Disciplinary pool – lay panel members
Closing date: 19 July 2023
We are seeking to appoint proactive individuals from a range of backgrounds, whether professional or otherwise, with an interest in professional discipline and standards to take on the role of Lay Panel Members in the Disciplinary Pool of the Institute and Faculty of Actuaries (IFoA).
We represent over 31,000 members worldwide, oversee their education at all stages of qualification and development throughout their careers, and regulate their conduct in the public interest. By joining the IFoA, members are making a personal commitment to high standards of education, competence and integrity.
The public, clients, users, employers and all those affected by actuarial decisions must be confident that Members of the IFoA will observe professional ethical codes and regulatory standards which justify that trust. Should things go wrong, we have developed disciplinary procedures in order to enforce our Members’ professional obligations.
Disciplinary Panels consider and determine professional conduct issues relating to a Member (current and former as applicable) of the IFoA. The majority of IFoA hearings relate to the determination of professional misconduct charges, but the remit of the role also extends to hearings under the Capacity for Membership and Readmission processes. Details of the Schemes can be found on our website: see formal rules and guidance. These rules contain details of all roles under the Schemes. A new version of the Scheme is expected to come into force in 2023.
Independent decision-making Panels consist of persons appointed from the Disciplinary Pool, with at least one IFoA member and one lay person. In addition, each Panel is assisted by a Legal Adviser. Assessment Panels, Disciplinary Order Panels and Adjudication Panels are held in private and decisions are made on the papers. Disciplinary Tribunal Panel and Readmission Panel hearings are usually public (“online” or “in person” events) following normal professional regulatory procedure.
Successful candidates will be eligible to apply for appointment to the Chairing Pool subgroup (which involves drafting judgements when sitting in the capacity of Chair). If you are interested in chairing opportunities please ask for further information on application.
Tasks which Disciplinary Pool Lay Panel Members are asked to undertake include:
- To act in a lay panel member role. This includes the opportunity to sit as a lay panel member and, as a member of the Disciplinary Pool, eligibility to apply for appointment to the Chairing Pool subgroup (which involves drafting judgements when sitting in the capacity of Chair).
- The appointment covers all aspects of disciplinary panel work carried out under the disciplinary schemes including:
- considering papers and sitting, in private, on an Assessment Panel to decide whether a Complaint should be accepted as an Allegation for investigation under the Scheme;
- considering papers and sitting, in private, on Disciplinary Orders Panel to determine whether a Disciplinary Order should be approved, varied or rejected;
- considering case papers in advance and sitting, in private, on an Interim Orders Panel to determine whether interim measures of restriction are necessary pending full investigation of a case;
- considering case reports in advance and sitting, in private, on an Adjudication Panel to determine whether there is a prima facie case of Misconduct and, if so, whether to refer the matter to a Disciplinary Tribunal Panel or invite the actuary (“Respondent”) to accept that there has been Misconduct and, if appropriate, any sanction(s);
- considering case papers in advance and sitting on a Disciplinary Tribunal Panel, normally in a public hearing, to determine a charge of Misconduct against one or more Respondents;
- considering case papers in advance and sitting on an Appeals Tribunal Panel for the purposes of hearing an appeal against a determination of a Disciplinary Tribunal Panel or refusal of readmission to membership following expulsion or exclusion; and
- considering case papers in advance and sitting on a Capacity for Membership Panel, in private, to determine whether any alleged Misconduct is directly related to a Respondent’s health;
- considering case papers in advance and sitting on a Readmission Panel, normally in a public hearing, to determine whether an individual who has been excluded or expelled from membership of the IFoA should be readmitted.
- The appointment also covers:
- considering case papers in advance and sitting on Disciplinary Panels convened under the CAA global process.
- considering papers in advance and sitting on Practising Certificate Committee Appeals Panels to determine an appeal against a decision of the Practising Certificates Committee to refuse a practising certificate application.
Key contacts and stakeholders
- Appointed by Regulatory Appointments Committee (RAC).
- Day to day point of contact: Judicial Committees Secretary (JCS).
- Key stakeholders: IFoA disciplinary oversight Boards and Committees; Convener of the Disciplinary Tribunal Panels; Convener of the Adjudication Panels.
The role attracts an honorarium of £300 per day and expenses incurred in the role are recoverable from the Institute and Faculty of Actuaries in line with the IFoA’s expenses policy.
This is a three year appointment made by the Regulatory Appointments Committee (“RAC”). It is renewable for a further three years at the discretion of the RAC.
As required depending on the number of cases per year. Lay Panel Members may be called upon to sit on two to six panels per year, dependent on case volume. Most Panels are convened online. An Interim Orders Panel and Adjudication Panel is normally only required to sit on a single day. Disciplinary Tribunal Panel Hearings and Capacity for Membership Hearings may take a single day or multiple days depending on the number of charges/Respondents and the complexity of the case.
Lay Panel members will also be expected to attend annual training. This is not remunerated and normally takes place online.
A Lay Panel Member will be someone who:
- Is a lay person, meaning a person who is not and has never been a member of the IFoA or any other actuarial body
- Is not a member of Council or a member and/or director of the FRC or carries out functions under the FRC Scheme.
- Has substantial regulatory, disciplinary, or professional or other relevant experience
- Is able to demonstrate clear, logical thinking.
- Is able to summarise complex matters succinctly.
- Is able to weigh evidence and reach sound, well-reasoned decisions.
- Is confident working with others to reach shared judgements and contribute to the drafting of agreed determinations.
- Can demonstrate an ability to consider carefully both sides in a complaint and approach each case with an open mind.
- Can demonstrate the ability to be fair and objective.
- Has good communication skills
- Has the willingness to undergo training for the role.
- Is confident using a variety of IT software packages and electronic communication methods, including experience of virtual hearings.
The IFoA’s indemnity arrangements cover those acting under the disciplinary schemes, both actuarial and lay.
Diversity, equity and inclusion
Diversity, equity and inclusion are more than just words for us. That’s why we are committed to creating a culture where everyone feels included and respected, and where no one is unfairly discriminated against. Consequently, we promote diversity, equity and inclusion in all our policies, practices and procedures, and actively encourage applications from a diverse range of potential candidates. All applications for our volunteering roles are considered on merit alone. For more information on our DEI commitments please see our DEI strategy.
How to apply
To express an interest in this paid role and apply, please email firstname.lastname@example.org by the closing date of 19 July 2023 providing the following information:
- Your CV (maximum of 2 pages) and full contact details
- A cover letter (maximum 500 words) with a synopsis of your relevant background and experience, a note of your reasons for wishing to take on this role, and an overview of what you feel you could bring to this role.
All expressions of interest will be considered and a short list of candidates will be invited to interview.
If you have any questions about the role or application process, or require any support to complete your application, please contact email@example.com.