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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.


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
  • 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.


Contact Details

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

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

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Events calendar

  • Finance in the Public Interest Series

    16 March 2021 - 23 March 2021

    Spaces available

    There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.

  • The price is righter

    16 March 2021

    Spaces available

    This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.

  • Spaces available

    This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)


  • Spaces available

    What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.

  • Spaces available

    Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work.