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Actuaries Consultations A New Framework for Technical Actuarial Standards

A New Framework for Technical Actuarial Standards

In November 2014, the FRC issued a consultation on a new framework for Technical Actuarial Standards (TASs).  The proposals in the consultation included:

  • the introduction of a new FRC actuarial standard (Technical Actuarial Standard 100: Principles for Actuarial Work "TAS 100") which includes high-level principles applicable to all technical actuarial work - TAS 100 to replace the FRC's Generic TASs; and

  • a review of the scope and content of the FRC's Specific TASs based on the results of a risk analysis informed by feedback on the discussion paper Joint Forum on Actuarial Regulation : A risk perspective.

The consultation closed on 8 March 2015 and responses to it can be found here.

Update on the consultation

An update on the consultation (PDF)  was published on 16 July 2015.

Feedback statement


On 5 May 2016, the FRC published a feedback statement on the November 2014 consultation: A new framework for Technical Actuarial Standards (TASs) and review drafts of the Framework for FRC technical actuarial standards and TAS 100.

Versions of the review drafts of the Framework for FRC technical actuarial standards and TAS 100 showing changes from the exposure drafts in the November 2014 consultation are here:

Framework for FRC technical actuarial standards - tracked changes from November 2014 (PDF) 

TAS 100 - tracked changes from November 2014 (PDF)

Final versions of the Framework and TAS 100

On 15 December 2016, the FRC published final versions of the Framework for FRC technical actuarial standards and TAS 100: Principles for technical actuarial standards.

Framework for FRC technical actuarial standards - tracked changes from review draft.

TAS 100 - tracked changes from review draft.

Mapping of requirements of previous TASs to Current Versions

The following tables compare the scope and content of the previous TASs with the scope, principles and provisions of the revised current TASs:

Generic TASs (PDF)
Insurance TAS (PDF)
Pension TAS (PDF)
Funeral Plan Trusts TAS (PDF)
Transformations TAS  (PDF)

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