It is critical that companies begin immediately implementing the
FSA's new with-profits reforms, according to FSA director of
insurance firms division David Strachan.
Speaking at the Insurance Reporting and Regulation conference in
London this week, Strachan said an immediate priority for firms
should be to consider the FSA's Principles and Practices of Financial
The rules stipulate that boards and senior management must make
the ultimate judgements about actuarial aspects of their with-profits