Dewing, Ian and Russell, Peter (2010) Implementing new financial regulation: actuaries and UK with-profits funds. The Service Industries Journal, 30 (12). pp. 1955-1966. ISSN 0264-2069
Full text not available from this repository. (Request a copy)Abstract
One feature of the UK Financial Services Authority's (FSA) approach to regulation is the involvement of private actors in the regulatory process. This paper explores the introduction of ‘Principles and Practices of Financial Management’ (PPFM) for the management of with-profits funds of UK life insurers, and reports the experience of actuaries as private actors having a key role in implementing the FSA's PPFM framework. Actuaries reported experiencing considerable challenges in implementing the PPFM framework and, while accountability had increased, actuaries expressed scepticism about the ability of consumers and policyholders to make use of the increased amount of publicly available information.
Item Type: | Article |
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Uncontrolled Keywords: | actuaries,financial service authority,life insurance,private actors,regulation |
Faculty \ School: | Faculty of Social Sciences > Norwich Business School |
UEA Research Groups: | Faculty of Social Sciences > Research Groups > Accounting & Quantitative Methods |
Depositing User: | Julia Sheldrake |
Date Deposited: | 18 Jan 2011 15:24 |
Last Modified: | 22 Dec 2022 14:31 |
URI: | https://ueaeprints.uea.ac.uk/id/eprint/19386 |
DOI: | 10.1080/02642060903191116 |
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