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Archive of withdrawn standards

Archived versions of our Actuarial Profession Standards (APSs) are provided in this listing

Current versions of our APSs are available on the Professional Standards Directory page.

Archived Actuarial Profession Standards (APSs)

Title Document link
APS P1 

Conflicts of Interest and Actuaries: A Note for Pension Scheme Trustees v1.1

Conflicts of Interest: A Guide for Employers of Actuaries v1.0

The Actuaries’ Code

The Actuaries’ Code Version 1.0 (October 2009)

The Actuaries' Code Version 2.0 (October 2013)

Replaced by Version 3.0 (effective 18 May 2019)

The Standards Decision Tree

The Standards Decision Tree

APS X3 The Actuary as an Expert in Legal Proceedings

The Actuary as an Expert in Legal Proceedings (Version 1.0) (effective 01.01.2015)
(replaced by Version 2.0) (effective 20.04.2018)

APS D1 Investment Related Business Activities for Authorised Professional Firms Version 1.0 (effective 01.12.2009)
Replaced by Version 2.0 (effective 01.03.2013)
Replaced by Version 3.0 (effective 01.07.2016)
APS G1

The Chief Actuary in Non-Life Insurance (Version 1.0) (effective 01.01.2016)
Replaced by Version 2.0 (effective 01.09.2017)

APS G2

Actuarial Reporting for Lloyd's Syndicates Writing US Business Version 1.0 (effective 15.12.2010)
Replaced by Version 1.1 (effective 01.04.2014)

APS L1

Duties and Responsibilities of Life Assurance Actuaries (Version 1.1) (effective 01.04.2014)
Replaced by Version 2.0 (effective 01.01.2016)
Replaced by Version 3.0 (effective 01.09.2017)

APS L1

Duties and Responsibilities of Life Assurance Actuaries Version 1 (effective 01.10.2011)
Replaced by Version 1.1 (effective 01.04.2014)

APS L2 The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003 Version 1.0 (effective 01.10.2011)
Replaced by Version 1.1 (effective 01.04.2014)
APS P1

Duties and Responsibilities of Pensions Actuaries Version 1.0 (effective 01/04/2011)
Replaced by Version 2.0 (effective 01.07.2013)

APS P2

Compliance review: Pensions Version 1.0 (effective 01.04.2011)
Replaced by Version 1.1 (effective 01.04.2014)

Compliance review: Pensions Version 1.1 (effective 01.04.2014)
Replaced by APS X2: Review of Actuarial Work (effective 01.07.2015)

GN5

The prudential supervision outside the UK of long-term insurance business Version 3.0 (effective 01.09.2003)
Replaced by Version 3.1 (effective 01/12/2007 - withdrawn on 01.07.2017)

GN29

Occupational Pension Schemes – Advisers to the Trustees
Version 6.0

(effective 06.04.2005) Withdrawn

Occupational Pension Schemes – Advisers to the Trustees
Version 7.1 (effective 31.03.2008)

Withdrawn 31.03.2011

GN37

The Financial Services and Markets Act 2000 (communications by Actuaries (Regulations 2003) Version 2.0 (effective 01.02.2006)
Withdrawn 30.09.2011

GN39

General Responsibilities of and Relationships Between Actuarial Function Holders, With-profits Actuaries, Appropriate Actuaries, and Reviewing Actuaries, of UK Life Insurance Firms and Friendly Societies
Version 1.0
(effective 31.12.2004)

General Responsibilities of and Relationships Between... Version 1.1 (effective 31.12.2004)

General Responsibilities of and Relationships Between... Version 2.0 (effective 01.02.2006)

General Responsibilities of and Relationships Between... Version 2.1 (effective 01.02.2006)
Withdrawn 30.09.2011

GN42

The Reviewing Actuary Version 1.0 (effective 31.12.2004)
Adopted by BAS on 19.05.2006

The Reviewing Actuary Version 2.0 (effective 01.06.2006)
Re-adopted by the Actuarial Profession on 01.12.2008

The Reviewing Actuary Version 2.1 (effective 01.12.2008)
Withdrawn 30.09.2011

GN48

Compliance Review: Pensions Version 1.0 (effective 31.12.2004)

Compliance Review: Pensions Version 2.0 (effective 01.01.2007)

Compliance Review: Pensions Version 2.1 (effective 01.02.2010) Withdrawn 31.03.2011

GN51

Retirement Benefit Schemes – Modification of Subsisting Rights Without Consent Version 1.0 (effective 06.04.2006)

Retirement Benefit Schemes – Modification of Subsisting Rights Without Consent  Version 1.1 (effective 06.11.2006)

Retirement Benefit Schemes – Modification of Subsisting Rights Without Consent Version 1.2 (effective 01.12.2008)
Withdrawn 31.03.2011

Acting as Non-Executive Directors  effective from 18.05.19

Contact Details

If you have any enquiries about archived standards please email

regulation@actuaries.org.uk

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Events calendar

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

  • Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.