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  #31  
Old 06-09-2019, 01:14 PM
actuary_truther actuary_truther is offline
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IFoA have not showed any remorse for their actions. They arrogantly thought they could go to Court and get away with it. They could outspend the Claimant on legal representation more than 10 times over. They cheated the claimant out of victory on the European claim by failing to disclose key documents and talking rubbish about a FIA* qualification that does not exist. Not a single qualified actuary has testified in favour of the IFoA in any of these cases brought against them. They don't even let members know about the cases or how much it cost them to defend. There is no complaints process provided for members to have discrimination complaints seen to by IFoA. If this case doesn't cause major changes at IFoA then nothing will and IFoA will suffer even more global disrepute for their conduct.

Last edited by actuary_truther; 06-09-2019 at 01:18 PM..
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  #32  
Old 06-09-2019, 07:05 PM
Kalium Kalium is offline
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Quote:
Originally Posted by actuary_truther View Post
... talking rubbish about a FIA* qualification that does not exist. ...
It may not be given a separate name, but within the IFoA most people know the difference between FIA (qualified through exams) and FIA* (through mutual recognition). And in particular, who has which designation.

It is certainly not the case that an FIA* automatically gets the same remuneration and recognition as an FIA - which seems to be an implicit assumption underlying some of the claims that mutual recognition is unfair.

So for practical purposes, it does exist.
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  #33  
Old 06-09-2019, 07:39 PM
Disgruntledactuary Disgruntledactuary is offline
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The fact of the matter is that FIA* is not defined. Nowhere and not even upon request was it defined. Many actuaries do not use it on their business cards or email signature. If youíre qualified, youíre qualified. There is no distinction.
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  #34  
Old 06-09-2019, 08:12 PM
actuary_truther actuary_truther is offline
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Kalium, are you saying the Euro qualifications are inferior to Fellowship?
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  #35  
Old 06-10-2019, 04:07 AM
The_Polymath The_Polymath is offline
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I have seriously never met an FIA*

I have met people who qualified in Europe, and came over to the UK. But these are only affiliate members as they did not start the MR process.
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  #36  
Old 06-10-2019, 05:30 AM
Disgruntledactuary Disgruntledactuary is offline
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You havenít met one because they donít tell you they are a FIA*. FIA* is defined nowhere. It makes a hide difference when working as a student in an European country. Itís horrible to have everyone qualified and youíre still studying and failing exams well I to your 30s and 40s
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  #37  
Old 06-10-2019, 08:35 AM
ishamael ishamael is offline
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Quote:
Originally Posted by Gormenghast View Post
I recall that a bit of colonial guilt may also have been involved at the outset so the UK felt that it needed to help these national institutions (not just India) be successful. However the rules should have changed many years ago.
Don't need to worry about that front. They feel absolutely no guilt..
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  #38  
Old 06-10-2019, 09:13 AM
actuary_truther actuary_truther is offline
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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.
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  #39  
Old 06-10-2019, 09:34 AM
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campbell campbell is offline
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That is how it works in the U.S. as well. There's no FSA* or FCAS*
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  #40  
Old 06-20-2019, 06:40 PM
actuaryleaks101 actuaryleaks101 is offline
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Here is an article from the Daily Mail

https://www.dailymail.co.uk/news/art...t-BRITISH.html
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