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The Actuary The magazine of the Institute & Faculty of Actuaries
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New disciplinary schemes for members of the Faculty and of the Institute

From 1 January 2004, for the first time since the foundation of the Faculty and of the Institute, there will be a unified complaints procedure for members of both organisations. The Faculty and the Institute will each implement new disciplinary schemes which will, to all intents and purposes, be identical. Because there are two legal entities there have to be two schemes but they share the same infrastructure so that, for example, an investigating actuary could work on both Faculty and Institute cases. There will, however, always be an actuary from the respondent’s own body on the Disciplinary Tribunal panel. The schemes also permit a single hearing, if needed, of allegations made against members of both the Faculty and the Institute.

In brief:

  • the new schemes will provide, through the investigating teams of an investigating actuary and case officer, speedier investigatory processes and, through the new adjudication panels, speedier conclusion of less serious cases;
  • the new schemes will also provide for public hearings by the disciplinary and appeals tribunal panels, to provide as much transparency as possible in the process, and introduce lay (ie non-member) participation into the management of the schemes, as well as the tribunal panel hearings;
  • separation of the schemes from the control of Councils will be strengthened by introducing a disciplinary board to govern the schemes and administer them on a day-to-day basis, and a disciplinary appointments committee to appoint the investigators, tribunal members, and others who carry out roles under the schemes. The Disciplinary Appointments Committee and the Disciplinary Board will both have independent lay chairmen.
  • the Disciplinary Board will provide an annual report to the profession.

Investigations which have already begun will be completed under the existing schemes and will not be transferred to the new schemes. This means that the existing arrangements will continue for a time in tandem with the new schemes.

The new schemes are on the profession’s website at, respectively, www.actuaries.org.uk/files/pdf/professional_affairs/discipline /scheme_faculty.pdf and www.actuaries.org.uk/files/pdf/professional_affairs/discipline/scheme_institute.pdf, together with a note on how to make a complaint under the new schemes, and a separate note on what to do, as a member, if someone makes a complaint about you.

Also on the website are descriptions of the roles under the schemes. If you are interested in serving your profession by working as an investigating actuary or a member of the disciplinary pool from which adjudication and tribunal panels are formed, please contact Caroline Instance, chief executive, who also acts as secretary to the Disciplinary Appointments Committee, email carolini@actuaries.org.uk.