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Personal Details
As detailed in Regulations 19, 20 and 21 the IFoA maintains a register of members and each
member is responsible for ensuring that their details in the register are complete, accurate
and current using the website personal profile facility or otherwise by contacting the
membership team by email at membership@actuaries.org.uk.
All members should ensure that they have marked their employment details with a
predominant and functional work area. Signing up to the Member Interest Groups can also be
done online and we would encourage you to join these.
You may find this flowchart helpful in determining whether you are eligible to apply for retired
status.
Members classified as retired (category 7) will be eligible to pay the reduced subscription.
Partial Regulation
Fellows and Associates working outside the UK can opt to be regulated by another IAA
affiliated actuarial body and not by the Institute and Faculty of Actuaries. Completion of a
Certificate of Eligibility for partial regulation is required. This must be received by 31
December 2017
Please note that a late payment surcharge will be applied to all applications which are
received in November and December.
If the circumstances of a member on a reduced, retired or partial subscription changes during
the year they must inform the Membership Team who will discuss their options.
June 2017
Late payment surcharges
If subscriptions are not paid by 31 October a late payment surcharge of 10% will be applied, if
they are not paid by 30 November a 20% surcharge will be applied.
All members (paying by any method other than monthly direct debit)
If the subscription is paid by 31 October no surcharge shall apply.
If the subscription is paid between 1 November and 30 November, a 10% surcharge
shall apply.
If the subscription is paid between 1 December and 31 December a 20% surcharge
shall apply.
If the subscription is not paid by 31 December, the member shall be defaulted.
If the monthly direct debit mandate is not received before 31 October a 10%
surcharge will be added to the monthly payment in accordance with our late payment
fees.
If the monthly direct debit mandate is received between 1 November and 30
November a 20% surcharge will be applied to the monthly payment in accordance
with our late payment fees.
If the subscription is not paid by 31 December the member shall be defaulted.
Default of membership
If any member has not paid their subscription or submitted their direct debit mandate and paid
any applicable late payment surcharges by 31 December they shall be defaulted and their
membership of the profession shall cease.
Reinstatement
Resignation
Any member who wishes to resign their membership status, must inform the Membership
Team by email or letter before 31 December.
Transfer to Fellowship/Associate
Any Student/ Associate who transfers to Associate/Fellow will be required to pay the
difference between that subscription already paid as a Student/Associate and the subscription
due by an Associate/Fellow. Discretion will be applied to those Students/Associates
transferring on or after 1 July.
June 2017