| 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
Filter or search events
Events calendar
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Pensions Conference 2019
Bristol Marriott Hotel City Centre, 2 Lower Castle Street, Old Market, Bristol, BS1 3AD18-19 June 2019
Five plenaries and 13 workshops cover current topics and industry trends in the Pension sector with the opportunity to develop your network at the pre-conference evening dinner (18 June). There is also a day ticket option available for the 19 June. -
KSS event – FinTech and The Actuarial Profession
EY, Atria One, 144 Morrison Street, Edinburgh19 June 2019This KSS talk from FinTech Scotland's CEO will explore the mission to create an integrated Fintech ecosystem through provision of funding, support, infrastructure and talent that recognises and responds to the needs of all stakeholders - and the overarching aim for Scotland to be one of the top 5 Fintech global leaders by 2020.
To book your place, please email Barry_Shannon@standardlife.com
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Current Issues in General Insurance (CIGI) 2019
Inmarsat, 99 City Road, London, EC1Y 1BJ19 June 2019CIGI is a well-established one-day seminar designed to increase awareness and encourage discussion on a variety of topical issues across the general insurance industry.
There will be an excellent and diverse line-up of speakers to provide a variety of perspectives and challenge covering technical and professional areas.
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KSS Event: How to Stop Bad Data Driving out the Good (In an Age of Misuse, Misleadingness and Misinformation)
Edinburgh Hymans Robertson, 1 Exchange Place, Semple St, Edinburgh EH3 8BL20 June 2019Fake news, post truth, mistrust of experts... a familiar roll call of anxieties – or perhaps clichés – about our data rich world. They point to an underlying fear that in this data abundant age the bad data drives out the good and we are left with a broken public discourse.
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Professional Skills Training - Edinburgh (20 June 19)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA20 June 2019 -
Sessional: Why the Pensions Dashboard is more than a data collection exercise
Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ24 June 2019The pensions dashboard has been talked about across the industry for a long time and now nears implementation with DWP’s consultation ending in January 2019. -
Cass Event – New Thinking about Deferred Annuities
Cass Business School, Executive Education Facilities 200 Aldersgate St, London EC1A 4HD25 June 2019Our motivation for discussing this important subject comes from some exciting recent research which has analysed the impact of behavioural factors on the decision to purchase an annuity. This work has shown that behavioural factors can explain the well-known low demand for immediate annuities but this research also identifies an important opportunity in relation to deferred annuities (DA). The research suggests that these factors lead to positive incentives to purchase a DA and that, for longer deferred periods, a DA could be an attractive product for both consumers and insurers.
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IFoA/SAS Joint Professional Skills Training – Singapore
Room 903, NTUC Centre, Level 9, One Marina Boulevard, Singapore 01898925 June 2019The Institute and Faculty of Actuaries (IFoA) and Singapore Actuarial Society (SAS) are organising a joint Professional Skills Training (PST) in Singapore. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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Professional Skills Training - London (25 June 19)
Staple Inn Hall, High Holborn London WC1V 7QJ25 June 2019
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Webinar Series: Risk and Investment Conference 2019, 26 June
These are online webinar events.26 June 2019The IFoA’s Risk Management and Finance and Investment Boards are delighted to host a series of webinars covering a range of topical and trending topics ranging from climate related risks to Brexit.
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AGM and Presidential Address 2019 + Volunteer and Member Drinks Reception
The Hub Castlehill Edinburgh EH1 2NE26 June 2019
Notice is hereby given that the ANNUAL GENERAL MEETING of the INSTITUTE AND FACULTY OF ACTUARIES will be held at The Hub, Edinburgh on Wednesday 26 June 2019 at 16.30 (Preceded by tea from 16.00) and followed by a PRESIDENTIAL ADDRESS given by John Taylor.
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IFAM event - Actuarial Teachers’ & Researchers’ Conference 2019
Institute for Financial and Actuarial Mathematics Department of Mathematical Sciences The University of Liverpool Mathematical Sciences Building Peach Street Liverpool, L69 7ZL27 June 2019 - 29 June 2019The Institute for Financial and Actuarial Mathematics (IFAM) at the University of Liverpool is pleased to host the 2019 Actuarial Teachers’ and Researchers’ Conference from 27-28 June 2019. This annual two-day event has been running annually now for many years, each time hosted by a different university, and provides all those interested in actuarial research and education a great opportunity to share their ideas and catch up on the latest developments.
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IFoA/ASM Joint Professional Skills Training – Kuala Lumpur
Menara AIA, Auditorium, 99 Jalan Ampang, 50450, Kuala Lumpur28 June 2019The Institute and Faculty of Actuaries (IFoA) and Actuarial Society of Malaysia (ASM) are organising a joint Professional Skills Training (PST) in Kuala Lumpur. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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NOCA Event - Climate-related risk: facing up to the challenge
N/A28 June 2019Presented by Louise Pryor
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SIAS: The Impact of Air Pollution on Health and Life Expectancy
Staple Inn Hall, High Holborn, London, WC1V 7QJ2 July 2019Air pollution has gained increasing attention lately. Nicola Oliver, head of longevity and mortality research for Medical Intelligence, will discuss not only the impacts of air pollution on health and life expectancy but also how as an industry we should be addressing it.
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Webinar: Opportunities for Actuaries in Banking
Online webinar10 July 2019The actuarial profession has much to offer the world of banking. In this webinar actuaries with experience in various fields of banking will talk about the opportunities there are in banking; describing the actuarial aspects of the work they do as well as other roles within their area of banking. -
Implications of 2019 IFRS 17 Exposure Draft
Staple Inn Hall, High Holborn, London, WC1V 7QJ24 July 2019Towards the end of June, the International Accounting Standards Board (IASB) is expected to publish an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022. To help IFoA members, the IFoA’s cross-practice Financial Reporting Group (FRG) is hosting an event at Staple Inn covering these developments.
For more information on the FRG please visit this webpage.
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NOCA event - IFRS17 methodology selection, consistency and impacts
N/A26 July 2019Presenter: Rahul Verma
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NoCA Event - Periodic Payment Orders (PPOs): the most extreme life risks are in non-life companies
N/A30 August 2019Presenter Matt Modisett
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Behavioural Finance Research Launch
Staple Inn Hall, High Holborn, London, WC1V 7QJ4 September 2019
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KSS event – The Regulatory Perspective
Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG5 September 2019This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:
- FCA business plan priorities
- The future of regulation
- FCA Engagement in Scotland
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Sessional Research Event - Risk Margin Working Party
Staple Inn Hall, High Holborn London, WC1V 7QJ9 September 2019For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.
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GIRO Conference 2019
EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE24-26 September 2019GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. -
NOCA event - Discount Process Is The Problem
N/A27 September 2019Presenter Jon Spain
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Life Conference 2019
The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 120-22 November 2019The Life Conference is the premier event for professionals interested in life insurance. Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.
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Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP
Lincoln's Inn The Treasury Office, London WC2A 3TL2 December 2019The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker. Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.
