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The Actuary The magazine of the Institute & Faculty of Actuaries
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FRC makes new appointments to AADB and BAS

The Financial Reporting Council (FRC) has announced new appointments to two of its operating bodies. Philip Taylor joins the Accountancy and Actuarial Discipline Board (AADB) while Olivia Dickson is appointed to the Board for Actuarial Standards (BAS).

Philip Taylor was global leader of PwC’s Audit Quality Review programme from 2003-2009, and was the senior partner of PwC’s Channel Islands practice from 1998-2007. As an audit partner he served a diverse range of international financial services clients. He is a founder member of the Jersey Financial Services Advisory Board, a member of the Board of the Jersey Financial Services Commission and is chairman of the Jersey International Business School.

Olivia Dickson is a non-executive director of Canada Life limited and Invista Real Estate Investment Management Holdings plc where she serves as a senior independent director and chair of the Audit Committee. She is also trustee director of the Mineworkers’ Pension Scheme and serves on the Determinations Panel of the Pensions Regulator and the Regulatory Decisions Committee of the Financial Services Authority. She worked as a senior adviser to the Financial Services Authority from 1998-2006 and served at JP Morgan from 1987-1998 including as a Managing Director in various senior roles.

Commenting on the appointments, FRC chairman Baroness Hogg said,

"An effective professional disciplinary regime is essential to the maintenance of public trust in the capital markets. I am delighted that the AADB is able to attract board members of the high calibre of Philip Taylor, with the practical experience and understanding to help it fulfil its role. His experience of auditing large listed companies will be of great benefit to the Board.

"Olivia Dickson brings considerable commercial and regulatory experience to the Board for Actuarial Standards. As a non-executive director of Canada Life Limited, a board committee member of the Pensions Regulator and a trustee director of the Mineworkers’ Pension Scheme she brings current experience of the industry at a time of considerable regulatory change. This expertise will be highly valuable to the Board."