Watson Wyatt has slammed the FSA proposals to change the role of an appointed actuary, saying they will not strengthen regulation or protect consumers. It believes the FSA's plans, announced in its with-profits paper, to remove an actuary's monitoring responsibilities weakens the protection for consumers. It also says passing the duty to report on reserves to auditors is a bad step given the recent concerns over the effectiveness of the audit process. The firm wants to see the introduction of an independent actuarial review. 'Woolwich going back on Open Plan vow'