UK - An issues paper published by the Financial Services Authority (FSA) considers the need for insurance companies to have an appointed actuary, suggesting that the responsibilities currently covered by the role might already be adequately addressed by the FSA's Principles for Business and other high-level standards.
The suggestion is just one of a number of options put forward by the regulator in the fifth and final Issues paper produced as part of its with-profits review. The paper specifically considers issu...
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