| 2019 updates | |
|---|---|
| Update 45, Issued 19 March 2019 |
Minor amendment to standard APS X1 Applying Standards To Actuarial Work |
| 2018 Updates | |
|---|---|
| Update 44 Issued 20 April 2018 |
Revised Standard: APS X3 The Actuary as an Expert in Legal Proceedings |
| 2017 Updates | |
|---|---|
| Update 43 Issued 1 August 2017 |
Revised Standards come into effect on 1 September 2017: APS G1: The Chief Actuary in Non-Life. Version 2.0 APS L2: Duties and Responsibilties of Life Assurance Actuaries. Version 3.0 Read full update |
| Update 42 Issued 29 March 2017 |
TAS 100: Prinicples for Actuarial Work Read full update |
| 2016 Updates | |
|---|---|
| Update 41 Issued 16 December 2016 |
APS X1: Applying Standards to Actuarial Work; and TAS 100: Principles for Actuarial Work Read full update |
| Update 40 Issued 18 May 2016 |
Revised Standard: APS D1 Investment Related Business Activities for Authorised Professional Firms Read full update |
| 2015 Updates | |
|---|---|
| Update 39 Issued 1 December 2015 |
Revised Standard: APS L1 Duties and Responsibilities of Life Assurance Actuaries Read full update |
| Update 38 Issued 1 December 2015 |
New Standard: The Chief Actuary in Non-Life Insurance: APS G1 Introduced Read full update |
| Update 37 Issued 30 November 2015 |
New Standard: Duties and Responsibilities for Actuaries Working for UK Trust-Based Pre-Paid Funeral Plans: APS Z1 Introduced Read full update |
| Update 36 Issued 08.07.2015 |
New Guidance on the Actuary and Activities Regulated under FSMA 2000 and the withdrawal of the IAN: The Actuary and Activities Regulated under FSMA 2000 Read full update |
| Update 35 Issued 16.03.2015 |
Withdrawal of APS P2, effective 1 July 2015 |
| Update 34 Issued 29.01.2015 |
APS X2: Review of Actuarial Work – Version 1.0, effective from 1 July 2015 |
| Update 33 Issued 09.01.2015 |
AS TM1: Statutory Money Purchase Illustrations – Version 4.1, effective from 6 April 2015 |
| 2014 Updates | |
|---|---|
| Update 32 Issued 24/10/2014 |
APS X3: The Actuary as an Expert in Legal Proceedings - Version 1.0, effective 01.01.2015 Read full update |
|
Update 31 |
APS P2: Compliance Review - Pensions - Version 1.1 APS G2: Actuarial Reporting for Lloyd's Syndicates writing US business - Version 1.1 APS L1: Duties and responsibilities of Life Assurance actuaries - Version 1.1 APS L2: The Financial Services and Markets Act 2000 (Communication by actuaries) Regulations 2003 - Version 1.1 |
| 2013 Updates | |
|---|---|
| Update 30 Issued 26.09.2013 |
Actuaries' Code (version 2.0) Update |
| Update 29 Issued 31.05.2013 |
APS P1: Duties and Responsibilities of Members Undertaking Work in Relation to Pension Schemes (version 2.0) Update |
| Update 28 Issued 15.02.2013 |
IAN: The Actuary as an Expert Witness (version 2.0) Update |
| Update 27 Issued 29.01.2013 |
AS TM1: Statutory Money Purchase Illustrations (version 3.0) Update |
| 2012 Updates | |
|---|---|
| Update 26 Issued10.05.2012 |
Deletion of IAN : The Risks of Derivative Exposure Update |
| Update 25 Issued 20.01.2012 |
TM1 Statutory Money Purchase Illustrations (Version 2.0; 22 December 2011) Update |
| 2011 Updates | |
|---|---|
| Update 24 Issued 01.09.2011 |
Cross-practice Area Announcement: New TASs and Withdrawal of GNs (effective 1 October 2011) Update |
| Update 23 Issued 01.03.2011 |
New Pensions APS APS P1: Duties and Responsibilities of Pensions Actuaries (effective 1 April 2011; Version 1.0) Update APS P2: Compliance Review - Pensions (effective 1 April 2011; Version 1.0) Update |
| Update 22 Issued18.02.2011 |
Funeral Plans TAS Update |
| 2010 Updates | |
|---|---|
| Update 21 Issued 02.12.2010 |
Amendments to GN09: Funding Defined Benefits (version 9.0) and GN12: General Insurance Business - Actuarial Reports (version 5.0) Update |
| Update 20 Issued 15.11.2010 |
APS G2: Actuarial Reporting for Lloyd's Syndicates Writing US Business Update. |
| 2009 Updates | |
|---|---|
| Update 19 Issued 29.12.2009 |
GN48: Compliance Review - Pensions (effective 1 February 2010) Update |
