In some instances, we have entered into Memoranda of Understanding (MOUs) with these organisations. These MOUs set out the arrangements that we have with them regarding communication, co-operation, disciplinary matters and joint working practices. We review these MOUs on a regular basis to ensure that they are up-to-date and accurately reflecting the nature of our working relationships.
Organisations we have MOUs with
Currently the IFoA has MOUs with five organisations. These are the:
- Financial Reporting Council (FRC)
- Pensions Regulator
- Pension Protection Fund
- Financial Conduct Authority (FCA) (in particular, in relation to Designated Professional Bodies)
- Staple Inn Actuarial Society.
We have also entered into a communication protocol with the FRC that sits alongside our MOU with them. It provides further elaboration as regards our collaboration, notification and co-operation procedures in relation to matters which relate to our respective regulatory responsibilities.
Related documents
Memorandum of understanding between the UK Actuarial Profession and the Pensions Regulator
Memorandum of Understanding between the Institute and Faculty of Actuaries and Board of the Pension Protection Fund
Memorandum of Understanding between the Institute and Faculty of Actuaries and the Staple Inn Actuarial Society
Communication protocol between the Institute and Faculty of Actuaries and the Financial Reporting Council
Memorandum of understanding between the Financial Conduct Authority (FCA) and the Institute and Facutly of Actuaries
Memorandum of understanding between the Financial Reporting Council and the Institute and Faculty of Actuaries in relation to oversight and technical actuarial standards
Memorandum of Understanding between the Financial Reporting Council and the Institute and Faculty of Actuaries