UK Pensions - BAS launches actuarial best practice standard


The UK's Board for Actuarial Standards (BAS) has launched SAPT (Standard actuarial principles and techniques) in a bid to provide the kind of written standards for actuaries which have been in place in the accounting profession for several decades.

The BAS expects to publish the first draft in 12 months time, and has signed a memorandum of understanding between itself and the industry body (the Institute of Actuaries) whereby the standards board will devise the principles and the industry will

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