UK - Lane Clark & Peacock is welcoming the government's review into the actuarial profession following the collapse of Equitable Life.
Partner Francis Fernandes said the review – which is headed by former Competition Commission chairman Sir Derek Morris – would be a good opportunity to see how the profession was viewed by the public.
“From now on, it is not good enough to simply say we are acting according to high standards. Those who are ultimately affected by our advice should be able to look into our mathematical world and decide that for themselves.”
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.