The Actuaries’ Code is the ethical Code of Conduct to which all IFoA members must adhere. Following consultation a revised version of the Code came into effect on 25 September 2025.
The Code has six principles
- Integrity – Members must act honestly and with integrity.
- Competence and care – Members must carry out work competently and with care.
- Impartiality – Members must ensure that their professional judgement is not compromised, and cannot reasonably be seen to be compromised, by bias, conflict of interest, or the undue influence of others.
- Compliance – Members must comply with all relevant legal, regulatory, and professional requirements.
- Speaking up - Members should speak up if they believe, or have reasonable cause to believe, that a course of action is unethical or is unlawful.
- Communication – Members must communicate appropriately.
Download and read the Actuaries’ Code
You can download and read the current full Code (PDF, 1 MB)
Who does the Actuaries’ Code apply to?
The Actuaries’ Code applies to all members of the IFoA.
Guidance
The IFoA has developed non-mandatory guidance to support the principles and amplifications in the Actuaries' Code. It has advice for members to help them better understand the nature of their obligations under the Code and applying it in practice.
Access the guidance
- How to use the Guidance, Section 1: Introduction and Section 2: Application, Scope, and Status and Purpose
- Section 3: Principle 1 - Integrity
- Section 4: Principle 2 - Competence and Care
- Section 5: Principle 3 - Impartiality
- Section 6: Principle 4 - Compliance
- Section 7: Principle 5 - Speaking Up
- Section 8: Principle 6 - Communication
Training and education
The Professional Skills Training webinars and videos touch on various aspects of the Code and are available to watch through our Virtual Learning Environment (VLE).
When does the Actuaries’ Code apply?
The Code applies at all times to all Members’ conduct in relation to an actuarial role.
The Code also applies to all Members’ other conduct if that conduct could reasonably be considered to reflect upon the profession.
How does the Actuaries’ Code apply?
If you have any questions about your obligations under the Actuaries’ Code you may wish to submit your query to the Professional and Regulatory Support Helpdesk.
Failure by a Member to comply with the ethical requirements set out in the Code may lead to disciplinary proceedings under the IFoA’s Disciplinary Scheme.
Download and read our guidance as a PDF
Support
If you have any questions about the Code, you can contact the IFoA Regulatory Policy Team.
Resources
Conflicts of interest
Conflicts of interest is one of the key regulatory areas for the Institute and Faculty of Actuaries (IFOA) and its members
Speaking up
Speaking up plays a key role for IFoA members.
Professional and Regulatory Support Helpdesk
Disciplinary Committee
Non-mandatory guidance
The Institute and Faculty of Actuaries (IFoA) produces non-mandatory guidance for IFoA members, their employers and other stakeholders