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Non-mandatory guidance

The Institute and Faculty of Actuaries (IFoA) produces non-mandatory guidance for IFoA members, their employers and other stakeholders

It is not compulsory for members to comply with this material. In accordance with the Actuaries’ Code, IFoA members are expected to demonstrate the highest standard of professional conduct.  In order to do so, members should comply with ethical standards to ensure that the trust placed in members by users/employers/other stakeholders continues to be justified.

In order to assist members to comply with such obligations, and to build on the requirements set out in the Actuaries’ Code, the IFoA has produced the following non-mandatory guidance:

Topic Guidance
Acting as Non-Executive Directors
Actuarial Software and Calculations - Professional Responsibilities
The Actuaries' Code - Guidance to support the principles and amplifications in the Actuaries’ Code
Actuary as an Expert in Legal Proceedings
Applying Standards to Actuarial Work
Compensation for Professional Shortcomings
Conflicts of Interest
Data Science Ethics
Designated Professional Bodies (DPB)
Funeral Plans
Memoranda of Understanding
Review of Actuarial Work
Risks of Derivative Exposures
Technical Actuarial Standard (TAS) 100
Transition from APS P2 to APS X2
Whistleblowing and Speaking Up 

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Contact Details

If you have any enquiries about non-mandatory guidance please email

regulation@actuaries.org.uk

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Events calendar

  • India Town Hall

    Webinar
    28 January 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    What are the options for the world economy looking ahead?

    In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.

  • Spaces available

    Trust and Leadership for Actuaries

    Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:

  • Health and Care Hot Topics webinar

    Online webinar
    10 February 2021

    Spaces available

    In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.

    Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.

  • Spaces available

    As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.

  • Sub-Saharan Africa Town Hall

    26 February 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.

  • MENAP Town Hall

    2 March 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.