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The Actuary The magazine of the Institute & Faculty of Actuaries

Crack the code


Derek Cribb
Derek Cribb

Last month, the revised Actuaries’ Code came into force, serving as an important reminder of the high ethical standards the public have come to expect from members of the IFoA. In the fast-paced world we live in, where disruption is the norm and professional challenges more prevalent, the need for this rigorous standard of professionalism is arguably greater than ever.

As your membership organisation, the IFoA has a responsibility to ensure the public interest is universally protected. While we look forward to supporting members in new fields, continuing to set the bar internationally in our qualifications standards, carrying out pioneering research, and innovating through collaborations in areas like data science, it is essential that we do not lose sight of our regulatory regime – ensuring it remains relevant, proportionate and appropriate. 

The Actuaries’ Code helps us achieve that, as it sets out principles that members recognise as part of their journey in the profession. The Code serves as our moral compass, helping members to navigate both everyday professional challenges and broader ethical questions. Here you’ll find a Q&A about the recent changes to the Code and why it has been updated. I hope that throughout your career you will find the Code a valuable and steadfast guide.  

PS – Remember that voting for Council elections is open until 12.00 (BST) on Monday 24 June so please do cast your vote if you are eligible.

Derek Cribb is the chief executive of the Institute and Faculty of Actuaries

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