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P5 – Finance UK Practice Module

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Why is practice module P5 or P6 needed?

The actuarial professions website says in relation to the practice module that "...you do need to pass to practice in the UK in a reserved role, such as an actuarial function holder, with-profits actuary, reviewing actuary, peer reviewer, scheme actuary or Lloyd's Syndicate actuary. "

Which reserved role requires P5 or P6 ?
 
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Reserved role

Hi, I dont know of any in the pure investment fields but I suppose it depends whether you may consider switching fields in your career at some point?
 
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