Advisory Practice Notes (APN’s)

APNs provide advice to members to guide them in their relevant area of practice. Failure to comply with an APN will not in itself constitute grounds for complaint under the disciplinary procedures. However, the Committee investigating an allegation of unprofessional conduct will take into account the extent to which a member complied with an APN in this category. It is recommended that any departure from an APN be disclosed.

Information Notes (IN’s)

An Information Note (IN) is an educational document that provides information on current or emerging practices in relation to a practice area.  It is not intended to prescribe requirements or provide formal actuarial guidance. It serves to familiarise actuaries with approaches that might be taken and to demonstrate how the actuarial profession might approach the topic.

An Information Note does not impose any obligation on any actuary to promote or apply the practices described.  It is not a definitive statement as to what constitutes generally accepted practice in the area under discussion and the language used is not directive.