Open-access content Wednesday 1st March 2023
The IFoA is consulting on proposals to introduce a revised Actuarial Profession Standard (APS) Z1 on ‘Duties and responsibilities of members undertaking work in relation to UK trust-based pre-paid funeral plans’. APS Z1 sets out specific ethical and professional obligations that apply, in addition to the Actuaries’ Code, for members providing advice relating to funeral plan trusts.
The proposed revised APS Z1 reflects the new regulatory framework for the pre-paid funeral planning market, overseen by the Financial Conduct Authority. For more information and to take part in the consultation, which closes 8 May 2023 at 5pm, visit bit.ly/IFoA_CurrentConsult
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