BAS adopts existing actuarial guidance

Since 1 April, the Actuarial Profession has been under a new regime of governance from the Financial Reporting Council (FRC) as recommended by the Morris Review, a study conducted by the Treasury. A main part of the new regime is the creation of a new operating body, the BAS, within the FRC to set high quality actuarial standards independently of the profession or other interests. Following the recommendations of the Morris Review published in March 2005, this means the BAS should be responsible for UK technical actuarial standards, while the Actuarial Profession should remain responsib...