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Information for Prospective Members |
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Requirements for Membership |
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Applicants must be Fellows or Associates of the Institute of Actuaries
or a Fellow of the Faculty of Actuaries by examination or of any other actuarial body
which admits members by examination. |
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Each application must be supported by a proposer and a seconder, who must themselves
be Liverymen of the Company; and cannot be employees
of the same Company, nor Partners in the same Firm, as the applicant. |
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The Procedure to Become a Member |
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The applicant, who should have attended at least one Livery event,
is interviewed by a member of the Membership Committee.
If the application is approved the applicant attends a Court
meeting to be admitted to the Freedom of the Company. |
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The Freeman then applies to the City Chamberlain's office to obtain the Freedom
of the City of London. This will entail two visits to the Guildhall; the first
to provide the required information and the second to make the relevant declarations.
The Freeman should also attend a City Briefing, or equivalent event, to ensure that
they have at least a grounding in the governance of the City of London. |
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The Freeman is then eligible for consideration for Clothing with the Livery,
which takes place at a subsequent Court Meeting. After the Clothing the Freeman
becomes a Liveryman. |
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Fines and Quarterage |
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There is a Freedom 'fine' (admission fee) of £5 and a Livery 'fine' of £195. |
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There is an annual "Quarterage" (subscription) of £150 if paid by direct debit.
The Quarterage is reduced to £60 for those under the age of 40. |
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The Society of Young Freemen |
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The Society of Young Freemen was established some years ago to encourage knowledge
and interest in City affairs. |
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Freemen under the age of 40, who have obtained
the Freedom of the City of London, are eligible
to for life membership, which is paid for by the Company. |
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Further Information |
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Further information about membership of the Company or a request for a Membership pack
can be obtained from the Clerk (clerk@actuariescompany.co.uk). |
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