The Council is elected from among the Fellow members of the organisation and acts as the strategic management, decision-making and policy-making body of the organisation.
The executive staff form the Executive Committee, while the President and President-elect are permanent invitees to meetings and receive all documents and correspondence related to the activities of the Committee.
A delegation from Council, including executive staff, meets with a delegation from the Financial Services Board (the regulatory authority) at least once a year.
The Executive Committee and Operational Boards are responsible for the day-to-day management of the Actuarial Society's affairs.
The Operational Boards are as follows:
- Stakeholders Board
- Operations and Member Services Board
- Professional Matters Board
- Education Board
Actuarial Governance Board
The Actuarial Governance Board provides external oversight and operates independently of Council.
Council established Practice Area Committees, which are responsible for the technical and research work related to the main practice areas. These are the Finance and Banking, Financial Risk and Enterprise Risk Management, Healthcare, Investments, Life Assurance, Microinsurance, Retirement Matters and Short-term Insurance Committees.
The Council Standing Committees support the Practice Areas Committees with Research, Treating Customers Fairly, AIDS and Continuous Statistical Investigations.
Council may appoint Task Forces to look into and report on certain matters from time to time.
The Council Member Forums are responsible for knowledge sharing, member support and identifying opportunities for the profession. The existing forums are the Social Security and Damages Member Forums.
The Disciplinary Committee deals with disciplinary investigations. Non-actuaries serve on this body.
Please refer to Professional Conduct for more information.
Actuarial Society Development Trust
The Actuarial Society Development Trust was established as a Public Benefit Organisation with the objective to support universities with grants, provide bursaries and fund actuarial research.
Organisational Structure Organogram (pdf)