Actuarial

The FRC seeks to promote high quality actuarial practice and the integrity, competence and transparency of the actuarial profession.

We are responsible for:

• setting and maintaining technical actuarial standards
• overseeing of the regulation of actuaries by the Institute and Faculty of Actuaries (IFoA)
• providing independent investigation and disciplinary hearings in public interest actuarial cases through the FRC Actuarial Scheme.

For queries or more information please contact us through our mailbox [email protected].

General Technical Actuarial Standards (TAS 100) and Technical Actuarial Guidance (TAG)

TAS 100 contains requirements for all technical actuarial work. TAG contains guidance on models, proportionality, technical actuarial work and geographic scope.

Insurance Technical Actuarial Standard (TAS 200)

TAS 200 contains requirements for technical actuarial work in insurance.

Pensions Technical Actuarial Standards (TAS 300 and TAS 310)

TAS 300 contains requirements for technical actuarial work in pensions other than collective money purchase schemes. TAS 310 contains requirements for technical actuarial work for collective money purchase schemes.

Funeral Plans Technical Actuarial Standard (TAS 400)

TAS 400 contains requirements for technical actuarial work for funeral plans.

Actuarial Standard Technical Memorandum: AS TM1

AS TM1 contains the actuarial assumptions and methods to be used in the calculation of Statutory Money Purchase Illustrations in the UK.

Actuarial Reviews and Research

Research and TAS application reviews by us on UK actuarial work by UK actuaries to assist us in the setting and maintaining of TASs.