I sent the following by email on 3 March 2022 to the Council email address: Open letter to IFoA Council To members of the Institute and Faculty of Actuaries (IFoA) Council that I was on for most of the previous decade: What have you let the IFoA become? None of the following are right, yetContinue reading “Open letter to Institute and Faculty of Actuaries Council members 3 Mar 2022”
Tag Archives: governance
My candid thoughts on the Disciplinary Committee’s reply to my open letter to it: extraordinary statements that inspire little or no confidence
I share my candid thoughts on receiving the Institute and Faculty of Actuaries’ Disciplinary Committee’s response to my open letter of 9 December 2021 to it. For ease of reference, I show my letter below in full, with the Committee’s response put below each of the 5 questions I raised (in sections starting “Committee’s”, in blue and enclosedContinue reading “My candid thoughts on the Disciplinary Committee’s reply to my open letter to it: extraordinary statements that inspire little or no confidence”
The Disciplinary Committee’s reply to my open letter asking it about compliance with the Nolan Principles
Yesterday I received a reply from the Disciplinary Committee to my open letter of 9 Dec 2021. Their reply is as follows: Dear Mr Lee I refer to your letter and on behalf of the Disciplinary Committee respond to your questions as follows: Question One The Disciplinary Committee, formerly the Disciplinary Board, supports and recognisesContinue reading “The Disciplinary Committee’s reply to my open letter asking it about compliance with the Nolan Principles”
The Institute and Faculty of Actuaries is breaking its Member Pledge: where are the results of the 2020 Member Satisfaction Survey?
The IFoA’s Member Pledge page says: Measuring the IFoA’s performance Each year the IFoA measures how satisfied its members are through an independently administered survey. This provides a measure of member satisfaction and engagement, which is then published. The 2020 Member Satisfaction survey ended over a year ago. Isn’t the Institute and Faculty of ActuariesContinue reading “The Institute and Faculty of Actuaries is breaking its Member Pledge: where are the results of the 2020 Member Satisfaction Survey?”
Open letter to the IFoA Disciplinary Committee: do you agree that the Disciplinary Board violated the Nolan Principles? Will you abide by them?
Public and non confidential Dear Disciplinary Committee of the Institute and Faculty of Actuaries (IFoA) (cc IFoA Council for information, please will both the Disciplinary Committee and the Council acknowledge receipt?) (Disclosure: I am a former IFoA member currently defending myself against a disciplinary case. But what follows relates to other cases and general principles,Continue reading “Open letter to the IFoA Disciplinary Committee: do you agree that the Disciplinary Board violated the Nolan Principles? Will you abide by them?”
IFoA Adjudication Panel kangaroo court: my request for someone truly independent to handle my complaint
Further to the IFoA’s reply of 29 September after I pressed them for an answer (https://improveifoa.wordpress.com/2021/10/01/ifoa-adjudication-panel-kangaroo-court-is-the-ifoa-breaking-its-own-rules-a-reply/), I sent this to them this morning: Dear [name] Thank you for your reply. I’m afraid that I remain unconvinced. Your reply below seems highly questionable to me including for the following reasons: Rule 2.41(i) of the relevant SchemesContinue reading “IFoA Adjudication Panel kangaroo court: my request for someone truly independent to handle my complaint”
My candid thoughts on the response I received from IFoA Disciplinary Board
It is now time to share my candid thoughts on receiving the Disciplinary Board’s response to my letter of 25 February. For ease of reference I show my letter below in full, with the Board’s response put below each of the 10 concerns I raised (in sections starting “Board’s”, in blue and enclosed within brackets),Continue reading “My candid thoughts on the response I received from IFoA Disciplinary Board”
IFoA’s compliance with its Actuaries’ Code rated very poor to poor by reddit/actuaryuk members: is this a “we must improve” or a “Meh” for the IFoA?
A few days ago I set up some polls on the reddit actuaryuk forum. The polls closed yesterday. For each of the 6 Principles of the IFoA’s Actuaries’ Code that every IFoA member must follow, the polls asked “The IFoA expects all of its members to comply with the Actuaries’ Code. As a regulator, itContinue reading “IFoA’s compliance with its Actuaries’ Code rated very poor to poor by reddit/actuaryuk members: is this a “we must improve” or a “Meh” for the IFoA?”
More major changes at the IFoA that weren’t on Council’s radar last year – Council being sidelined
Further to my previous post on this, the IFoA’s November 2020 Council minutes finally came out in early/mid April. I note further very significant changes that Council members were unaware of in early September: replacing 4 IFoA’s Corporate Boards (the Lifelong Learning Board, the Markets Development Board, the Policy & Public Affairs Board, and theContinue reading “More major changes at the IFoA that weren’t on Council’s radar last year – Council being sidelined”
Response received from IFoA Disciplinary Board
I received the Disciplinary Board’s response yesterday to my letter of 25 February. Their response is at: but for ease of reference I reproduce my letter below in full, with the Board’s response put below each of the 10 concerns I raised (in sections starting “Board’s”, in blue and enclosed within brackets):
improveifoa 