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Actuarial Profession Standards (APSs)

Institute and Faculty of Actuaries (IFoA) members must comply with Actuarial Profession Standards (APSs)

APSs apply to all IFoA members regardless of location.

Actuarial Profession Standards (APSs)

APS Title APS document link
APS X1 Applying Standards to Actuarial Work (Version 1.0) (effective 01.07.2017)
See also Non-mandatory guidance
APS X5 Compensation for Professional Shortcomings (Version 1.0) (effective 20.11.2020)
See also Compensation for Professional Shortcomings - Guide
APS G1 The Chief Actuary in Non-Life Insurance (Version 2.0) (effective 01.09.2017)
APS L1 Duties and Responsibilities of Life Assurance Actuaries (Version 3.0) (effective 01.09.2017)
APS Z1 Duties and responsibilities for actuaries working for UK Trust-based Pre-Paid Funeral Plans (effective 01.12.2015)
APS QA1 Quality Assurance for Organisations (Version 2.0) (effective 02.05.2019)
APS X2 Review of Actuarial Work (Version 1.0) (effective 01.07.2015)
See also Non-mandatory guidance
APS X3 The Actuary as an Expert in Legal Proceedings (Version 2.0)   (effective 20.04.2018)
See also Non-mandatory guidance
APS X4 Social Security Programmes (effective 27.02.2020) 
APS D1 Investment Related Business Activities for Authorised Professional Firms (Version 3.0) (effective 01.07.2016)
See also Non-mandatory guidance
APS G2 Actuarial Reporting for Lloyd's Syndicates Writing US Business (Version 1.1) (effective 01.04.2014)
APS L2 The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003 (Version 1.1) (effective 01.04.2014)
APS P1 Duties and Responsibilities of Members Undertaking Work In Relation to Pension Schemes (Version 2.0) (effective 01.07.2013)

 

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Contact Details

If you have any enquiries about our Actuarial Profession Standards (APSs) please email

regulation@actuaries.org.uk

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Events calendar

  • Spaces available

    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.  

  • Spaces available

    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.

  • Spaces available

    The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they  explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.

  • Spaces available

    Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?

  • Spaces available

    What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life?  Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown.  They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.