We would encourage you to read the QAS Handbook prior to making an application, and to familiarise yourself with APS QA1, which sets the standards for the QAS.
Once your application has been received, we will arrange an assessment, usually carried out by the Institute of Chartered Accountants in England and Wales (“ICAEW”). The ICAEW will produce a report which, along with your application, will be considered by the QAS Sub-Committee so that suitability for accreditation can be determined. The process usually takes approximately four months, depending on availability of the ICAEW and the timing of the quarterly QAS Sub-Committee meetings.
We have provided information below about the current members of the QAS, as well as case studies and information about the QAS Sub-Committee.
QAS Application Core Documents
- Application Form
- Terms and Conditions - Application for QAS Accreditation
- Participation Agreement
- Appeals Process
Quality Assurance Scheme fees
There are two categories of fees for the Quality Assurance Scheme: for applications received before and after 14 February 2018. This is because the criteria were updated to reflect the introduction of a new band for ‘very large’ organisations.
For organisations that are applying after 14 February 2018:
For organisations that applied before 14 February 2018:
The IFoA retains discretion to determine that an applicant should be within a particular band even though the criteria indicate a different band. This reflects that the bands also correspond to the number of days of assessment required and will apply in circumstances where it is decided that an applicant needs more or less assessment due to the nature and size of the organisation, accredited part and/or the actuarial team.
If you are unclear as to the band that your organisation would be then please raise this with your QAS contact or submit a query to QAS@actuaries.org.uk
Quality Assurance Scheme
QAS Team, Institute and Faculty of Actuaries, Level 2 Exchange Crescent, 7 Conference Square, Edinburgh, EH3 8RA
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Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.
Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.
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