of the Board is to help ensure public confidence in actuaries and their work by:

  • ensuring that the IFoA regulatory objectives are being delivered and remain appropriate;
  • authorising codes and standards relating to professional conduct and competence, including the CPD Scheme; and
  • overseeing the proper integration of the IFoA regulatory framework in all IFoA activities.

You can find out more in the Regulation Board Terms of Reference.

Governance

The Regulation Board is one of five Corporate Boards at the IFoA with delegated powers from Council. In 2016 the Board published its Refreshed Regulatory Policy Statement which summarises the IFoA’s regulatory policy. The Regulation Board reports to Management Board on its activities and progress and to Council annually on strategic matters. You can find out more about the relationship between the Regulation Board, Management Board, and Council in the Governance Manual of the IFoA.

Regulation Board members

The Regulation Board has a lay Chair, and its members include lay people and a balanced representation of member volunteers from different practice areas. The Board has one practitioner member from the IFoA's Council and the IFoA's General Counsel is also a member. The Board is supported by the IFoA Executive. All vacancies arising on Boards and their sub committees are advertised as volunteer vacancies on the IFoA website.

List of members:

  • Neil Buckley, Chair
  • Ben Kemp, IFoA General Counsel
  • Edwin Sheaf, Practitioner Member
  • Frank Devlin, Practitioner Member
  • Marcia Cantor-Grable, Lay Member
  • Matt Saker, Member from IFoA Council
  • Melanie Puri, Practitioner Member
  • Helen Brown, Lay Member
  • Sue Lewis, Lay Member
  • Simon Martin, Practitioner Member

View the members biographies

Executive support:

  • Leisha Watson, Senior Regulatory Lawyer (maternity cover)
  • Emma Gilpin, Head of Regulatory Policy

Meeting Information

The Regulation Board meets five times a year. Below you will find information about upcoming Board meetings, including dates and agendas, as well as minutes and papers from previous meetings. Minutes and papers are redacted as and when the Board considers it appropriate to do so.

Scheduled dates

  • 5 May 2021, London
  • 28 July 2021, London
  • 29 September 2021 (Strategy Day), Edinburgh
  • 10 November 2021, London

View all meeting minutes and papers

Regulation Board annual report

The Board has this year published its first annual report. The report is one of a range of measures recently adopted by the Board to enhance its transparency and accessibility for members and the wider public.

Read the annual report 2020

Sub-Boards and Sub-Committees

The Regulation Board is supported by a number of sub-boards and sub-committees which have been set up to help deliver the Board's objectives. The Board is also supported by various working parties and other groups which make recommendations for one off projects. You can find a table of the Board's various sub-boards and sub-committees below. For up to date information on working parties and other groups, please get in touch using the contact details below.

Sub-Committees

Contact Details

For more information please email the Regulation Board Secretary, Leisha Watson

leisha.watson@actuaries.org.uk

Level 2, Exchange Crescent · 7 Conference Square · Edinburgh · EH3 8RA

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Events calendar

  • Spaces available

    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.

     

  • Spaces available

    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
    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.

  • Spaces available

    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.

  • Spaces available

    Behavioural Science Webinar SeriesThe world is changing. The fourth industrial revolution, globalisation and the COVID-19 pandemic are up-ending traditional social and business norms around the world; changes that were once predictable and steady are now faster and more profound.

  • Spaces available

    Risk Management Webinar PrgrammeTools like python/R are being heavily used to provide end-to-end analytical solutions for risk management. They help to set up a framework/platform to collect risk data and work out stochastic analytics to provide insights into the risks faced by a firm, be it in any sector.

  • Spaces available

    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
    Spaces available

    Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.

  • Spaces available

    Given our commitment to the safety of our members and employees, and as the easing of restrictions in respect of COVID-19 cannot be guaranteed at this point in time, we have decided to hold our AGM virtually again this year.

    The Business of the AGM

  • Spaces available

    Join newly inaugurated IFoA President Dr. Louise Pryor as she explores what we need to do to keep abreast of the changing world – and how we can seize the resulting opportunities – in her Presidential Address, ‘A Learning Society’

  • Spaces available

    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.

  • Spaces available

    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.

  • Spaces available

    Risk Management Webinar ProgrammeInternal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible?  This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.