One has to feel a little sympathy towards the actuarial profession. Charged with the job of reviewin...
One has to feel a little sympathy towards the actuarial profession. Charged with the job of reviewing the controversial Minimum Funding Requirement (MFR) for pension schemes, a team of actuaries beavered away for over a year attempting to find a workable solution. Their weighty review was finished in May and then passed to the Government. The gilt market anxiously awaited its contents and anticipated its speedy publication. The DSS, however, proceeded to sit on the report for the best part of four months. Then, with a degree of diffidence, they issued a consultative document, which was ...
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