Professional Conduct

Before August 1984, when the ASSA Council adopted the Memorandum on Professional Conduct issued by the Institute of Actuaries in June, 1984, the professional conduct of members was subject to the previous memorandum issued by the Institute. That Code placed substantial emphasis on whether a member gave direct or indirect advice. In 1986, Council issued the "Guide to Professional Conduct". The "Guide" applied equally to all members, and its emphasis rather was on the quality of the advice given by a member, and was accompanied by "Notes Issued by Council to Assist Members in Interpreting the Society's Guide to Professional Conduct". The "Guide" and "Notes" were reviewed by the ASSA Professional Development Committee in 2003. The result was the replacement of the "Guide" and the "Notes" by the "Professional Conduct Standards, South Africa" or "PCSSA", as in the document linked to this page.

Despite having been superseded by developments in the UK, UK Professional Conduct Standards (PCS) still apply to members of the Actuarial Society until further notice.

PCS Version 3 appears below.