FRC to develop technical guidance for actuaries after Virgin Media amendments

Watchdog says guidance will support actuaries working with affected pension schemes

Jonathan Stapleton
clock • 1 min read
FRC to develop technical guidance for actuaries after Virgin Media amendments

The Financial Reporting Council (FRC) will develop technical guidance to support scheme actuaries in confirming historic pension scheme amendments following forthcoming legislation prompted by the Virgin Media Ltd v NTL Pension Trustees case.

The watchdog, which is responsible for regulating actuaries and setting actuarial standards, said that, said the government's decision to bring forward legislation to permit retrospective confirmat...

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