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Regulatory Board

The Regulatory 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 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.

Governance

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

View the members biographies

Executive support:

  • Leisha Watson, Senior Regulatory Lawyer 
  • Emma Gilpin, Head of Regulatory Policy

Meeting Information

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.

Scheduled dates

  • 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

View all meeting minutes and papers

Annual report

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.

Read the annual report 2021

Read the annual report 2020

Committees

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. 

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

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    In this webinar, we will discuss how cause-of-death data from the Office for National Statistics can help us to understand how inequalities arise at the all-cause level. The key to understanding mortality inequality is to think about the chain that connects risk factors, relative risks, and cause-of-death mortality through to all-cause mortality.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.