It's 5 days further on, and the IFoA (which is also appealing against being found guilty of racial discrimination) is still late with minutes
Patrick John Lee
Founder of new actuarial organisation, inqa.group. A student union for IFoA students is next. Software Architect, Data Scientist, Actuary.
The (too often) late Institute and Faculty of Actuaries
5 days later and neither the July 2022 Regulatory Board or September 2022 Disciplinary Committee minutes have been published.
Are the delays deliberate or just sloppiness? Who knows? The IFoA does have 7 people on its leadership team, 10 on its Management Board, and 29 on its Council including 3 members of the Presidential Team, 5 members of the Disciplinary Committee and 12 of the Regulatory Board (with some overlap). None of them so far seem to be embarrassed by the IFoA's repeated lateness. I know I would have been had this been brought to my attention when I was a Council member for 7 years, and a member of its Management Board for 2 years.
And what of the very long delay in publishing the results of the IFoA's 2020 Member Satisfaction survey, can that possibly be accidental?
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IFoA appealing against a ruling that it racially discriminated against British actuaries
I understand that the Institute and Faculty of Actuaries is appealing against the 2019 decision that it racially discriminated against Mr Davda and that hearings on this are happening towards the end of January 2023.
The judgment (https://assets.publishing.service.gov.uk/media/5ce6ae5640f0b62097dc35ec/Mr_R_Davda_-v-_Institute_and_Faculty_of_Actuaries_-_Case_Number_2207536_2017_-_Full.pdf)" included
"The Respondent subjected the Claimant to direct race discrimination by directly or indirectly instructing, causing, inducing and or aiding the Indian Actuarial Institute not to admit British nationals as students."
Are the dates of the appeal hearing(s) available and will members of the public be able to observe? Will what the IFoA says be consistent with what it has told its members and what it told courts in the past?
Its President recently told members that, in contradiction to what it appears the IFoA told courts in 2019 and earlier, many (most?) European actuarial qualifications fall far below its Fellowship qualification. Under Mutual Recognition Agreements that it has since rescinded (but only for new applications), the IFoA has in the past awarded hundreds of European actuaries Fellowship.