| Update 18 Issued 31.10.2009 |
APS D1 - Investment Related Business Activities for Authorised Professional Firms which (effective 1 December 2009) Update |
| Update 17 Issued 01.09.2009 |
Presidents Endorse new Actuaries' Code Update From 1 October 2009, any reference to the PCS in existing Guidance Notes maintained by the Profession or the BAS, should be read as referring to the Actuaries' Code. |
| 2008 Updates | |
|---|---|
| Update 16 Issued 01.11.2008 |
Re-adoption of Guidance Notes Update Members will be aware that responsibility for Technical Standards passed to the Board for Actuarial Standards with effect from April 2006. As part of this process, the Profession transferred the responsibility for a large number of its Guidance Notes to the BAS on 19 May 2006. |
| Update 15 Issued 22.09.2008 |
BAS Standards - GN11: Retirement Benefit Schemes - Transfer Values Update |
| Update 14 Issued 25.03.2008 |
BAS Standards - GN19: Retirement Benefit Schemes Winding-up and Scheme Asset Deficiency Update |
| Update 13 Issued 13.03.2008 |
Actuarial Profession Standards - GN29: Occupational Pension Schemes - Advisers to the Trustees Update |
| Update 12 Issued 31.01.2008 |
BAS Standards GN09: Funding Defined Benefits - Presentation of Actuarial Advice Update GN11: Retirement Benefit Schemes - Transfer Values Update GN22: Disclosure - FSA Rules Update |
Contact Details
If you have any enquiries about standards updates please email
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Events calendar
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The Growth Mindset for Actuaries
13 October 2021 - 8 December 2021This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
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The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute. -
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
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GIRO 2021 Webinar Series
Online8 November 2021 - 19 November 2021
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector. -
Proposals for changes to the regulatory framework on climate change and sustainability
11 November 2021This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.
The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.
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Life 2021 Webinar Series
Online22 November 2021 - 26 November 2021
Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector. -
Pioneering Roles for Actuaries in Health and Care
29 November 2021
The role of actuaries within the health sector varies considerably from one country to another, due to differences in the local evolution of health systems and the funding models for health services. -
What next for Mental Health in Insurance?
1 December 2021Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.
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The Many Faces of Bias
2 December 2021
This webinar looks at the many types of biases, both conscious and unconscious and the impacts they can have in the workplace. Raising our own awareness and understanding of the issues can help us avoid the pitfalls of unconscious bias in particular. We’ve all heard the phrase ‘office banter’ but are we sure that’s how those on the receiving end perceive it and is it ok to go along with it?
The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.
Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.
The role of actuaries within the health sector varies considerably from one country to another, due to differences in the local evolution of health systems and the funding models for health services. 
This webinar looks at the many types of biases, both conscious and unconscious and the impacts they can have in the workplace. Raising our own awareness and understanding of the issues can help us avoid the pitfalls of unconscious bias in particular. We’ve all heard the phrase ‘office banter’ but are we sure that’s how those on the receiving end perceive it and is it ok to go along with it?