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:

+44 131 240 1325

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

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