The Actuaries' Code (“the Code”) has six principles which Members are to comply with in order to build and promote the confidence in the work of actuaries and the actuarial profession.
These six principles are:
- Competence and care
- Speaking Up
As one of the six key principles of the Code, impartiality is placed in sharp focus and states that:
“Members must ensure that their professional judgement is not compromised, and cannot reasonably be seen to be compromised, by bias, conflict of interest, or the undue influence of others.”
The IFoA's conflicts of interest materials includes:
Additionally, the IFoA has a mandatory pension Actuarial Profession Standard (APS) which includes a specific conflict of interest provision:
- Actuarial Profession Standard (APS) P1: Duties and Responsibilities of Members Undertaking Work In Relation To Pension Schemes
- APS P1v3 Conflicts FAQs
The IFoA has also previously produced case-studies focusing specifically on conflicts of interest:
- General Insurance Case Study
- Life Case Study
- Pensions Case Study
- Pensions, Life and GI Conflicts Case Study
Also, previous practice-specific presentations on conflicts of interest may also be of interest:
If you have any enquiries about non-mandatory guidance please email
Filter or search events
This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.
This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.
The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.
Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.
The role of actuaries within the health sector varies considerably from one country to another, due to differences in the local evolution of health systems and the funding models for health services.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.
This webinar looks at the many types of biases, both conscious and unconscious and the impacts they can have in the workplace. Raising our own awareness and understanding of the issues can help us avoid the pitfalls of unconscious bias in particular. We’ve all heard the phrase ‘office banter’ but are we sure that’s how those on the receiving end perceive it and is it ok to go along with it?