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APS X2 came into force on 1 July 2015 and is accompanied by guidance on the new APS and on the transition from the now withdrawn APS P2.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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Asia Conference 2021 webinar series
Online webinar series26 July 2021 - 30 July 2021
We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.” -
CMI Income Protection
30 July 2021In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
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TPR Climate Change Guidance Consultation
17 August 2021
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri -
September 2021 - Exam Preparation Techniques Webinar
23 August 2021.
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Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them. -
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s 
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.