volume 7, issue 4, P513-518 2001
DOI: 10.1017/s1357321700002452
View full text
B.J. Riley

Abstract: It was a kind of secret service. Over a great many years, first in life assurance, and then in occupational pensions, the actuarial profession lived largely in world of its own. It was protected by specialist legislation, and, to a great extent, it devised its own rules. In those circumstances the cloak of obscurity and the use of almost indecipherable codes seemed completely appropriate. The only obvious penalty was the stream of jokes about remoteness and mumbo-jumbo. But, quite suddenly, the environment has…

expand abstract