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News

Adjudication panel: Mr Ian Sissons FIA

Open-access content Wednesday 5th May 2021

On 10 and 17 December 2020 the Adjudication Panel considered an allegation of misconduct against Mr Ian Sissons FIA (the respondent).

The respondent held a senior position at Company B. Person A reported directly to the respondent and left the company in 2012. It was alleged that in 2013 the respondent advised Person A’s prospective employer of information that he knew or should have known was incorrect and in breach of the terms of a compromise agreement between Person A and her former employer. His actions were alleged to cause the prospective employer to not offer the job to Person A. While these allegations were upheld, the associated allegation that his actions in 2013 were dishonest was not. Separate allegations (also 2013), that he caused the prospective employer to provide differing reasons as to why Person A was not offered the job, were not made out.

It was also alleged that in May 2018 the respondent did not advise his employer that he had met with Person A in breach of an indemnity agreement between him and his employer. This was upheld.

Allegations that those actions, noted above as upheld, were in breach of the principles of compliance, integrity and communication in the Actuaries’ Code (version 2.0) and constituted misconduct in terms of Rule 4.2 of the Disciplinary and Capacity for Membership Schemes of the IFoA were found proved by the panel.

In considering sanction, the panel took into account all relevant information and was satisfied that the appropriate and proportionate sanction in this case was a reprimand and £7,500 fine.

A full copy of the published determination can be found at bit.ly/3adykm5

ACT May21_Full LR.jpg
This article appeared in our May 2021 issue of The Actuary.
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