ACA – Association of Consulting Actuaries

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 …

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 …

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 …

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 …

We have responded to two DWP consultations this week broadly welcoming their content, whilst highlighting a number of areas that DWP needs to address in their final decisions on both updates to transfer regulations and AE alternative quality requirements.

The ACA Pensions Adequacy Working Group has submitted our 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 celebrated our 75th Anniversary at Staple Inn, the historic home of the actuarial profession, with ACA Chair Chintan Gandhi reflecting on the organisation’s long-standing contribution to UK pensions policy and its enduring partnership with the Institute and Faculty of Read More …

We have published new research showing that most UK defined benefit (DB) pension schemes are already well funded and clear on their long-term plans – with the new funding regime seen primarily as a compliance exercise rather than a driver Read More …

We have recommended a few key additions in our response to TPR’s consultation on its future strategy, see below:

The Association has elected Chintan Gandhi as its new Chair.  A Partner at Aon, he takes office on 1 June 2026 succeeding Isio’s Stewart Hastie.  More…