Current Versions

BAS has adopted the Guidance Notes in this section from the Profession. Since adoption it has been necessary for BAS to amend some of the Guidance Notes to allow for changing circumstances. Where this is the case the Guidance Note has been changed to show the amendment number and its effective date.

• GN01 The Prudential Supervision in the UK of long-term insurance business V6.2
• GN02 Financial Condition Reports V1.1
• GN03 Contracted-out Pension Schemes where Wind-up commenced before 6 April 1997 V3.4
• GN04 Insolvency of Employers Safeguard of Pension Scheme Contributions V2.4
• GN07 The Relationship with Auditors in Relation to long-term business V3.1
• GN08 Additional Guidance on valuation of long-term insurance business V7.1
• GN09 Funding Defined Benefits - Presentation of Actuarial Advice V8.1
• GN10 Valuation of Reversions and Life Interests V3.1
• GN11 Retirement Benefit Schemes - Transfer Values V9.3
• GN12 General insurance business - actuarial reports V4.0
• GN13 Statements Required in Connection with FAS 87, 88 and 132 V3.3
• GN16 Retirement Benefit Schemes - Transfers Without Consent V3.1 (amendment 1)
• GN17 Accounting for Pension Costs under Statement of Standard Accounting No.24 V1.0
• GN18 UK General Insurance Companies writing US Regulated Business V2.1
• GN19 Retirement Benefit Schemes – Winding-up and Scheme Asset Deficiency v4.8 ^†
• GN20 Actuarial Reporting under the Lloyd’s Valuation of Liabilities Rules v7.0 (BAS Amendment 1)
• GN21 Post-Retirement Medical Plans V2.0
• GN22 Disclosure - FSA Rules V3.0
• GN23 Life Insurance Company Takeovers V1.1
• GN26 Pension Fund Terminology V2.1
• GN28 Retirement Benefit Schemes - Adequacy of Benefits for Contracting-out V2.1
• GN33 Lloyds Syndicates writing US business V4.0
• GN34 Illustration of Defined Contribution Pension Scheme Benefits V1.1
• GN36 Accounting for Retirement Benefits under FRS 17 V1.0
• GN38 Pre-paid funeral plans V1.0
• GN39 Reserved roles in long-term insurance business V2.1
• GN40 The Actuarial Function Holder V2.0
• GN41 The With-Profits Actuary V2.0
• GN42 The Reviewing Actuary V2.0
• GN43 The Appropriate Actuary V2.0
• GN44 Mathematical Reserves and Resilience Capital Requirement V2.0 (BAS Amendment 1)*  
• GN45 Determining the With-Profits Insurance Capital Component V2.0 (BAS Amendment 1)*
• GN46 Individual Capital Assessment V2.0 (BAS Amendment 1)
• GN47 Stochastic Modelling of Economic Risks in Life Insurance V2.0 (BAS Amendment 1)*
• GN49 Occupational Pension Schemes - Scheme funding matters on which advice of actuary must be obtained V1.0
• GN50 General Insurance Principles and Practice V1.0
• GN51 Retirment Benefit Schemes - Modification of Subsisting Rights Without Consent V1.1
• TM1 Statutory Money Purchase Illustrations V1.2

* Please see Paul Seymour's (Chairman, BAS) letter to the Presidents of the Actuarial Profession outlining the various options which the BAS considered in amending GNs 44, 45, 46 and 47.

^† Please see Paul Seymour’s (Chairman, BAS) letter to the Presidents of the Actuarial Profession outlining the Board’s approach in making the necessary amendments to GN19.