Actuarial and financial services consulting
Royal Liver Assurance: "I've always found OAC's work to be of a high quality, your observations accurate and comprehensive, and your recommendations practical and sensible." [Read more >>]
Cirencester Friendly Society: "I would like to take the opportunity to thank you for sending through your OAC Topical Article which I found most interesting. As KFDs are close to my heart, the article was of interest." [Read more >>]
Pension Transfers Direct: "Your turnaround times are excellent. Attention to detail, outstanding. Desire to help, admirable." [Read more >>]
   
  Risk assessment  
  Treating customers fairly  
  Promotional material  
  Training and competence schemes  
  Internal audit  
  IFA compliance support  
  Processes and procedures  
  Complaint handling procedures and standards  
  Outsourcing complaints  
  Fair compensation methodology  
 
  Pension switching advice  
 
  Planning the assessment
 
 
  Towards better systems
 
 
  Auditing sales processes and systems and controls
 
 
  Complaint issues
 
 
  Redress calculations
 
     
 

Skilled Persons' Reports (S166)

From time to time, the FSA requires a firm to employ a skilled person to undertake work in accordance with Section 166 of the FSMA. Typically, this might happen when there is a concern that something might have gone seriously wrong. Under this process, the firm is required to contract with a skilled person to carry out the work specified by the FSA. The FSA have to be satisfied that the skilled person has the relevant breadth of experience to carry out the work required.

OAC Actuaries and Consultants have staff who have the necessary skills and experience to carry out Skilled Persons' Reports in a wide range of topics. Specifically:

  • we have consultants experienced in preparing Skilled Persons' Reports;
  • we are used to working to the standards required by the FSA;
  • our staff have the necessary investigative skills;
  • our consultants have a wide range of knowledge and experience, especially in the areas of pensions, life insurance, and all calculation issues; and
  • we have wide-ranging expertise in actuarial and compliance matters.

Contact us to find out more about how OAC can help.

 

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