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  #41  
Old 06-21-2019, 12:37 PM
actuary_truther actuary_truther is offline
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Hey actuaries, why don't we calculate how much money IFoA might have made from their discriminatory arrangements with IAI? IFoA has 6,000 student members from India.
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  #42  
Old 06-21-2019, 04:16 PM
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Quote:
Originally Posted by actuary_truther View Post
FIA stands for Fellow of Institute of Actuaries. Putting a star at the end doesn't change the fact you're a Fellow. The MRA text itself makes it absolutely clear one has the same rights and obligations as existing Fellows. The whole point of MRA, if done properly, is that actual qualifications are traded that are deemed equivalent.
Well, it is likely that your suit will get this changed given that the UK is planning to leave the EU, and all prior MR agreements will be null and void.
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  #43  
Old 06-23-2019, 05:34 PM
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But wouldn't IAI be the organization guilty of racism?

Last edited by 764dak; 06-23-2019 at 05:40 PM..
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  #44  
Old 06-24-2019, 03:36 PM
actuary_truther actuary_truther is offline
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Quote:
Originally Posted by 764dak View Post
But wouldn't IAI be the organization guilty of racism?
The Respondent subjected the Claimant to direct race discrimination by
directly or indirectly instructing, causing, inducing and or aiding the Indian
Actuarial Institute not to admit British nationals as students.

Read the Judgment for more details, paragraphs 154-155 for example:

https://assets.publishing.service.go...017_-_Full.pdf

Last edited by actuary_truther; 06-24-2019 at 03:46 PM..
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  #45  
Old 06-25-2019, 07:05 PM
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BREAKING NEWS:
Derek Cribb, CEO, is leaving the IFoA:
https://www.actuaries.org.uk/news-an...tive-step-down
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  #46  
Old 07-30-2019, 01:24 PM
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Finally in a newsletter IFoA has told its members about the case:
https://nwd.createsend.com/t/ViewEma...wAll=1&print=1
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  #47  
Old 07-30-2019, 02:13 PM
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Quote:
Originally Posted by actuary_truther View Post
Finally in a newsletter IFoA has told its members about the case:
https://nwd.createsend.com/t/ViewEma...wAll=1&print=1
for posterity:

Quote:
IFoA to appeal UK employment tribunal decision

A British student member recently brought claims against the IFoA, alleging discrimination on the basis of nationality compared to members domiciled in India. He claimed that the IFoA’s recognition of the Institute of Actuaries of India (IAI) examinations discriminated against British nationals by providing Indian domiciled students with more opportunities to sit examinations than for those of British nationality.


Such recognition arrangements with the IAI or any other actuarial association have been suspended since the autumn of 2018.


The case was heard by a UK tribunal which published its judgment in May 2019. The tribunal found against the IFoA on three out of four claims. This was principally on the basis of our association with the IAI; the tribunal concluded that the IAI had an admissions policy for student membership that had been discriminatory against British nationals.


The IFoA is naturally concerned by the outcome of this case. It has contested throughout its involvement in any discriminatory arrangement or understanding with the IAI. The IFoA is therefore disappointed in this aspect of the judgment and, on the advice of external lawyers, has lodged an appeal.
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  #48  
Old 07-30-2019, 02:15 PM
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If the IfoA wins on appeal, what will you do?
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  #49  
Old 07-31-2019, 07:26 AM
ishamael ishamael is offline
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Busy time for the IFOA on the legal front.
Slightly tangential, but looks like another one has been resurrected.
https://www.insuranceerm.com/news-co...-to-court.html
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  #50  
Old 07-31-2019, 07:54 AM
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Just heard from a few students that the IfoA just sent out a mass email regarding the cancellation of all exemption agreements with non-UK organisations.

This will be implemented by the 31st of July (today)

Seems that the IfoA recognises it lost the mapping fight, and is now responding.
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