The Code has six principles.
- Integrity – Members must act honestly and with integrity.
- Competence and care – Members must carry out work competently and with care.
- Impartiality – 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.
- Compliance – Members must comply with all relevant legal, regulatory and professional requirements.
- Speaking up - Members should speak up if they believe, or have reasonable cause to believe, that a course of action is unethical or is unlawful.
- Communication – Members must communicate appropriately.
Who does the Actuaries' Code apply to?
The Actuaries’ Code applies to all members of the IFoA
When does the Actuaries' Code apply?
The Code applies at all times to all Members’ conduct in relation to an actuarial role.
The Code also applies to all Members’ other conduct if that conduct could reasonably be considered to reflect upon the profession.
How does the Actuaries' Code apply?
If you have any questions about your obligations under the Actuaries' Code you may wish to submit your query to the Professional Support Service.
Failure by a Member to comply with the ethical requirements set out in the Code may lead to disciplinary proceedings under the IFoA’s Disciplinary and Capacity for Membership Schemes.
Guidance
The IFoA has developed non-mandatory Guidance to support the principles and amplifications in the Actuaries' Code. It has advice for members to help them better understand the nature of their obligations under the Code and applying it in practice.
Access the guidance
- How to use the Guidance, Section 1: Introduction and Section 2: Application, Scope, and Status and Purpose
- Section 3: Principle 1 - Integrity
- Section 4: Principle 2 - Competence and Care
- Section 5: Principle 3 - Impartiality
- Section 6: Principle 4 - Compliance
- Section 7: Principle 5 - Speaking Up
- Section 8: Principle 6 - Communication
Download our guidance as a PDF
Download the guidance as a PDF
Training and education
The Professional Skills Training webinars and videos touch on various aspects of the Code and are available to watch through the VLE.
- Watch "Actuarial Interaction and Challenge"
- Watch "Speaking Up, Whistleblowing - What do we mean? Is there a Difference?"
Support
If you have any questions about the Code, you can contact the IFoA's Regulation Team.
Contact Details
If you have any enquiries about the Actuaries' Code please email
Filter or search events
Events calendar
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TPR Climate Change Guidance Consultation
17 August 2021
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 -
September 2021 - Exam Preparation Techniques Webinar
23 August 2021.
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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.
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 
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.