Institute of Actuaries
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The Institute of Actuaries is one of the two professional bodies representing actuaries in the United Kingdom. The Institute is based in England, while the other body, the Faculty of Actuaries, is based in Scotland. While the Institute and Faculty of actuaries are separate institutions, they work very closely together, and the professional qualifications and professional standards for actuaries are identical in each of them.
The Institute was formed in 1848 partly in response to the large number of Life Assurance companies that were failing. In 1884 the Institute of Actuaries was incorporated by a Royal Charter.
The Institute's slogan is making financial sense of the future.
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Membership Categories
In total there are approximately 15000 members of the Institute falling into the following categories.
- Student actuaries are members of the Institute who are taking exams. Once the exams are complete Students can become fellows.
- Fellows are full members of the Institute who have met the training demands, and have the right to call themselves 'actuaries'
- Associates
- Affiliates
Past Presidents
- 1848-1860 John FINLAISON (1783-1860)
- 1860-1867 Charles JELLICOE (1804-1882)
- 1867-1870 Samuel BROWN (1812-1875)
- 1870-1872 William Barwick HODGE (1802-1885)
- 1872-1875 Robert TUCKER (1815-1875)
- 1875-1878 John Hill WILLIAMS (1814-1887)
- 1878-1882 Arthur Hutcheson BAILEY (1823-1912)
- 1882-1886 Thomas Bond SPRAGUE MA LLD (1830-1920)
- 1886-1888 Archibald DAY (1830-1904)
- 1888-1890 William SUTTON MA (1842-1898)
- 1890-1892 Benjamin NEWBATT (1834-1896)
- 1892-1894 Augustus HENDRIKS (1834-1905)
- 1894-1896 Alexander John FINLAISON CB (1840-1900)
- 1896-1898 Thomas Emley YOUNG BA FRAS (1843-1933)
- 1898-1900 Henry William MANLY (1844-1914)
- 1900-1902 Charles Daniel HIGHAM (1849-1935)
- 1902-1904 William HUGHES (1839-1912)
- 1904-1906 Henry COCKBURN (1848-1936)
- 1906-1908 Frank Bertrand WYATT (1853-1929)
- 1908-1910 Sir George Francis HARDY KCB (1855-1914)
- 1910-1912 Sir Gerald Hemmington RYAN Bt (1861-1937)
- 1912-1914 Frederick SCHOOLING (1851-1937)
- 1914-1916 Ernest WOODS (1855-1932)
- 1916-1918 Samuel George WARNER (1858-1928)
- 1918-1920 Geoffrey MARKS CBE (1865-1938)
- 1920-1922 Sir Alfred William WATSON KCB (1870-1936)
- 1922-1924 William Peyton PHELPS MA (1865-1942)
- 1924-1926 Arthur Digby BESANT BA (1869-1960)
- 1926-1928 Sir Joseph BURN KBE (1871-1950)
- 1928-1930 Abraham LEVINE MA (1870-1949)
- 1930-1932 Harold Moltke TROUNCER MA (1871-1948)
- 1932-1934 Sir William Palin ELDERTON KBE PhD (Oslo) (1877-1962)
- 1934-1936 Charles Ronald Vawdrey COUTTS (1876-1938)
- 1936-1938 Henry BROWN MA (1876-1943)
- 1938-1940 Henry John Percy OAKLEY MC (1878-1942)
- 1940-1942 William PENMAN MBE (1880-1970)
- 1942-1944 Henry Edward MELVILLE (1883-1976)
- 1944-1946 Reginald Claud SIMMONDS (1888-1969)
- 1946-1948 Sir Andrew Herrick ROWELL MA (1890-1973)
- 1948-1950 Sir George Henry MADDEX KBE (1895-1982)
- 1950-1952 Frederick August Andrew MENZLER CBE BSc (1888-1968)
- 1952-1954 Walter Frank GARDNER CBE (1900-1983)
- 1954-1956 John Farrant BUNFORD MA (1901-1992)
- 1956-1958 Charles Florestan WOOD (1905-1979)
- 1958-1960 Frank Mitchell REDINGTON MA (1906-1984)
- 1960-1962 John Henry GUNLAKE CBE (1905-1990)
- 1962-1964 Kenneth Ascough USHERWOOD CBE MA (1904-1988)
- 1964-1966 Sir Herbert TETLEY KBE CB MA (1908-1999)
- 1966-1968 Bernard BENJAMIN PhD (1910-2002)
- 1968-1970 James Basil Holmes PEGLER TD BA (1912-1992)
- 1970-1972 Ronald Sidney SKERMAN CBE BA (1914-2002)
- 1972-1974 Geoffrey HEYWOOD MBE BA
- 1974-1976 Gordon Vernon BAYLEY CBE (1920-2004)
- 1976-1978 Charles Michael O’BRIEN MA
- 1978-1980 Peter Edward MOODY CBE (1918-2004)
- 1980-1982 Antony Robin Napier RATCLIFF
- 1982-1984 Colin Stewart Sinclair LYON MA
- 1984-1986 Peter Gerald MOORE PhD DSc
- 1986-1988 Marshall Hayward FIELD CBE
- 1988-1990 Roger David CORLEY CBE BSc
- 1990-1992 Hugh Hedley SCURFIELD MA
- 1992-1994 Leonard John MARTIN CBE
- 1994-1996 Christopher David DAYKIN CB MA
- 1996-1998 Duncan George Robin FERGUSON MA
- 1998-2000 Paul Noel THORNTON MA
- 2000-2002 Peter Nigel Stuckey CLARK MA
- 2002-2004 Jeremy GOFORD MA
- 2004- Michael POMERY
See also
External Links
- Official Site of the Institute of Actuaries and the Faculty of Actuaries (http://www.actuaries.org.uk)
- Actuarial News (http://actuarialnews.org)