In October 2009, the BAS published a consultation paper discussing proposals for a technical actuarial standard on actuarial information used for accounts and other financial documents. Following our consideration of the responses to the consultation we have decided not to proceed with this standard. Instead some of the work we considered in the consultation paper will be covered by our actuarial standards on insurance and pensions.

Copies of our analysis of responses to the consultation paper, the responses themselves, and the consultation paper can be downloaded from the BAS’s website at http://www.frc.org.uk/bas/publications/pub2257.html.
 

1. The Financial Reporting Council (FRC) is the UK’s independent regulator responsible for promoting confidence in corporate governance and reporting. Its functions are exercised principally by its operating bodies (the Accounting Standards Board, the Auditing Practices Board, the Board for Actuarial Standards, the Financial Reporting Review Panel, the Professional Oversight Board and the Accountancy and Actuarial Discipline Board) and by the FRC Board. The Committee on Corporate Governance assists the Board in its work on corporate governance.
    
2. The Board for Actuarial Standards has a primary objective of promoting competence and transparency of actuarial practice by establishing and improving actuarial technical standards and ensuring that they are coherent, consistent and comprehensive.
    
3. All media enquiries should be addressed to Louise Pryor, Director of the Board for Actuarial Standards, 020 7492 2328 or email at l.pryor@frc.org.uk.