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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
  • Nicola Bevan, Lay Member
  • Shane O'Dea, Practitioner Member

View the members biographies

Executive support:

  • Elena McLachlan, Regulation Board Secretary
  • 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

  • 1 October 2020 (Strategy Day), Edinburgh
  • 17 November 2020, London
  • 2 February 2021, London
  • 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, Elena McLachlan.

elena.mclachlan@actuaries.org.uk

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

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Events calendar

  • Mortality and Longevity Webinar Series 2020

    Webinar Series
    22 July 2020 - 10 August 2020

    Spaces available

    View the full schedule of webinars in this series via this link.

    This webinar series will provide topical and practical updates and discussion on the latest thinking and innovations in mortality and longevity, and is designed to be very accessible to a broad range of experience.

     

  • Spaces available

    Part of the Mortality and Longevity webinar seriesAs an industry, it has been important to be able to look to the future to identify the next quantifiable risk. In this session, I will explore some of the less tangible, but none-the-less concerning risks to future health, such as the health risks associated with exposure to pesticides, ingestion of plastic in the food chain, and the hazards of indoor air pollution through exposure to volatile organic compounds.

  • Spaces available

    A Trusted Profession

    This free 1 hour CPD webinar is designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020 and is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC. 

  • Fully booked.

    This event is now fully booked. To join the wait list, please register here.

    Get ready for the new CPD Scheme launching on 1 September. Join us for a discussion on what the new Scheme will look like in practice. There will be an opportunity to field questions to the IFoA Executive on how the Scheme’s requirements will affect you.

  • Asia Conference Webinar Series

    Webinars
    1 September 2020 - 24 September 2020

    Spaces available

    There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia.  The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.

    This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.

     

  • Spaces available

    In this webinar we will provide an insight into enterprise-wide risk management in banking, showing similarities to the world of insurance as well as identifying differences. Just as insurance companies have to submit an ORSA, so bank’s have to submit their own equivalent, the Internal Capital Adequacy Assessment Process or ICAAP.

  • Spaces available

    This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements. 

    The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise.  In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities.