How can the Regulatory Board of the IFoA be fit for purpose when it ignores serious allegations including widespread cheating?
Patrick John Lee
Founder of new actuarial organisation, inqa.group. A student union for IFoA students is next. Software Architect, Data Scientist, Actuary.
Isn't it absolutely extraordinary that the Board that is responsible for the integrity of the IFoA's exam system and regulation says "thanks for telling us about allegations of widespread cheating, and very poor service for students, and financial scandals, but we are really busy with other stuff".
This seems to me to be a major abdication of responsibility.
How can students or the public have any confidence that the Institute and Faculty of Actuaries' Regulatory Board are properly discharging their duty to hold the IFoA to account?
I don't see that there is any point in the Institute and Faculty of Actuaries having a Regulatory Board if it ignores (or treats as low priority) allegations of cheating and financial losses.