Review proposes actuarial shake-up

These are the interim findings by Sir Derek Morris, commissioned by the Government to conduct an independent review of the UK actuarial profession. Morris concludes the profession has not been adequately challenged and market tested by users (ie: pension fund trustees and Boards of insurers), leading also to confusion over the accountability these professionals have over a wider public interest. He suggests there has been no attempt by the education system to foster any developments in actuarial and non-actuarial thinking, while calling the professional standards ‘weak, ambiguous or too...