Letters: Ronnie Sloan FFA
We are indebted to the March issue of The Actuary for providing views from both camps on the Profession’s merger proposals but which leaves very little time for adequate discussion of a course that would consign two venerable professional bodies to the dustbin of history.
After emphasising the deadline of 16 June for the in-principle vote, the presidents’ letters refer only vaguely to “meetings or activities to exchange views with your colleagues about the arrangements”. Yet, some three weeks later, no further information seems to have appeared on the Profession’s website. Given the “not proven” verdict on the current pro-merger arguments, it is vitally important that adequate discussion of the proposals, including the very viable Contractual Agreement option put forward by the Faculty Task Force, takes place before the June vote.
Without this, those Faculty members who are unhappy at the current proposals may be left with no option but to requisition a Special General Meeting of the Faculty.
Finally, although ‘rebranding’ of the Profession is seen as a key driver for the merger, and it is stated that “this is not a takeover of one body by another”, it seems surprising that the presidents have declined to state categorically that NewProf’s name will not be either the Faculty or the Institute of Actuaries.
Ronnie Sloan FFA
11 March 2008
Editor’s note: A timetable for consultation is now available — see page 12. Details of informal consultation meetings were notified by e-mail to all members on 15 March. A requisition for a Faculty Special General Meeting was received from 10 Faculty members on 17 March. For more details, please visit http://www.actuaries.org.uk/Display_Page.cgi?url=/merger/index.html
The editorial team welcomes readers’ letters but reserves the right to edit them for publication. Please e-mail letters@the-actuary.org.uk
