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Professional Standards Directory

The Professional Standards Directory provides an up-to-date listing of the IFoA鈥檚 Actuarial Profession Standards (APSs) and links to the Financial Reporting Council鈥檚 (FRC) standards

The IFoA is responsible for setting and maintaining ethical standards and the FRC is responsible for setting within its geographic remit. Members must comply with these standards.

Actuaries' Code, Actuarial Profession Standards (APSs) and Guidance Notes (GNs)

Title	Document link
The Actuaries' Code	The Actuaries' Code (Version 3.1) (effective 01.08.2023)
APS X1	Applying Standards to Actuarial Work (Version 1.1) (effective 19.03.2019)
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 1.0) (effective 01.07.2015)
APS X3	The Actuary as as Expert in Legal Proceedings (Version 2.0) (effective 20.04.2018)
APS X4	(effective 27.02. 2020)
APS X5	Compensation for Professional Shortcomings (Version 1.0) (effective 20.11.2020)
APS D1	Investment Related Business Activities for Authorised Professional Firms (Version 3.0) (effective 01.07.2016)
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 1 March 2023)
GN 27	Retirement Benefit Schemes - Minimum Funding Requirement (Version 2.1) (effective 13.01.2003)

Financial Reporting Council Standards

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