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The Actuary The magazine of the Institute & Faculty of Actuaries

Professional Standards Directory – Update 19

The Professional Standards Directory can be found at: www.actuaries.org.uk/professional_standards_directory.

It is designed to permit members and others to access the current BAS standards together with the current version of the Actuarial Profession Standards. Update 19 was issued to members on 30 December 2009. Version 2.1 of GN48: Compliance Review: Pensions, which comes into effect on 1 February 2010, can be accessed at: http://www.actuaries.org.uk/GN48V2-1.

The Profession’s Standards Review Committee has approved some minor changes to GN48: Compliance Review: Pensions, as follows:
>> Definitions for ‘Type 1 Reviewer’ and ‘Type 2 Reviewer’ ‘The actuary’ has been changed to ‘a Fellow of the Faculty of Actuaries or the Institute of Actuaries’ (recognising that an Associate cannot peer review under this Guidance Note)
>> Appendix 3 of GN48 has been updated
>> Revisions to reflect the introduction of the Actuaries’ Code from 1 October 2009.

For further information please contact fiona.goddard@actuaries.org.uk.