Last edited 19 Jan 2023

Actuary

Insurance Policyholder Taxation Manual, published by HM Revenue & Customs on 19 March 2016, defines an actuary as: ‘a person qualified to apply the mathematical doctrines of probability and compound interest to the statistics on which life insurance and pension business etc. are based; in the UK an actuary will normally have qualified as a member of the Institute of Actuaries.’

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