On 25 January 2022, the Adjudication Panel considered an allegation of misconduct against Mr Robert Henry Johnson FIA (the respondent). The allegation relates to acting as chief actuary to Company A without holding the relevant Practising Certificate from December 2019 to June 2021.
The panel found evidence to support the allegation and associated breaches of paragraph 2.1 of Actuarial Profession Standard G1: The Chief Actuary in Non-Life Insurance (version 2.0) and paragraph 1.1 of the IFoA’s Practising Certificates Scheme (versions 1, 2, 3 and/or 3.2 as applicable). It upheld that his actions were a breach of the compliance principle in the Actuaries’ Code (versions 3.0) and determined that these allegations disclosed a prima facie case of misconduct.
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.
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