Members of the Faculty of Actuaries in Scotland and the Institute of Actuaries in England have voted to merge the two organisations. The new body will be known as the Institute and Faculty of Actuaries and will represent over 21,000 members around the globe.
Now that the vote has been cast, formation of the Institute and Faculty of Actuaries is subject to the approval of a new Royal Charter by the Privy Council.
Ronnie Bowie, President of the Faculty, said:
We can now build a unified, modern and outward looking professional body that reflects the goals and aspirations of our members. The diversity of our membership is a source of great strength.