Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • January 2018
01

Capacity for membership scheme approved

Open-access content Tuesday 6th February 2018 — updated 5.50pm, Wednesday 29th April 2020

In December 2017, the membership of the IFoA approved the new capacity for membership scheme, which will come into force on 1 February 2018.


In December 2017, the membership of the IFoA approved the new capacity for membership scheme, which will come into force on 1 February 2018. 

The aim is to provide an alternative route for the IFoA to deal more appropriately with members facing disciplinary proceedings, where the alleged misconduct may be the consequence of serious ill health. 

Ill health includes all physical and mental conditions that may materially impact a member's current capacity to hold membership. The key requirement for referral under the scheme is that the health condition be significant and directly relevant to the alleged misconduct and be continuing. 

A key function of the capacity for membership panel is to balance the public interest risk posed by any established finding of fact together with a restorative and supportive approach to members, to allow, if possible, continued membership of the IFoA. 

By following this approach, the new scheme will support members whose capacity for membership is adversely affected, while still fulfilling our duty to uphold the public interest and the reputation of the profession.

In situations where an individual member is unwell and struggling to meet the requirements of membership of the IFoA, but where there is no allegation of misconduct, we would encourage you to engage with the membership team for support and advice. 

If you have any further questions regarding the capacity for membership scheme, please email Fiona Burrough, secretary to the disciplinary board, at [email protected] or browse the disciplinary scheme web page at bit.ly/2mm0T8db

This article appeared in our January 2018 issue of The Actuary .
Click here to view this issue

You may also be interested in...

Influence diversity within the IFoA

The IFoA’s Diversity Advisory Group (DAG) was set up in 2013 to address the lack of diversity within the actuarial profession. It is now seeking additional members to join the group, to help continue the conversation and drive key workstreams forward. 
Tuesday 6th February 2018
Open-access content

Call for nominations

Call for nominations - Jan 2018
Tuesday 6th February 2018
Open-access content

US announcement fuels speculation that tech giants could disrupt global healthcare market

Amazon, Berkshire Hathaway and JPMorgan Chase & Co have teamed up to create a new healthcare company, causing the share value of major US health and insurance firms to plummet.
Wednesday 31st January 2018
Open-access content

Record year for insurance-linked securities market

There were 35 catastrophe bonds worth a total of $10.7bn (£7.6bn) issued in 2017, signifying a record year for the insurance-linked securities (ILS) market.
Wednesday 31st January 2018
Open-access content

Bulk annuity market set for record 2018

The UK’s bulk annuity market is expected to grow strongly this year, with Willis Towers Watson (WLTW) predicting more than £15bn worth of deals over the course of 2018.
Tuesday 30th January 2018
Open-access content

Charity hero needed

Each year, the Worshipful Company of Actuaries (WCA) rewards an actuary who has made a significant difference to a charity. This may be through fundraising, volunteering or even helping to run a charity.
Tuesday 6th February 2018
Open-access content

Latest from January 2018

2

Weddings

Ian Singleton (RBS) and Jessica Brosnan (Conduent HR Services)
Tuesday 6th February 2018
Open-access content
2

Chocoholics unite!

On 27 September, about 20 members of the Worshipful Company of Actuaries and friends met in the Master’s Pimlico kitchen for a second chocolate tasting arranged in conjunction with master chocolatier William Curley. The chocolate was accompanied by a fine selection of red wines from the Master’s cellar.
Tuesday 6th February 2018
Open-access content
2

Actuaries at the palace

On 30 October, a party from the Worshipful Company of Actuaries made a private visit to the Queen’s Gallery at Buckingham Palace.
Tuesday 6th February 2018
Open-access content

Latest from no_opening_image

TPR publishes coronavirus guidance

The Pensions Regulator (TPR) has published guidance to help UK pension trustees, employers and administrators deal with the financial and regulatory risks posed by coronavirus.
Monday 23rd March 2020
Open-access content
web_p24_cat-and-fish_iStock-483454069.png

Sensitivity analysis: swimming lessons

Silvana Pesenti, Alberto Bettini, Pietro Millossovich and Andreas Tsanakas present their alternative approach to sensitivity analysis
Wednesday 4th March 2020
Open-access content
ta

IFoA adjudication panel: Mr Jack Wicks, student

On 30 October 2019 the Adjudication Panel considered an allegation of misconduct against Mr Jack Wicks (the respondent).
Friday 28th February 2020
Open-access content

Latest from inline_local_link

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from 01

2

Weddings

Ian Singleton (RBS) and Jessica Brosnan (Conduent HR Services)
Tuesday 6th February 2018
Open-access content
2

Chocoholics unite!

On 27 September, about 20 members of the Worshipful Company of Actuaries and friends met in the Master’s Pimlico kitchen for a second chocolate tasting arranged in conjunction with master chocolatier William Curley. The chocolate was accompanied by a fine selection of red wines from the Master’s cellar.
Tuesday 6th February 2018
Open-access content
2

Actuaries at the palace

On 30 October, a party from the Worshipful Company of Actuaries made a private visit to the Queen’s Gallery at Buckingham Palace.
Tuesday 6th February 2018
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Pricing Associate

Scotland / England, London
Up to £60000 per annum
Reference
149081

Outside IR35 - Reserving Contract - 6-8 months

London (Central)
Daily rate contract - outside IR35
Reference
149079

Actuarial Analyst - Longevity Reinsurance

England, London
Up to £55000 per annum
Reference
149080
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