ACA welcomes VfM framework but warns it could make poorly governed schemes look better than top-tier schemes
We have welcomed progress on the proposed Value for Money (VfM) framework but warned it could make some minimum-compliance pension schemes appear to offer better value than well-governed schemes on the past performance test. The ACA is calling for the Read More ... more »»
We have welcomed progress on the proposed Value for Money (VfM) framework but warned it could make some minimum-compliance pension schemes appear to offer better value than well-governed schemes on the past performance test. The ACA is calling for the Read More …
ACA responds to latest Value for Money Framework consultation
We are encouraged to see the VFM framework moving forward. Getting this right, and avoiding unintended and damaging consequences, could improve retirement for millions of savers. In a survey of ACA’s members in January 2026, in response to the question Read More ... more »»
We are encouraged to see the VFM framework moving forward. Getting this right, and avoiding unintended and damaging consequences, could improve retirement for millions of savers. In a survey of ACA’s members in January 2026, in response to the question Read More …
ACA calls for wider review of s179 valuations as conventional PPF levy remains at zero
We have welcomed the Pension Protection Fund’s (PPF) proposed changes to the assumptions used for section 143 and section 179 valuations but have called for a wider review of current s179 requirements with the conventional PPF levy at zero for Read More ... more »»
We have welcomed the Pension Protection Fund’s (PPF) proposed changes to the assumptions used for section 143 and section 179 valuations but have called for a wider review of current s179 requirements with the conventional PPF levy at zero for Read More …
ACA response on PPF consultation on Assumptions for s179 and s143 valuations
We welcome the opportunity to comment on the proposed changes. Our view is that the PPF should review the wider guidance and approach for s179 valuations. Given levy payments are not currently required, it is disproportionate for all schemes to Read More ... more »»
We welcome the opportunity to comment on the proposed changes. Our view is that the PPF should review the wider guidance and approach for s179 valuations. Given levy payments are not currently required, it is disproportionate for all schemes to Read More …
ACA calls for more workable DB surplus payment conditions and inclusion of schemes in wind-up
We have welcomed HMRC proposals to enable defined benefit pension schemes to make direct authorised member surplus payments (AMSPs) but has called for key rules to be reconsidered to ensure the new flexibility works in practice, including the proposed restrictions Read More ... more »»
We have welcomed HMRC proposals to enable defined benefit pension schemes to make direct authorised member surplus payments (AMSPs) but has called for key rules to be reconsidered to ensure the new flexibility works in practice, including the proposed restrictions Read More …
ACA Sessional Meeting – 3 September 2026
Please find below copies of the slide presentations from our speakers at the Sessional Meeting held on 3 September 2026… more »»
Please find below copies of the slide presentations from our speakers at the Sessional Meeting held on 3 September 2026…
ACA response to DB pension scheme surplus payments to members consultation
We welcome the introduction of an authorised member surplus payment (AMSP). This would permit trustees to distribute surplus to members as a fully taxable defined benefit (DB) lump sum outside the annual allowance (AA) and lump sum allowance/lump sum and Read More ... more »»
We welcome the introduction of an authorised member surplus payment (AMSP). This would permit trustees to distribute surplus to members as a fully taxable defined benefit (DB) lump sum outside the annual allowance (AA) and lump sum allowance/lump sum and Read More …
ACA Survey on new DB Funding Code
The ACA’s survey conducted in the summer of 2026 revealed that the most significant impact of the new funding regime, from a scheme funding perspective, was the introduction of an expense reserve. There was an overwhelming feeling that beyond this, Read More ... more »»
The ACA’s survey conducted in the summer of 2026 revealed that the most significant impact of the new funding regime, from a scheme funding perspective, was the introduction of an expense reserve. There was an overwhelming feeling that beyond this, Read More …
ACA calls for balanced TPR guidance to avoid undermining Government investment ambitions
We have welcomed DWP’s consultation on regulations for defined benefit (DB) pension scheme surplus flexibility but has warned forthcoming guidance for trustees from The Pensions Regulator (TPR) must strike the right balance by making the safeguarding of members’ existing benefits Read More ... more »»
We have welcomed DWP’s consultation on regulations for defined benefit (DB) pension scheme surplus flexibility but has warned forthcoming guidance for trustees from The Pensions Regulator (TPR) must strike the right balance by making the safeguarding of members’ existing benefits Read More …
ACA responds to consultation on Surplus Flexibilities for Defined Benefit Pension Schemes
We have welcomed the opportunity to comment on the draft regulations and support the intention to implement the new surplus flexibilities from April 2027. However. our response includes a number of recommendations on both the regulations and the guidance that Read More ... more »»
We have welcomed the opportunity to comment on the draft regulations and support the intention to implement the new surplus flexibilities from April 2027. However. our response includes a number of recommendations on both the regulations and the guidance that Read More …
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