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The Actuary The magazine of the Institute & Faculty of Actuaries
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Panel Hearing of Mr Ben Loon Vernon Tan


On 10 December 2019 the Disciplinary Tribunal Panel considered a charge of misconduct against Ben Loon Vernon Tan (the respondent). These were proceedings in the absence of the respondent.


04 MARCH 2020 | THE ACTUARY TEAM

The charge against the respondent arose as result of a failure to comply with the CPD schemes in 2016-2017. He was also charged with failing to co-operate with the IFoA. It was alleged that all or any of the charges constituted misconduct in terms of Rule 1.6 of the Disciplinary Scheme. 

The panel found all of the factual elements of the charge proved, and that the compliance principle was breached. The panel was satisfied that this was a case of misconduct.

The panel determined that the appropriate and proportionate sanction was a reprimand and a fine of £2,500. A copy of the panel’s full determination, including reasons, can be found on the IFoA’s website at bit.ly/2GZm7nR