Peter Caslin argues that the increasing complexity of governance of unit-linked funds demands a greater need for actuarial skills.

The Financial Conduct Authority’s (FCA) thematic review of unit-linked funds is very significant for the life insurance industry. It also underpins the need for actuarial skills in the management and governance of unit-linked funds. Would there be real benefits for retail customers if actuaries had a more substantive role in the management and governance of unit-linked funds?

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