APS X2 applies to all members of the IFoA
APS X2 imposes requirements in relation to Work Review and Independent Peer Review. If you are an IFoA member it applies to you, regardless of:
- your practice area;
- the location at which you are based;
- the geographic scope of your work; or
- whether you are subject to partial or full regulation by the IFoA.
APS X2 came into force on 1 July 2015 and is accompanied by guidance on the new APS and on the transition from the now withdrawn APS P2.
| APS X2 |
|---|
| Guidance |
|---|
Post Implementation Review
Throughout 2017 and 2018 the IFoA undertook a post implementation review of APS X2, looking at how the standard is working in practice and whether it is effective and achieving its objectives. Overall the review found that APS is understood, and being utilised and implemented appropriately. You can also read more about the conclusions of the post implementation review.
As part of the review the IFoA has developed some additional case studies, vignettes and a short quiz to help deepen members' understanding of the requirements of APS X2. The full suite of APS X2 guidance and educational materials can be found below.
Guidance and Educational Materials
| 2019 Case Studies |
|---|
| APS X2 Quiz |
|---|
| 2019 Vignettes |
|---|
| Going Solo |
| Hot vs Cold Review |
| Taking Note |
| Introductory Meeting Videos |
|---|
| London, 8 June 2015 |
| Webinar, 18 June 2015 |
| Introductory Presentations |
|---|
| Edinburgh, 21 May 2015 |
| London, 8 June 2015 |
| 2015 Case Studies |
|---|
| 2015 General (used at webinar) |
| 2015 General Insurance |
| 2015 Life Assurance |
| 2015 Pensions |
Professional Skills Training Videos
Contact Details
If you have any queries please contact
Regulation, Level 2, Exchange Crescent · 7 Conference Square · Edinburgh · EH3 8RA
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Events calendar
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Pensions: Actuarial Factors used to Calculate Benefits in UK Pension Schemes
Webinar28 January 2021The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.
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India Town Hall
Webinar28 January 2021
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. -
Winter Thought Leadership Lecture with Vicky Pryce
Webinar3 February 2021What are the options for the world economy looking ahead?
In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.
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Professional Skills Training Webinar - 9 February 2021
Webinar9 February 2021
Trust and Leadership for ActuariesLed by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:
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Health and Care Hot Topics webinar
Online webinar10 February 2021In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.
Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.
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As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.
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Sub-Saharan Africa Town Hall
26 February 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann. -
MENAP Town Hall
2 March 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann.