ACA expresses concern at FRC’s ‘radical’ proposals on accumulation rates and on dashboards guidance

In our response to the FRC’s consultation on the proposed revision to AS TM1: Statutory Money Purchase Illustrations (SMPIs) we have concerns about some of the proposals, which we set out in the answers to the questions, including the proposals Read More ... more »»

In our response to the FRC’s consultation on the proposed revision to AS TM1: Statutory Money Purchase Illustrations (SMPIs) we have concerns about some of the proposals, which we set out in the answers to the questions, including the proposals Read More …

Response to proposed revision to FRC’s AS TM1: Statutory Money Purchase Illustrations (SMPIs) consultation

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 ... more »»

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 Pandemic and Projections

A presentation by Cobus Daneel, pensions actuary at WTW, where he leads the team setting mortality assumption guidance.  He is also Chair of the CMI Mortality Projections Committee.  His presentation included some personal comments (under private meeting rules). more »»

A presentation by Cobus Daneel, pensions actuary at WTW, where he leads the team setting mortality assumption guidance.  He is also Chair of the CMI Mortality Projections Committee.  His presentation included some personal comments (under private meeting rules).

New ACA Chair, Steven Taylor, highlights Key Objectives for the next two years

The Association has elected Steven Taylor FIA as its new Chair.  A Partner and Corporate pensions advisor at Lane Clark and Peacock, he takes office on 1 June 2022 succeeding Patrick Bloomfield… more »»

The Association has elected Steven Taylor FIA as its new Chair.  A Partner and Corporate pensions advisor at Lane Clark and Peacock, he takes office on 1 June 2022 succeeding Patrick Bloomfield…

ACA says new proposals will not open a flood of DC money into illiquids  

We have responded to the DWP consultation on Facilitating Investment in Illiquid Assets.  The response recognises the benefits that investing in illiquid assets may bring to members of DC schemes, but says it isn’t convinced that the proposals to incorporate Read More ... more »»

We have responded to the DWP consultation on Facilitating Investment in Illiquid Assets.  The response recognises the benefits that investing in illiquid assets may bring to members of DC schemes, but says it isn’t convinced that the proposals to incorporate Read More …

ACA responds to Facilitating Investment in Illiquid Assets consultation

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 ... 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 …

GMP Equalisation projects: interest on arrears payment of pension – income tax treatment

HMRC have given guidance on various pensions tax considerations when equalising benefits for the effects of inequalities in Guaranteed Minimum Pension in light of the Lloyds case.  Many schemes are duly proceeding in particular with equalising benefits for members in Read More ... more »»

HMRC have given guidance on various pensions tax considerations when equalising benefits for the effects of inequalities in Guaranteed Minimum Pension in light of the Lloyds case.  Many schemes are duly proceeding in particular with equalising benefits for members in Read More …

Pensions tax law changes could open the way for schemes to decide how to equalise benefits

We very much welcome HMRC’s recent publication of its third tranche of guidance on how pensions tax interacts with exercises to remove inequalities arising from GMPs (“GMP equalisation)… more »»

We very much welcome HMRC’s recent publication of its third tranche of guidance on how pensions tax interacts with exercises to remove inequalities arising from GMPs (“GMP equalisation)…

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