It incorporates some elements of the former coats of arms for the Faculty and the Institute. The new arms features the woolsack as a reference to Staple Inn, the hour glass and the wavy line as a reference to mathematical analysis, and the owls as supporters.
The arms will need a new motto. One suggestion has been “E Peritia Ratio” which broadly means “reason from experience” to indicate how actuaries use past experience to reason solutions for their clients.
The Council of the Institute and Faculty and Actuaries would like to hear suggestions from members about possible mottos. Please email your suggestions by 17.00 on 17 September to firstname.lastname@example.org