黑料正能量

Actuarial Profession Standards (APS)

黑料正能量 (IFoA) members must comply with Actuarial Profession Standards (APSs)

APSs apply to all IFoA members regardless of location.

 

Withdrawal of APS L2

APS L2: The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003 is scheduled to be withdrawn, effective from 23 January 2026.

Read more about 黑料正能量 Regulatory Board鈥檚 decision to withdraw APS L2.

Actuarial Profession Standards (APSs)

APS Title APS document link
APS X1 Applying Standards to Actuarial Work (Version 1.1) (effective 19.03.2019)
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 4.0) (effective 02.04.2024)
APS Z1 Duties and responsibilities for actuaries working for UK Trust-based Pre-Paid Funeral Plans (Version 2.0) (effective 19.11.2023)
APS QA1 Quality Assurance for Organisations (Version 3.0) (effective 01.04.2022)
APS X2 Review of Actuarial Work (Version 1.1), comes into effect from 30 January 2026
Review of Actuarial Work (Version 1.0) (effective from 1 July 2015 and to be withdrawn 30 January 2026)
See also Non-mandatory guidance and the update on the recent APS X2 consultation
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 (Version 1.0) (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 4.0) (effective 01.03.2023)

 

Resources

Professional Standards Directory

Provides an up-to-date listing of 黑料正能量鈥檚 Actuarial Profession Standards (APSs) and links to the Financial Reporting Council鈥檚 (FRC) standards.

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Professional and Regulatory Support Helpdesk

The Professional and Regulatory Support Helpdesk is a free and confidential support service for members of 黑料正能量.
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Current FRC standards

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