The review concluded that the regime and appointed actuary role are largely effective but that improvements should be made, including; the need for clarity and guidance around the Reserve Bank’s expectations of the appointed actuary role; limiting the risk that the impartiality of appointed actuaries could be adversely impacted by factors such as the  8 https://www.rbnz.govt.nz/-/media/ReserveBank/Files/News/2020/Appointed-Actuary-Thematic-Review.pdf  12  influences of senior managers and reporting lines; and strengthening the Reserve Bank’s oversight role.
We have used the findings to outline our expectations of the appointed actuary regime in a policy note which we will follow up with formal guidance.