You are here

Disciplinary and Capacity for Membership Schemes

Our disciplinary and capacity for membership processes are set out within our Disciplinary and Capacity for Membership Schemes

Find out more about our Disciplinary and Capacity for Membership Schemes

We have produced a range of notes for members who are facing a complaint, covering all aspects of the disciplinary process. This should help understand what is involved.

If you are interested in making a complaint about a member, please refer to our how to make a complaint webpage where you will find helpful information about the process.

Capacity for Membership process

This provides an alternative route to deal with issues that arise in rare cases where a Member‘s current capacity to hold membership is impaired and such impairment is directly relevant to the allegation or charge brought against them. The process is outlined in an information note.

What is defined as misconduct by the Disciplinary Scheme?

The Scheme defines misconduct as:

any conduct by a Member, whether committed in the United Kingdom or elsewhere, in the course of carrying out professional duties or otherwise, constituting failure by that Member to comply with the standards of behaviour, integrity, competence or professional judgement which other Members or the public might reasonably expect of a Member having regard to the Bye-laws of the Institute and Faculty of Actuaries and/or to any code, standards, advice, guidance, memorandum or statement on professional conduct, practice or duties which may be given and published by the Institute and Faculty of Actuaries and/or, for so long as there is a relevant Memorandum of Understanding in force, by the FRC (including by the former Board for Actuarial Standards) in terms thereof, and to all other relevant circumstances.

The Disciplinary Board issues guidelines to support the effective operation of the Scheme

Guidance Notes on Disciplinary Tribunals Covid-19 events 15 May 2020
Indicative Sanctions Guidance Note 30 January 2020

Regulations on the Approval of Nominations for Adjudication Panels 

1 August 2011

Regulations for Approval of Nominations to Disciplinary Tribunal Panel

1 August 2010
Guidelines for Panel Members on the Civil Standard of Proof  1 August 2010
Time Frames for Investigations and Proceedings under the Disciplinary Scheme 17 November 2017
Guidelines on the Maximum Fine at Adjudication Stage 1 April 2010
Supplementary Guidelines on the Imposition of Sanctions in CPD Infringement Cases 21 December 2016
Guidelines on the Imposition of Sanctions Involving a period of Education, Retraining, and/or Supervised Practice 30 January 2020
Publications Guidance policy 1 May 2019
Guidelines for Disciplinary Tribunal Panels and Appeal Tribunal Panels on the Award of Costs 7 May 2020
Writing Determinations Guidance policy 17 November 2017 

Related documents

You might also like

Contact Details

If you have any questions about the disciplinary process, please email

Filter or search events

Start date
E.g., 25/11/2020
End date
E.g., 25/11/2020

Events calendar

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • UK Town Hall 08:30-09:30

    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

  • Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.