If there is no proper complaints process, what else are you meant to do? I have tried to focus on clearing my papers, they keep introducing new ones or changing the exam dates on me at the last minute. I am not whining and complaining, I am taking action. If no one had taken any action, you wouldn't know what the pass marks were for the exams, CA1 would be held on one day rather than split in two. If I hadn't complained to the IFoA, there would be a lot of contradictory information on the internet about Curriculum 2019. In fact even after complaining there still is. Mr Cribb still says in the annual report that current students will not be disadvantaged by the new exam system. 6,700 students are potentially impacted. It is only now when people start realising they haven't got the right combinations of exams that they come out of the woodwork... realising now rather than 2 years ago is the sign of a poor actuary.... the greatest actuarial failures have come about since actuaries do not speak up. Sitting there and doing nothing is a trait which you should perhaps try to dissuade rather than promote.
I would recommend reading the Actuaries Code
Also, the most recent development is that the government has ordered an investigation into the FRC who are the "regulator" of the IFoA. The manner in which the FRC has not spoken out against the wrong doings of the accountancy profession is why they are in this situation. This will also impact the IFoA. The FRC have done a very poor job of investigating my complaints against the IFoA and it is ironic that the FRC are now the subject of the latest scandal.
Google the latest news on the FRC or take a look at the Financial Times. Rather than learning obsolete material in CT6 and take the exam several times over, perhaps it is a better idea to read something more topical.
Last edited by a moderator: Jun 12, 2018