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FRC amends actuarial standards to include Pension Incentive Exercises

The FRC has yesterday extended the scope of its technical actuarial standards (TASs) to include actuarial work on pension incentive exercises.

The FRC’s move helps to address concerns that members of defined benefit schemes may be misled by financial incentives being offered into giving valuable pension benefits.

Olivia Dickson, Chairman of the FRC’s Actuarial Council has Commented on the announcement.

Click here for full press release

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