Professional Standards Directory

Professional Standards Directory

Under our Memorandum of Understanding with the Financial Reporting Council (FRC):

  • the FRC is responsible for the setting of technical actuarial standards;
  • we are responsible for the setting and maintenance of ethical standards which are known as Actuarial Profession Standards (APSs). 

You can access the current versions of the APSs and the current FRC standards through the links on this page. Please be aware that each body is responsible for the content on its own website. 

Information about how APSs are produced and what they should look like can be found here.

 

FRC Standards

You can access the current FRC standards on their website.

You can also access various FAQs on the FRC standards which the FRC have prepared here.


Actuarial Profession Standards

The Actuaries' Code

The Actuaries' Code

Version 1.0 (effective 01.10.09)


APS D1

Investment related business activities for authorised professional firms

Version 2.0 (effective 01.03.13)


APS G2

Actuarial reporting for Lloyd's syndicates writing US business

Version 1.0 (effective 15.12.10)

 

APS L1

Duties and responsibilities of life assurance actuaries

Version 1.0 (effective 01.10.11) 

 

APS L2

The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003

Version 1.0 (effective 01.10.11)

 

APS P1

Duties and Responsibilities of Members Undertaking Work In Relation to Pension Schemes

Version 2.0 (effective 01.07.13)

 

APS P2

Compliance review: Pensions

Version 1.0 (effective 01.04.11)

 

GN5

The prudential supervision outside the UK of long-term insurance business

Version 3.0 (effective 01.09.03)

Version 3.1 (effective 01.12.07)

 

GN27

Retirement benefit schemes - minimum funding requirement

Version 2.1 (effective 13.01.03)

 

GN30

Compensation for professional shortcomings
Version 1.0 (effective 01.09.97)

 

 

Archived APSs

You can access archived versions of APSs here.

 

 

Page updated: 1 July 2013