Neil Buckley appointed as IFoA Regulation Board Chair

The Institute and Faculty of Actuaries (IFoA) is delighted to announce that Neil Buckley has been appointed as the new Chair of its Regulation Board. Neil is currently Chief Executive of the Legal Services Board. He will be stepping down from that role in August.

Neil Buckley, IFoA Regulation Board Chair, said:

“I am delighted to take on the role of the Chair of the Regulation Board. I would like to convey my thanks to my predecessor, Des Hudson. This is a time of uncertainty not just in the political sphere but also for the future regulation of the actuarial profession as changes are made to the Financial Reporting Council.

“A strong profession is supported and enhanced by effective regulation in the public interest. I look forward to working with Board Members, the Council and Members of the IFoA to build on the work of the Regulation Board and to help shape the key decisions that will be made about the regulatory framework.”

John Taylor, IFoA President, said:

“I want to extend a warm welcome to Neil as he begins his term as Regulation Board Chair. Regulatory accountability is core to the standing and reputation of all professions and the IFoA takes very seriously its Royal Charter responsibility to protect the public interest by maintaining the high standards with which its members are, rightly, associated.

“Neil brings a wealth of relevant senior leadership experience and a proven track record in professional regulation. I look forward to working with him as the IFoA navigates a period of significant change in its external regulatory and political environment.”

~ENDS~

Contact
Sonia Sequeira, IFoA Media Relations Manager
Tel: 07525 592 198
Email: sonia.sequeira@actuaries.org.uk

Notes to Editor

1. IFoA Regulation Board meets six times a year and has a lay Chairman. Board members include lay people and a balanced representation of member volunteers from different actuarial practice areas.
2. Neil Buckley is currently the Chief Executive of the Legal Services Board (LSB). The LSB is the oversight body for the legal regulators in England and Wales. Neil will be stepping down from this role in August.
   Neil is also a Board Member of the Valuation Tribunal Service and of the General Pharmaceutical Council. Before joining the LSB, Neil was Director of Investigations at Ofcom, where he led a team responsible for enforcing competition law and the regulatory rules that apply to the communications sector. Neil qualified as a Solicitor in 1990 and worked for a number of law firms in the City of London, specialising in international private arbitration.
   Neil has a Masters degree in Regulation from the London School of Economics and an undergraduate degree in law from Hertford College, Oxford University.

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 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 of London.

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.