ACA – Association of Consulting Actuaries

We do not agree that schemes should be required to consolidate, or nudged down this path, if they are well governed and consistently able to demonstrate that they deliver good value for their members.  For more comment see…

We consider this call for input a helpful step in the right direction towards helping pension scheme members to make sense of their pension arrangements and to make good decisions at the right time.  Our comments are as below:

We provided a response on 9 June 2021 which provided our overall response to the regulations covering mainstream pension schemes and this supplemental letter in no way conflicts with what we say there.  On further reflection, we raise the particular Read More …

The ACA wholly supports pension savers receiving good value, and we believe that facilitating ease of comparison across different pension providers and charging structures is important.  As we have stressed in previous responses to consultations and calls for evidence on Read More …

We support the high level principles behind the proposed regime. We also support the aim of enhancing public confidence in the sector and in the work undertaken by actuaries.  In particular, we note that the consultation is not recommending a Read More …

Our response to the IFoA consultation supports the idea to assess competency rather than experience, and the proposal for less focus on annual renewals with a slightly greater focus on triennial renewals.  Given the absence of practical details at this Read More …

Our response to the TPR says it is important that this Code and its related guidance makes clear that most normal corporate activities will not be drawn into scope…

We welcome the commitment to delivering simpler annual pension statements and the opportunity to comment on the draft regulations and statutory guidance.  As noted in our responses to earlier stages of the consultation process, we have been strong advocates of Read More …

We say that it is important that any new requirements on pension schemes are applied consistently with the other duties and responsibilities of pension scheme trustees and managers, and that they focus on achieving positive outcomes rather than be seen Read More …

We agree it is important for trustees to take financially material social factors into account in their investment decisions. However, the majority of schemes currently rely on fund managers to integrate their house views on the social factors to take Read More …