IFoA

The Institute and Faculty of Actuaries (IFoA) is the professional body for actuaries in the United Kingdom and a significant international actuarial organization. It was formed in 2010 from the merger of the Institute of Actuaries (IoA) and the Faculty of Actuaries (FoA). The IFoA is headquartered in London and is a member of the International Actuarial Association (IAA). Members who reach the fellowship level are designated as FIA, meaning Fellow of the Institute and Faculty of Actuaries.

Education and standards: The IFoA administers actuarial education and professional examinations that lead to the FIA designation. It also sets ethical standards and continuing professional development requirements for its members. Examinations and training combine exams, practical assessments, and online components.

Governance and services: The IFoA is governed by a Council and a President, with committees covering education, standards, and member services. It maintains a code of conduct and publishes practice standards and guidance used by actuaries in the UK and globally. It also supports actuarial research and professional development resources.

Scope and activities: The IFoA's practice areas include life and pensions, general insurance, investment, health, and risk management. It engages with regulators and policymakers, contributes to international actuarial standards, and disseminates information through publications such as The Actuary magazine and various guidance notes.