UK - A series of ideas to improve the governance of with-profits funds have been put forward in 'Governance of With-Profits Funds and the Future Role of the Appointed Actuary', the fifth and final issues paper stemming from the Financial Services Authority's (FSA) review of the with-profits sector.
The FSA says the appointment of a policyholder representative onto the board of directors would not directly strengthen the framework of transparency or accountability for directors but would give ...
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