The
Faculty of Actuaries in Scotland was the
professional body representing
actuaries in
Scotland. The Faculty of Actuaries was one of two actuarial bodies in the UK, the other was the
Institute of Actuaries, which was a separate body in
England,
Wales and
Northern Ireland. While the Faculty of Actuaries and the Institute of Actuaries were separate institutions, they worked very closely together, and the
professional qualifications and professional standards for actuaries were identical in each of them. On 25 May 2010, voting members of the Faculty who took part in a ballot voted to merge the Faculty with the
Institute of Actuaries, thus creating the
Institute and Faculty of Actuaries which came into being on 1 August 2010, superseding the Institute of Actuaries which ceased to exist on that date.