The IFoA has today submitted a response to the consultation issued by the Financial Reporting Council (FRC) on proposed changes to the technical actuarial standard TAS 100 and the proposed introduction of guidance.
In the response, the IFoA has stressed that it still has significant concerns about the TAS 100 that are likely to be exacerbated if it applies under a new statutory system (which is currently anticipated in UK Government proposals).
The IFoA is looking forward to discussing these concerns with the FRC shortly.
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