HISTORIC PRESS RELEASE : Morris Review – Consultation document published [June 2004]

The press release issued by HM Treasury on 28 June 2004.

Sir Derek Morris today published a consultation document seeking views from all interested parties on his review of the actuarial profession.

Issues which Sir Derek intends to focus on include:

• the role of the appointed actuary
• standard setting and monitoring
• audit, peer review and scrutiny
• disciplinary procedures
• the role of the Government Actuary’s Department

Sir Derek Morris said:

“I hope that all interested parties will feed in their views on all aspects of the Review, and I look forward to discussing the issues with members of the actuarial profession, their customers and other interested parties.”

The closing date for responses to the consultation is 10 September 2004. Sir Derek Morris will publish an interim assessment in the autumn and will submit the final report, with recommendations for change, to the Government in Spring 2005.