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The Actuary The magazine of the Institute & Faculty of Actuaries
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Letters: DF Gilley (merger)

I do not see how the proposed merger will do anything to change attitudes nor do I see how the merger may make the actuarial establishment more effective.

There will be meetings of those able to attend them to discuss the merger proposal but as yet I have neither heard of nor have I seen any reasoned exposition of the necessity for it, nor the exposure of particular circumstances that inspired it, nor of the concrete advantages for the profession and its clients that the existing governance cannot provide. In a matter of such consequence as this, the assertions of our Establishment — which we are normally happy to take on trust — need to be substantiated if they are to carry conviction and this should be in print. This should be done before the vote in June, whatever time constraints may be envisaged, or else the proposal may not find favour.

DF Gilley
1 April 2008