Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
Quick links:
  • Home
  • The Actuary Issues
  • November 2013
11

IFoA: New expert standard proposed

Open-access content 31st October 2013

At the beginning of October we were very pleased to launch a consultation on a proposed new Actuarial Professional Standard (APS X3: Actuary as an Expert) which is designed to assist those of our members instructed as experts in legal proceedings. We have also produced an accompanying detailed Guide. 

The aim is to provide some clear principles for work in this area along with some helpful practical guidance for members who might be instructed in this sort of work. The APS and Guide will replace the existing Information and Assistance Note (IAN): 'The Actuary as an Expert Witness'. 

The proposed new standard introduces high-level, principles-based requirements for members instructed as an expert witness or expert advisor in relation to proceedings in the UK, covering not only instructions in relation to civil court cases but also other types of proceedings, such as disciplinary hearings and tribunals. 

Of course, we recognise that many of our members are based outside of the UK so the detail of the provisions may not be appropriate to apply.  However, we propose that those members should be required to follow the spirit of the APS.

The draft Guide contains more detailed practical guidance for members and has drawn upon the experience of members of the working party and review group to create material that provides useful assistance to those instructed in legal proceedings or who are considering accepting an instruction to act. 

We would encourage you to read the proposals and give us your views by 9 December. A link to an online version of the consultation package and the questionnaire can be found on the IFoA's website: tinyurl.com/oorubvh.

This article appeared in our November 2013 issue of The Actuary.
Click here to view this issue
Filed in:
11
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Capital contractor

England, London
£700 - £1000 per day
Reference
118813

Senior Financial Risk Actuary

London, England
£55000 - £100000 per annum
Reference
118812

Pricing Technology Lead

England, London
£60000 - £70000 per annum
Reference
118811
See all jobs »
 
 

Most-Popular

 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2020 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited, Level 5, 78 Chamber Street, London, E1 8BL. Tel: 020 7880 6200