About us
The Actuarial Profession represents the members of the Institute and Faculty of Actuaries externally, and regulates those members for the benefit of the outside world. The Institute and Faculty of Actuaries is the chartered professional body for actuaries in the UK.
The Profession's aims are to:
- promote the work of actuaries
- oversee the education of actuaries at all levels
- expand actuarial knowledge
- enforce professional and ethical standards
- cooperate with all other interested parties
- identify matters of public concern where the input and involvement of actuaries can be of benefit to society.
What makes a profession?
A profession is an occupation in which an individual uses an intellectual skill based on an established body of knowledge and practice to provide a specialised service in a defined area, exercising independent judgement in accordance with a code of ethics and in the public interest.