On 15-16 November 2021, the Adjudication Panel considered an allegation of misconduct against Mr Iwanik (the respondent).
It was alleged that during his attendance at a webinar in April 2021, the respondent posed a question using the online question and answer function that was inappropriate and/or offensive, in that he asked: “How exactly will promoting the culture of sodomy help the actuarial profession or its societal role?”
The panel upheld this allegation. It held that the respondent’s actions were in breach of the Integrity principle of the Actuaries’ Code (version 3.0). Such actions could cause offence and demonstrated a lack of respect and courtesy towards the webinar panel members and speakers, and others hosting the webinar.
The panel determined that these allegations disclosed a prima facie case of misconduct. In considering sanction, the panel considered all relevant information and was satisfied that the appropriate and proportionate sanction in this case was a reprimand and a fine of £2,000.
Find a full copy of the determination at bit.ly/IFoADeterminations
On 2-3 December 2021, the Adjudication Panel considered an allegation of misconduct against Mrs Kennell (the respondent). The allegations relate to the respondent’s role as a director of the trustee of an occupational pension scheme in the period 2014/2015 to March 2019.
The panel found evidence that the respondent failed to take all reasonable steps to comply with legal and/or statutory requirements, in that she: did not take all necessary steps to secure compliance with the requirement to obtain audited accounts for the years ending 5 April 2014, 2015, 2016 and/or 2017, as required by regulation 2(1) of the Occupational Pension Schemes (Requirement to Obtain Audited accounts and a Statement from the Auditor) Regulations 1996; did not provide members of the scheme with statutory money purchase illustrations for the scheme for the years 2015 and/or 2016, as required by regulation 17 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013; and did not report these breaches to the Pensions Regulator as soon as reasonably practicable, as required by section 70 of the Pensions Act 2004.
The panel upheld that the respondent’s actions were a breach of the principles of Competence and Care, and Compliance, in the Actuaries’ Code version 2.0, effective 1 August 2013, and determined that these allegations disclosed a prima facie case of misconduct.
In considering sanction the panel considered all relevant information and was satisfied that the appropriate and proportionate sanction in this case was a reprimand and a fine of £5,000.
Find a full copy of the determination at bit.ly/IFoADeterminations
