What would be the impact of tighter regulation of actuaries?

An advisory group to the government review of the Financial Reporting Council is considering the role of actuaries and the extent to which actuaries should be subject to formal regulation in response to the pensions-related nature of recent corporate failures. Bob Scott, senior partner at actuarial consultancy LCP and immediate past chair of the Association of Consulting Actuaries, discusses the potential impacts of tighter regulation of the profession, and what it could mean for pension funds.

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