Unfortunate lettering for proposed merged actuaries’ body

After the Scots and English actuary groups' merger, future actuaries will be known as fellows of the Chartered Actuarial Profession or FCAPs, which the Times points out is an unfortunate acronym “if you pronounce it at speed”.

“You might find that amusing, but some of us really don’t,” says one actuary.

A spokesman for the professional body admits: “I’ve heard a few people saying that. It’s not something we’ve been rushed into. It’s a big change and there will be people who are unhappy about it.”