Access videos and mini case studies where scenarios are set around the Communication principle of the Actuaries’ Code:
- Members must communicate appropriately.
- Members must communicate in a timely manner, clearly, and in a way that takes into account the users.
- Members must show clearly that they take responsibility for their work when communicating with users.
- Members must take reasonable steps to ensure that any communication for which they are responsible or in which they have a significant involvement is accurate, not misleading, and contains an appropriate level of information.
- Where Members identify that a user of their work has, or is reasonably likely to have, misunderstood or misinterpreted the information or advice provided by them in a way that could have a material impact, Members should draw the user's attention to this.
Access videos and mini case studies where scenarios are set around the Competence and Care principle of the Actuaries’ Code:
- Members must carry out work competently and with care:
- Members must ensure they have an appropriate level of relevant knowledge and skill to carry out a piece of work.
- Members must continue to develop their knowledge and skills in a manner appropriate for their role and comply with the Institute and Faculty of Actuaries’ Continuing Professional Development (CPD requirements.
- Members must ensure their work is appropriate to the needs and, where applicable, instructions of user(s).
- Members must consider whether input from other professionals or specialists is necessary to assure the relevance and quality of work and, where necessary, either seek it themselves or advise the user to do so, as appropriate.
Access videos and mini case studies where scenarios are set around the Compliance principle of the Actuaries’ Code:
- Members must comply with all relevant legal, regulatory and professional requirements.
- Members must take reasonable steps to ensure they are not placed in a position where they are unable to comply.
- Members must, as soon as reasonably possible, disclose to the Institute and Faculty of Actuaries any conviction, adverse finding, judgement or disqualification of the type referred to in rules 4.8 to 4.11 of the Disciplinary and Capacity for Membership Schemes of the Institute and Faculty of Actuaries to which they are subject.
Access videos and mini case studies which explore ethical challenges which may arise when members are involved in data science related work.
Access videos and mini case studies where scenarios are set around the Impartiality principle of the Actuaries’ Code:
- Members must ensure that their professional judgement is not compromised, and cannot reasonably be seen to be compromised, by bias, conflict of interest, or the undue influence of others.
- Members must take reasonable steps to ensure that they are aware of any relevant interests that might create a conflict.
- Members must not act where there is an unreconciled conflict of interest.
Access videos and mini case studies where scenarios are set around the Integrity principle of the Actuaries’ Code:
- Members must act honestly and with integrity.
- Members must show respect for others in the way they conduct themselves.
- Members should respect confidentiality.
Access videos and mini case studies where scenarios are set around the Speaking up principle of the Actuaries’ Code:
- Members should speak up if they believe, or have reasonable cause to believe, that a course of action is unethical or is unlawful.
- Members should challenge others on their non-compliance with relevant legal, regulatory and professional requirements.
- Members must report to the Institute and Faculty of Actuaries, as soon as reasonably possible, any matter which appears to constitute Misconduct for the purposes of the Disciplinary and Capacity for Membership Schemes of the Institute and Faculty of Actuaries and/or a material breach of any relevant legal, regulatory or professional requirements by one of its Members.
- In addition to complying with any legal requirements to report matters to relevant regulators or other authorities, Members should also report to those bodies any behaviour that they have reasonable cause to believe is unethical or unlawful, and carries significant risk of materially affecting outcomes.
- Members must take reasonable steps to ensure users are aware of any substantial issues with a piece of work for which they are responsible or in which they have had significant involvement, if those issues might reasonably influence the decision-making or judgement of users.
