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Relationships

In addition to the relationships maintained by APOB (and through the boards it oversees) with various councils and committees within the Canadian Institute of Actuaries (CIA), APOB also maintains relationships with federal and provincial pension and insurance regulators.

While the profession is self-regulating, a number of federal and provincial Acts require certain documents to be approved by Fellows of the Canadian Institute of Actuaries (FCIAs). When legislation changes, often the profession’s Standards of Practice also need to change. The regulators often depend on the actuarial profession to adapt its standards, in that the regulations themselves are not specific on actuarial matters. Canada’s actuaries are also involved in advocating legislative change to governments in response to demographic or business necessities.