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Actuarial Profession Standard (APS) X2

Here you can find materials to help support your compliance with APS X2

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APS X2 came into force on 1 July 2015 and is accompanied by guidance on the new APS and on the transition from the now withdrawn APS P2.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@actuaries.org.uk

Regulation, Level 2, Exchange Crescent · 7 Conference Square · Edinburgh · EH3 8RA

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Events calendar

  • Asia Conference 2021 webinar series

    Online webinar series
    26 July 2021 - 30 July 2021
    Spaces available

    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 2021

    Spaces available

    In 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.

  • Spaces available

    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

  • Spaces available

    Risk Management Webinar ProgrammeInternal 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.

  • Spaces available

    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.