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
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.