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
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
Quick links:
  • Home
  • The Actuary Issues
  • November 2018
11

Panel meeting - CPD

Open-access content 7th November 2018

On 13 August 2018, the Adjudication Panel considered an allegation of misconduct against Mr Ciaran Eunan James Deeney, AIA (‘the Respondent’)

It was alleged that he failed to comply with the Continuous Professional Development (CPD) requirements of the 2016/2017 CPD reporting year in that he failed to demonstrate that he undertook the appropriate minimum amount of CPD, or apply for an exemption, his actions being in breach of the integrity and compliance principles of the Actuaries' Code ('the Code').

The Panel was satisfied that Mr Deeney had breached the compliance principle of the Code, and was of the view that Mr Deeney's actions did not meet the highest standards of integrity expected of an actuary. However, the Panel was not satisfied that this departure from the highest standards amounted to a breach of the integrity principle of the Code.

The panel determined that there was a prima facie case of misconduct and it imposed a reprimand and a £1,500 fine.

In considering sanctions, the Panel had regard to the seriousness of the misconduct in addition to the aggravating factors. The Panel did not consider there to be any mitigating factors, although it noted that Mr Deeney argued that he should be categorised as retired as he had not gained any paid work; however, he would not have been considered to be retired under the CPD scheme for 2016/2017, as on 26 January and 4 February 2018 he said he had been available for work during that year. The level of fine imposed by the Panel reflects the failure by the Respondent to undertake the appropriate minimum CPD activity or apply for an exemption in the appropriate way, despite prompting by the IFoA. The Panel considered that this was a breach of the Respondent's obligations.

A copy of the Panel's full determination, including reasons for its decision, can be found on the IFoA's website at bit.ly/1OgDqKy


This article appeared in our November 2018 issue of The Actuary.
Click here to view this issue
Filed in:
11
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

IFRS 17 consultant

Hong Kong
Negotiable
Reference
118883

Wealth Investment Associate Manager

Edinburgh, Scotland / West Midlands, England, Birmingham / England, London
£40000 - £55000 per annum + bonus + benefits
Reference
118882

Lloyd's Managing Agency - Actuarial Analyst

London (Central)
Up to £65000 per annum + benefits
Reference
118881
See all jobs »
 
 

Most-Popular

 
 
 

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
​
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

© 2020 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited, Level 5, 78 Chamber Street, London, E1 8BL. Tel: 020 7880 6200