24 July 2025
Following careful review of all submissions, 黑料正能量 Regulatory Board has concluded that issues raised in the final feedback period on proposed changes to the Actuaries鈥� Code and supporting guidance do not amount to 鈥榝atal flaws鈥�.
This concludes an extensive consultation process with members, employers, and other stakeholders.
On 18 March 2025, 黑料正能量 Regulatory Board confirmed its decision to proceed with certain changes to the Actuaries鈥� Code (Code) and existing Code Guidance.
The decision to proceed with changes to the Code and guidance follows a period of extensive engagement with members, employers, and other stakeholders, including two full formal consultations in 2023 and 2024.
Following the decision to proceed with only some of the proposed changes to the Code and existing Code guidance in March 2025, 黑料正能量 Regulatory Board considered it appropriate to undertake an eight-week final feedback period, where members, employers and other stakeholders could highlight any significant objections to the changes.
The eight-week final feedback period closed on 13 May 2025. The Regulatory Board considered each of the objections raised during the feedback period, ultimately concluding that none of the points raised amount to 鈥渇atal flaws鈥�.
Therefore, the Regulatory Board concluded that no further revision or review of the proposed changes were necessary at this stage.
This means that changes to the Code and existing Code guidance will now come into effect on 25 September 2025.
To ensure members, employers and stakeholders have sufficient time to familiarise themselves with the changes, the revised Code and Code Guidance will come into effect on 25 September 2025.
The IFoA will provide a range of support to help members understand the new requirements, including a webinar and other materials prior to implementation.
You can find links to the proposed changes to the Code and existing guidance along with all consultation responses on our changes to the Actuaries鈥� Code 2025 web page.