We have responded to the above consultation on the proposed version 5.1 of AS TM1 as below: . more »»
We have responded to the above consultation on the proposed version 5.1 of AS TM1 as below: .
We have responded to the consultation on the Guide from the Taskforce on Social Factors. We have provided our thoughts on the overall guide in the letter below: . more »»
We have responded to the consultation on the Guide from the Taskforce on Social Factors. We have provided our thoughts on the overall guide in the letter below: .
Responding to the DWP Occupational and Personal Pension Schemes (General Levy) Regulations review 2023, we favour option 2 of those put forward, whilst bemoaning the lack of transparency on how the Levy deficit has emerged. We are highly critical about Read More ... more »»
Responding to the DWP Occupational and Personal Pension Schemes (General Levy) Regulations review 2023, we favour option 2 of those put forward, whilst bemoaning the lack of transparency on how the Levy deficit has emerged. We are highly critical about Read More …
Responding to the consultation, we say we believe the current legislative framework is not fit for purpose and should be updated as soon as possible to remove the current restrictions, particularly the need to increase the total levy by no Read More ... more »»
Responding to the consultation, we say we believe the current legislative framework is not fit for purpose and should be updated as soon as possible to remove the current restrictions, particularly the need to increase the total levy by no Read More …
See below a copy of our fourth letter to HMRC on this issue: more »»
See below a copy of our fourth letter to HMRC on this issue:
See below our response to this FCA consultation: more »»
See below our response to this FCA consultation:
We submitted the third wing of our response to the HMRC consultation on Abolishing the pensions lifetime allowance published on 18 July 2023 and the newsletter 152 issued on 20 July 2023. Following our previous two letters on 17 August (see Read More ... more »»
We submitted the third wing of our response to the HMRC consultation on Abolishing the pensions lifetime allowance published on 18 July 2023 and the newsletter 152 issued on 20 July 2023. Following our previous two letters on 17 August (see Read More …
The Association has responded to the four evidence calls and consultations published by HMT and/or DWP following the Chancellor’s Mansion House speech in July outlining a number of pension challenges and opportunities. Copies of the responses on Options for DB Read More ... more »»
The Association has responded to the four evidence calls and consultations published by HMT and/or DWP following the Chancellor’s Mansion House speech in July outlining a number of pension challenges and opportunities. Copies of the responses on Options for DB Read More …
We responded to the HMRC consultation on Abolishing the pensions lifetime allowance published on 18 July 2023 and the newsletter 152 issued on 20 July 2023. The first response (attached below) focuses on an overall timing point, and issues of policy Read More ... more »»
We responded to the HMRC consultation on Abolishing the pensions lifetime allowance published on 18 July 2023 and the newsletter 152 issued on 20 July 2023. The first response (attached below) focuses on an overall timing point, and issues of policy Read More …
We have responded to the FRC consultation on TAS 300 and 310 as follows: more »»
We have responded to the FRC consultation on TAS 300 and 310 as follows:
We are looking for essays of no more than 1,500 words on exploring innovative ideas to improve the provision, public understanding and take-up of longer-term and shorter-term pension and savings and/or overall savings adequacy at all levels of UK society. This must be presented in writing although entrants can support their essay with a video if they so wish.
The winner of the Essay Prize will receive an award of £3,000 and the two runners-up will receive awards of £1,500 each. The Winners will have the opportunity to present their entries at the ACA Bloomfield Lecture being held on 3 November 2026 at a central London venue.
The winning essay submission also will be published in The Actuary journal, alongside articles from leading writers working in the insurance, savings and pension industries from across the world.
Your essay must be:
The prize winners may be requested to grant permission for the ACA to have the right to publish or reproduce at any time all or part of the award-winning entries.
Your word count:
Use of generative AI tools: your essay must be your sole creation and original work. AI may be used for research, proofreading and checking spelling and grammar. If an entrant chooses to use generative AI, the entrant is responsible for checking the accuracy of the output. Entrants are not permitted to use any AI programme to write all or part of an essay to enter this competition. Any essay which has been written, in part or in whole, by ChatGPT or similar programmes will be excluded from the marking and judging process and ineligible. The view of the judges will be final.
References should be inserted using the Harvard style referencing system.
Reworked coursework, journals or articles: each essay must be an original piece of work written by the entrant for the competition without peer review or editing by anyone else. All essays must be the individual unpublished work of the entrant.
When the essay is submitted and at the date of the close of the competition, you must satisfy the following criteria:
The administration team and the judges have the final decision as to whether an essay is eligible. No correspondence will be entered into.
Essays will be evaluated for:
Judges for the competition will be drawn from senior professionals, academics and commentators working in the pensions and savings world.
The essay must be the sole creation and original work of the entrant. Entrants are expected already to be aware of and to follow any plagiarism guidance and policies of the academic and professional training institutions to which they currently belong or have belonged. The ACA guidance reproduces and adapts information from other such policies for the purposes of its Essay Competition. The ACA is grateful to both institutions for permission to do so.
Plagiarism occurs where an entrant copies from any other source (published or unpublished) in an unauthorised manner and attempts to present that work as if it were the entrant’s own in order to obtain an unfair advantage.
Examples of plagiarism include:
Quotations from recognised sources are usually acceptable but must be clearly acknowledged and a reference given for the source (i.e. sources must be cited). The following situations almost always require citation:
In the case of any doubt, citation is recommended.
The ACA may proactively seek out instances of plagiarism, for example by the use of an electronic plagiarism detection system or service to scan submitted essays.
Any entry which is found not to be the sole creation and original work of the entrant (“plagiarism”) will be disqualified from the 75th Anniversary ‘Future of Pensions’ Essay Competition.
Our purposes for processing your data: we will process your personal data for the purposes of administering this essay competition and (in the case of successful entrants) publicising and promoting future such competitions. Our lawful basis for this processing data is ‘legitimate interests’ on the basis that individuals would have a reasonable expectation that we will process the personal data they have provided, which include the provision of initiatives to support education and training and to promote innovation in actuarial and related fields. Please go to our privacy statement for more details.
Association of Consulting Actuaries
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Tel: 020 3102 6763 • www.aca.org.uk • david.robertson@aca.org.uk
