ACA – Association of Consulting Actuaries

The ACA response calls for an extended time-frame as follows:

The Association has responded to the FRC post implementation review of TASs.  See…

We support the general principle of amending AS TM1 to provide greater consistency for recipients of SMPIs where individuals have several different pension policies, particularly in the context of information to be provided on pension dashboards. However, we have concerns Read More …

The ACA has responded to the DWP consultation on Facilitation Investment in Illiquid Assets.  The response recognises the benefits that investing in illiquid assets may bring to members, but says it isn’t convinced the proposals to incorporate statements in oft Read More …

Our response highlights a number of areas in which we would like to see changes made. However, the draft Code is already a very helpful document and we would encourage the Regulator to finalise this as soon as possible, to Read More …

ACA comments on the draft regulations published on 18 February 2022 https://www.gov.uk/government/consultations/draft-legislation-the-registered-pension-schemes-miscellaneous-amendments-regulations-2022, which work alongside and help trigger some of the recent changes by Finance Act 2022 to Finance Act 2004 (FA04) modifying the mandatory Scheme Pays (MSP) information and Read More …

In our response to the DWP Consultation on draft Pensions Dashboards regulations, whilst supportive of the policy intent, we have called for a further consultation on the regulations due to gaps and lack of clarity found in the initial draft. 

In our evidence to the Work and Pensions Committee inquiry we noted that whilst automatic enrolment (AE) has been successful in significantly increasing pension participation, but we are concerned this has created a false sense of security amongst many savers, Read More …

We are encouraged to see the Government responding to industry feedback in relation to supporting defined contribution (DC) scheme investment in productive finance. However, we highlight that the charge cap itself has not to date been the only barrier…

We support the IASB’s development of objectives-based disclosure requirements for IAS 19. However, we believe that a more comprehensive mandatory minimum disclosure requirements for each objective should be clearly set out for IAS 19 in order to ensure comparability and Read More …