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 2.0 (effective 01.10.13) |
|
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)
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|
GN30 |
Compensation for professional shortcomings
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Archived APSs
You can access archived versions of APSs here.
Page updated: 1 July 2013