Institute-Faculty Merger Fails

The results of yesterdays vote for the proposed merger of Institute and Faculty of Actuaries have been announced.

Surprisingly, the proposed merger failed to get enough votes in favour from the Institute members but interestingly it did receive sufficient support from the Faculty members, although the general feeling had been that were it to fail, it would have been because of Scottish opposition to the merger. The Institute and Faculty will therefore retain their separate identities and for the purposes of international actuarial decisions, Great Britain retains two votes instead of one on all appropriate committees.

Register for Actuarial Jobs

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s