Employing a Chartered Actuary: what does that mean for your organisation?

If you’re operating in the financial sector, you’ll already understand the benefits of actuarial expertise. But actuarial science is continually evolving into new areas and applications.

More and more organisations, from governments to charities, multi national businesses to tech startups, are finding out what actuaries can add to their organisations.

What is an actuary?

Actuaries are experts who help you make decisions.

Using mathematical and risk analysis, behavioural insight and business acumen, they examine complex organisational issues, drawing insights that help decide how to address them.

What is a Chartered Actuary?

Actuaries who gained their qualifications through the Institute and Faculty of Actuaries (IFoA) can describe themselves as chartered.

As with other professions, chartered status for actuaries denotes regulatory distinction, offering assurance that the holder has the relevant qualifications and expertise, and adheres to the highest professional standards.   

Currently, anyone doing actuarial work may call themselves an actuary, regardless of their qualifications. Chartered status, however, may only be used by those who have achieved the level of qualification, professionalism and expertise demanded by the IFoA.

Chartered status of IFoA Fellows and Associates is a recognition of:

• rigorous professional qualifications
• skills developed through years of experience
• commitment to ongoing professional development
• adherence to the Actuaries’ Code

Recognising chartered designation

Chartered Actuaries can use the designations Chartered Actuary (Associate) or Chartered Actuary (Fellow).

They may also use these post nominals:

• AIA C.Act or AFA C.Act for Associates
• FIA C.Act or FFA C.Act for Fellows

You may also see badges like these on their professional profiles.

What does Chartered Actuary mean for me?

Chartered Actuary status is a widely recognised mark of regulatory distinction, that assures you and your stakeholders that your people are qualified and held to a protected, globally recognised standard.

That allows you to:

• enhance your professional reputation by employing practitioners widely recognised as highly qualified and at the top of their professional game
• assure your clients, stakeholders and wider audiences that your employees meet and adhere to globally recognised professional standards
• benefit from continually updated skills and knowledge supported by IFoA CPD

Helping your actuaries adopt chartered status

Direct your colleagues to our chartered actuary for members page, where they can update to chartered status.

FAQs for employers

Answers to common employer questions about Chartered Actuary status.

How can IFoA qualified actuaries in my organisation show their chartered status?

Encourage your colleagues to visit actuaries.org.uk/chartered-actuary-for-members, where we guide them through the process of changing their member record and designatory letters to show their chartered status. They can also download and share a digital badge to show their status. 

Will all IFoA qualified actuaries use the Chartered Actuary designation?

While we encourage all IFoA qualified members to use the Chartered Actuary designation and post-nominals, we understand that some qualified members may wish to continue to use their established designations.

Will those who attained IFoA membership through a Mutual Recognition Agreement (MRA) be able to use chartered designations?

Yes. Anybody admitted as an Associate or Fellow by a MRA will be entitled to use the appropriate chartered designation. MRAs are currently in place with: Actuaries Institute (Australia), Actuarial Society of South Africa, Institute of Actuaries India, Israel Association of Actuaries.

Chartered Actuary: In Person

Meet some of the people who daily use mathematical and risk analysis skills, behavioural insights and business acumen to look at complex issues and help decide how to address them.

We’ll be sharing member stories from around the world on a regular basis, so keep an eye out for updates.

In Person profiles

Masimba Zata FIA C.Act

Masimba Zata’s actuarial career sprang, like many others, from a love of maths. But while it had a traditional beginning, he’s now working in a decidedly non-traditional field.

“My career started off in pensions, then went into insurance,” he says. “I worked for various companies before moving into the technology sector with Moody's.

“I’m now a subject matter expert in the development of actuarial software, with an active role in the development of software products as well as managing and supporting my team.”

Read Masimba’s story

Share your story

We’ll be sharing member stories from around the world on a regular basis, so keep an eye out for updates. If you’ve employed an actuary who is helping to transform your organisation, we’d love to hear from you.