Organisations we work with

The Institute and Faculty of Actuaries (IFoA) works closely and collaboratively with other organisations that are involved in the regulation of our members or their work

In some instances, we have entered into Memoranda of Understanding (MOUs) with these organisations. These MOUs set out the arrangements that we have with them regarding communication, co-operation, disciplinary matters and joint working practices. We review these MOUs on a regular basis to ensure that they are up-to-date and accurately reflecting the nature of our working relationships.

Organisations we have MOUs with

Currently the IFoA has MOUs with five organisations. These are the:

• Financial Reporting Council (FRC)
• Pensions Regulator
• Pension Protection Fund
• Financial Conduct Authority (FCA) (in particular, in relation to Designated Professional Bodies)
• Staple Inn Actuarial Society.

We have also entered into a communication protocol with the FRC that sits alongside our MOU with them. It provides further elaboration as regards our collaboration, notification and co-operation procedures in relation to matters which relate to our respective regulatory responsibilities.