Conflicts of interest: new policy proposals – an NAPF response to Actuarial profession consultation paper
The Actuarial Profession’s Consultation Paper proposes that the Scheme Actuary should not advise the employer about the funding of the scheme or anything with a direct bearing on the benefits payable. The NAPF agrees that the proposed provision is targeted and proportionate. We further agree that a ban on the Scheme Actuary doing any work for the employer would not be justified and would impede sensible arrangements for scheme administration, thus adding to complication and cost.
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