On 16-20 July 2018, the Disciplinary Tribunal Panel considered a charge of misconduct against Mr Robert Amos Oketch, FIA (the Respondent).
The Respondent, while resident in South Africa, was commissioned in 2012 by the Retirement Benefits Authority (RBA) to prepare an independent actuarial report relating to a Kenyan pension scheme for presentation to a RBA tribunal in Kenya. The charge against the Respondent alleged that between September 2012 and March 2013, while appointed to prepare the independent actuarial report, he acted inappropriately in the manner in which he conducted himself and some of the assertions he made in the report, including failure to have regard to the scheme rules and local legislation.
The Panel found the majority of the parts of the charge proved. Further, the Panel found overall the matters found proved amounted to misconduct.
The Panel determined that the only appropriate and proportionate sanction was expulsion, no other sanction reflecting the damage to the reputation of the profession (and to another of its members) caused by the actions of the Respondent. This is the appropriate sanction because the Panel determined that the misconduct found proved was of such gravity that the reputation of the profession and the public interest required that the member should no longer able to practise or claim membership of the profession. The Respondent may not apply for readmission for a period of four years.
A copy of the Panel's full determination, including reasons, can be found on the IFoA's website here.
