M.A. Stocker, S.D. Dudley, G.E. Finlay, H.J. Fisher, O. C. Harvey Wood, M. H. D. Kemp, W. Lumb, M. W. Miles, S.L. Wasserman
This paper takes an overview of the potential roles and responsibilities of pension scheme actuaries in the United Kingdom in relation to defined contribution (DC) schemes.First it summarises briefly the background to U.K. retirement provision and in particular the move to DC arrangements. The paper then compares and contrasts the pension scheme actuary's current role in both defined benefit (DB) and DC schemes. This is then developed to consider what further statutory roles there may be for actuaries in DC s…
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