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 disciplinary and enforcement functions;
- overseeing the public interest regulatory aspect of the examination and admissions framework; and
- overseeing the proper integration of the IFoA regulatory framework in all IFoA activities.
You can find out more in the Regulatory Board Terms of Reference.
The Regulatory Board acts independently of Council in relation to the approval of the regulatory programme in the public interest. It reports to the IFoA Management Board on its activities and progress and to Council on strategic matters.
Regulatory Board members
The Regulatory 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 and Board members are appointed by the independent Regulatory Appointments Committee.
List of members:
- Neil Buckley, Chair
- Ben Kemp, IFoA General Counsel
- Edwin Sheaf, Practitioner Member
- Matt Saker, Member from IFoA Council
- Melanie Puri, Practitioner Member
- Helen Brown, Lay Member
- Sue Lewis, Lay Member
- Simon Martin, Practitioner Member
- Mike Smedley, Practitioner Member
- Stephen Redmond, Lay Member
- Leisha Watson, Senior Regulatory Lawyer
- Emma Gilpin, Head of Regulatory Policy
The Regulatory 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.
- 10 November 2021, virtual meeting
- 8 February 2022, TBC
- 26 April 2022, virtual meeting
- 5 July 2022, virtual meeting
- 27 September 2022 (Strategy Day), TBC
- 6 December 2022, virtual meeting
The annual report is one of a range of measures adopted to enhance transparency and accessibility of the Board for members and the wider public.
The Regulatory Board is supported by a number of Committes 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 Committees below.
For more information please email the Regulation Board Secretary, Leisha Watson
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