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Institute of Actuaries (Australia)

The Institute and Faculty of Actuaries (IFoA) and the Institute of Actuaries (Australia) (IAAust) signed a new Mutual Recognition Agreement (MRA) on the 06 October 2021.

You can view the Mutual Recognition Agreement (MRA) between the Institute and Faculty of Actuaries and the Institute of Actuaries of Australia (IAAust) here.

Joining the IFoA

As a Fellow of the IFoA, you will be recognised world-wide as having the qualifications, ethics, outlook and life-long support you need, empowering you to succeed at the very top of your chosen profession and to serve the public interest in the societies in which you live.

If you are Fellow of IAAust and would like join the IFoA as a Fellow, you can apply for mutual recognition under our Mutual Recognition Agreement (MRA) if you meet the following criteria:  

  • You have attained Fellowship of the IAAust by completing the qualification requirements of IAAust (not solely in recognition of membership of another actuarial association)
  • You are entitled to practise as a member of the IAAust
  • In the event that there is no work experience requirement built into Fellowship of IAAust, you have completed, as at the date of your application, at least three years post-qualification practical work-based experience of actuarial practice
  • You undertake to adhere to such professionalism requirements as are required of IFoA Fellows from time to time; and
  • You authorise in writing the IAAust to release relevant records to the IFoA concerning any adverse disciplinary determination, finding, sanction and/or penalty, to which you been subject, in accordance with the IAAust’s disciplinary process.

You can find the full terms set out in the IAAust Mutual Recognition Agreement (MRA).

How to apply

If you meet the criteria above, simply complete the Application for Consideration as a Fellow of the Institute and Faculty of Actuaries for Fellows of the Institute of Actuaries of Australia (IAAust).

Please send your completed application to our Member Services Team.

Please check the application form and ensure you have included all documents.  You can send us digital copies of your signed application form and documents.

If you have any questions about your application, please contact our Member Services team, who will be happy to help you.

Joining the IAAust

We’re here to support you on your career journey, wherever in the world it takes you.

If you are a Fellow of the IFoA and would like to join the IAAust as a Fellow, you can find out how on the IAAust website.

Related documents

Contact Details

If you have any questions about mutual recognition please contact or telephone:

memberservices@actuaries.org.uk

+44 131 240 1325

We aim to respond to all initial enquiries within two working days.

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Events calendar

  • CILA 2022

    23 May 2022 - 24 May 2022

    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.

  • Spaces available

    In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.

    The Business of the AGM

  • The IFoA Conference 2022

    133 Houndsditch, London EC3A 7BX and Online
    22 June 2022 - 23 June 2022
    Spaces available

    We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.

     

  • Spaces available

    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

  • Spaces available

    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.