Both the Faculty of Actuaries in Scotland and the Institute of Actuaries have achieved the necessary majority votes from their members for merger of the two bodies to go ahead.
The new merged body will be named the Institute and Faculty of Actuaries. The process has taken some years and there have been two previous failed attempts.
We really hope that the Profession will put this rather introspective period behind it and concentrate on the development of actuarial solutions to the problems they are facing.
Brian Spence is a founder of actuaries Spence & Partners Limited and a director of independent trustee Dalriada Trustees Limited. You can follow him at @briandspence or @PensionsEndgame on Twitter or link to him on LinkedIn.