{"title":"A Matter for Professional Judgement in the Matter of the Perfect Profits PLC Pension Scheme","authors":"James H. Macneill, J. Stephens, T. M. Ross","doi":"10.1017/S0071368600010156","DOIUrl":null,"url":null,"abstract":"In giving their advice, actuaries form part of a complex series of interlocking relationships – pensions advice must take account of the Trust Deed, the Faculty's and the Institute's Rules of Professional Conduct and the law.The law is paramount as interpreted by judges. Lawyers and judges have little difficulty in investigating transactions of many years ago – what was deemed normal and proper by actuaries then could well not be perceived by the court as reasonable – either then or now. The fact that everyone does it may be a defence against negligence – or it may not.","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"55 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transactions of the Faculty of Actuaries","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1017/S0071368600010156","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
In giving their advice, actuaries form part of a complex series of interlocking relationships – pensions advice must take account of the Trust Deed, the Faculty's and the Institute's Rules of Professional Conduct and the law.The law is paramount as interpreted by judges. Lawyers and judges have little difficulty in investigating transactions of many years ago – what was deemed normal and proper by actuaries then could well not be perceived by the court as reasonable – either then or now. The fact that everyone does it may be a defence against negligence – or it may not.
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