Monday 27 July 2009

Rejected by the English

The proposed merger between the Scottish and English actuarial bodies has failed
But while the 73.5% of faculty votes comfortably beat the 66% threshold needed for change, only 71.6% of votes in the far bigger institute backed the proposal, short of the 75% needed.
I'm pleased with this result. Scotland benefits tremendously from having its own civil society, including separate professional bodies.

What's particularly interesting is that the plan failed because the English body rejected the proposed merger whereas the Scottish body was in favour. It's not entirely fanciful to think that this outcome may portend similar developments in the wider political sphere...

1 comment:

David Farrer said...

Comments made on previous template:

Colin Finlay
At least the Scottish body will be able to provide an accurate estimate of its own life expectancy,

30 July 2009, 10:47:20 GMT+01:00
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The Scottish body will now probably collapse as merger was the only option. This is an instance where the bodies needlessly duplicate roles within one market.

28 July 2009, 11:11:52 GMT+01:00