ACA – Association of Consulting Actuaries

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 …

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 …

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 …

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 …

The ACA welcomes the opportunity to provide input to the Ministry of Justice consultation. We responded in the capacity of a representative body for professional advisors who provide advice to a range of occupational pension schemes. The vast majority of Read More …

We responded to ythe DWP consultation on the above quality requirements noting the tests are well established and understood and we support retaining the current requirements without changes.

We welcome the DWP consideration of improvements to these regulations. We strongly support the removal of the amber flag for overseas investments, and explicit legislative provision for transfers to reputable schemes to be processed efficiently. We also support additional flexibility Read More …

The ACA Pensions Adequacy Working Group has submitted its report to the Pensions Commission, setting out a package of reforms aimed at improving sustainable retirement income for under-pensioned groups.  The report notes that while automatic enrolment has significantly increased pension Read More …

We made a response to the consultation on draft secondary legislation amending Finance Act 2004 for calculating pension input amounts for annual allowance purposes following guaranteed minimum pension (GMP) conversion. We welcome the opportunity to provide input. We responded in Read More …

In response to the HMRC consultation on information sharing regulations and associated documents circulated to interested parties to implement the Government’s policy to bring unused pensions funds and death benefits within the scope of inheritance tax (IHT), we responded as follows:.