ACA – Association of Consulting Actuaries

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:.

We welcome the opportunity to comment on The Pension Regulator’s (TPR’s) corporate strategy and we broadly agree with its priorities, as set out in the consultation document. There are however a few additional important issues which we would like to Read More …

We welcome the opportunity to comment on the draft of TAS310 and we strongly support the objective of having the final version available in advance of it coming into force, in July, on the same day as the unconnected employer Read More …

The new VFM framework will shape the DC pensions world at a critical juncture. Getting it right, and avoiding unintended and damaging consequences, could improve retirement for millions of savers. Find below our considered response to the latest FCA consultation…

We have submitted a response to the Department for Work and Pensions  consultation on trusteeship and governance in trust-based pension schemes. We say that the current system largely functions well, with the majority of large schemes operating effectively, whilst outlining Read More …

We welcome the draft code of practice and are generally supportive of the content, and the objective of having the final code in force on the same day as the unconnected employer legislation comes into force, in July.  More…