Your opinion matters - Consultation on revised APS P1
The Institute and Faculty of Actuaries has today launched a consultation on proposals to introduce a revised APS P1 on Duties and Responsibilities of Members undertaking work in relation to pension schemes. The current APS P1 (Version 2.0) sets out specific practice area ethical obligations that apply in addition to the Actuaries’ Code, for Members operating in the pensions area.
The proposed revised version of the APS (Version 3.0) provides a more stream-lined and clearer standard for Members operating in pensions, clarifying Member’s responsibilities with less prescriptive wording. Additionally, there is a proposed extension in scope to those advising the employer of a pension scheme, and clarification in the new version that in-house actuaries are also covered.
The consultation will close on 7 January 2021.
We encourage you to read the proposals and give us your views.
Take part in the online consultation
For information relating to proposals for an Actuarial Monitoring Scheme please visit on this bespoke page.
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Delivered by the IFRS 17 Contractual Service Margin working party.
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