The Institute and Faculty of Actuaries (IFoA) has played an active role in informing the Scottish Independence Referendum debate. Martin Potter, Leader of the IFoA's Scottish Board, comments on the resulting No vote

“Yesterday’s referendum was a momentous occasion in the history of Scotland and the UK.  The Scottish electorate has spoken and, while independence was not the outcome, there is clearly an appetite for constitutional change.  The IFoA looks forward to playing its part in informing that debate in areas where actuaries provide expertise such as insurance, pensions, and risk management, both in a regulatory capacity and the implications for the future growth of the financial services sector.

“As a not-for-profit royal chartered professional body, the IFoA has a duty to serve the public interest.  In this capacity we look forward to continuing to work with the governments in both Edinburgh and London.

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For further comment or to answer any questions that you may have please contact Annette Heninger, Media Relations Manager at the IFoA, on 07525 592 198 or by emailing annette.heninger@actuaries.org.uk

Editorial notes:

About the Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries (IFoA) is a royal chartered, not-for-profit, professional body. 

Research undertaken by the IFoA is not commercial. As a learned society, research helps us to fulfil two of our royal charter requirements; to further actuarial science and serve the public interest.  

Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues

Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.

Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.

The IFoA is available to provide independent expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.