The Financial Reporting Council (FRC) has imposed a severe reprimand and a financial penalty against Richard Jones in respect of misconduct relating to the actuarial advisory services he provided to Coats Group, the business formerly known as Guinness Peat Group (GPG).
The FRC - which acts as the independent, investigative and disciplinary body for actuaries in the UK - said that, during the period from September 2005 to March 2012, Jones provided ongoing actuari...
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