Actuarial insights: managing conflicts of interest | Practical Law

Actuarial insights: managing conflicts of interest | Practical Law

In this month's column, Peter McDonald considers the new version of pensions standard APS P1, which was recently published by the Pensions Standards Committee and Conflicts of Interest Working Party.

Actuarial insights: managing conflicts of interest

Practical Law UK Articles 4-520-8088 (Approx. 4 pages)

Actuarial insights: managing conflicts of interest

by Peter McDonald, Partner and chief actuary, PricewaterhouseCoopers
Published on 08 Aug 2012United Kingdom
In this month's column, Peter McDonald considers the new version of pensions standard APS P1, which was recently published by the Pensions Standards Committee and Conflicts of Interest Working Party.
The standard imposes new restrictions for actuaries (and actuaries' firms) advising both employer and trustees. This may significantly affect the relationships between employers and their actuaries. The question arises as to how companies in a dual-advice position should approach the new regime.