The Members in a Firm are required to nominate one of themselves (generally, a Fellow
or Accredited Member) to the Institute for the position of Senior Actuary. The role
of the Senior Actuary is to ensure that the Members in the Firm, and the Firm itself,
are aware of Members’ responsibilities under the Code of Professional Conduct and
to ensure that the Firm has in place a process for Members in the Firm to seek guidance
on professional matters. The Senior Actuary is not personally responsible for other
Members’ conduct.
Further information relevant to the Senior Actuary is set out in Part B of the Rule
for Actuarial Firms (March 2011), a link to which is provided below. Part B of the
Rule for Actuarial Firms (March 2011) replaced the obligations that were set out
in the Code of Professional Conduct prior to November 2009.
Rule for Actuarial Firms
Proforma statements to nominate a Member to be the Senior Actuary of a Firm which is not a registered Consulting Actuarial Firm may be downloaded by clicking here.
Proforma statements to nominate a Member to be the Senior Actuary of a Firm which is, or wishes to be, registered as a Consulting Actuarial Firm may be downloaded by clicking here. Sections A and B only need to be completed if the Firm is already registered as a Consulting Actuarial Firm.
Delegating powers and responsibilities
Click here for further information
