We plan to consult on proposals to introduce a cross-practice standard on peer review (APS X2: Actuarial Quality and Peer Review) along with a Peer Review Guide for members.
Peer review is one of a number of measures that professionals use to maintain the quality of their work. It is an effective method of managing risk and ensuring that work has been carried out to appropriate technical and ethical standards.
The proposed standard (APS X2) introduces a high-level requirement to consider the appropriateness of peer review and apply it if suitable.
The standard is intended to be sufficiently flexible to allow members to determine how peer review is best undertaken, and will be supported by the Peer Review Guide.
This will be the first cross-practice standard applicable to all members regardless of practice area or location. We would therefore encourage you to read the proposals and give us your views.
Members and interested stakeholders are also invited to attend consultation meetings in London and Edinburgh.
Further updates and the consultation package will be available at bit.ly/14Ioy2v
For details of the consultation meetings, please see the IFoA's website or email Karen Cross at [email protected]
