Hot Topics
Our "Hot Topics" section aims to keep our members and interested stakeholders up-to-date with our regulatory projects.
Exposure Draft ED31 - The Actuary as an Expert
9 October 2013
We launched a consultation on The Actuary as an Expert on 9 October 2013. The proposals introduce a cross practice Actuarial Profession Standard (APS) for actuaries acting as experts in legal proceedings together with an accompanying Guide for members.
The APS would replace the Information and Assistance Note (IAN) that currently provides guidance to actuaries acting as expert witnesses or expert advisors in legal proceedings and should introduce clarity over what a member must or should do when instructed in such a role.
We would encourage you to read the proposals and give us your views. Download the consultation package, which includes the consultation paper, draft APS and Guide. The documents can be accessed individually from the Consultations and Discussion Papers page of the website. To complete the survey, please download the online questionnaire or the 'Word' version of the questionnaire.
Conflicts of Interest: Question Bank
A new Conficts of Interest Question Bank has been published to assist with understanding the practical application of the changes to the conflicts of interest provisions introduced by the new amended APS P1, but also in relation to other conflicts-related queries which the Institute and Faculty of Actuaries (IFoA) has received since June 2012.
The Actuaries' Code Review
The agreed changes to the Actuaries’ Code have now been published following the consultation process that took place in March and April this year and the updated Code can be found here. A Discussion Paper summarising the consultation responses has also been published.
The changes will come into force on 1 October 2013.
Exposure Draft 30 - Quality Assurance Scheme for Organisations - PLEASE NOTE: THIS CONSULTATION IS NOW CLOSED
8 May 2013
We have recently launched a consultation on a Quality Assurance Scheme for Organisations. The proposals recognise the crucial role of employers in influencing the culture, policies and expectations within which actuaries work.
This is an important new initiative for the Institute and Faculty of Actuaries, and we would encourage you to read the proposals and give us your views. The Consultation document together with details of how to respond can be found here or by going directly to the questionnaire. The full consultation package, including supporting documents, can be found here. The supporting documents can also be downloaded separately: APS Q1, Guide to APS Q1, Operational Guide, Participation Agreement and Monitoring Proposals.
Disciplinary Board Annual Report 2012
The Disciplinary Board has now published its Annual Report for the year 2012. The report provides information on the work of the Board as well as details of the numbers and type of disciplinary cases which have been considered under the Institute and Faculty of Actuaries’ Disciplinary Scheme . The Report can be found at http://www.actuaries.org.uk/regulation/pages/board-minutes-and-reports
Page updated: 8 October 2013