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The Actuary The magazine of the Institute & Faculty of Actuaries

Joint Councils launch consultation with members

The Joint Councils of the Faculty and the Institute have launched a consultation on the current governing documents (Charter, Bye-laws and Regulations) for both bodies. The Councils believe these documents would benefi t from change, regardless of whether or not the Faculty and the Institute were to progress towards a merger.

This consultation, with members and students, was launched in October. All members and students will have the opportunity to make any comments or raise any concerns about the governing documents. A consultation paper, available at www.actuaries.org.uk/consultation_governing_documents.pdf, has been developed and explains the principles behind any potential change to the current governing documents, posing some specific questions.

Two consultation meetings will take place to allow members to share their views and comments on the documents: 17 November, 17.00-19.00 at Staple Inn, High Holborn, London WC1V 7QJ and 19 November, 17.00-19.00 at Maclaurin House, 18 Dublin St, Edinburgh EH1 3PP.

Comments about the documents can also be made as follows:
>> By e-mail to govcon@actuaries.org.uk
>> By completing the online consultation response form at www.actuaries.org.uk/members/consultation_governing_documents (log-in is required).
>> By post to: Joint Consultation Response, Staple Inn Hall, High Holborn, London WC1V 7QJ
>> On the merger discussion board at www.actuarialforums.com

The deadline for the receipt of responses to the consultation is 17.00 on Friday, 20 November 2009. These will then be considered by Joint Councils at a meeting in December.

Survey outcome
A number of eligible members took part in a recent online survey, designed to help Councils understand the factors that may have influenced voting behaviours in July. The online survey was sent to eligible members for whom the Profession holds an e-mail address, to maximise response rates and avoid the current disruption to UK postal services. The online survey gave respondents the opportunity to share their views about any factors that may have influenced their voting behaviours.

The two key messages that came out of the online survey were that most respondents believe that a single body is desirable in principle but many respondents had concerns about the proposed name and the proposed designatory letters that members could use. Joint Councils would like to find out more about members’ views on the issue of a name and designatory letters, and a survey of all members and students, specifically on these issues, will be launched in November.