Press Releases – Page 11 – ACA – Association of Consulting Actuaries

17th June 202116th June 2021 David Robertson

ACA says most UK trustees don’t have resources to focus on social factors

Our response to the DWP consultation on social risks and opportunities for occupational pension schemes says it agrees it is important for trustees to take financially material social factors into account in their investment decisions. However, the majority of schemes currently Read More ... more »»

16th June 2021 David Robertson

ACA warns of inadvertent damage to pension advice market

We have welcomed HMRC’s initiative to improve standards in the “tax advice” market but made it clear in our response to an HMRC consultation that this should not be at the expense of inadvertently damaging the pension advice market or Read More ... more »»

9th June 20219th June 2021 David Robertson

Pension scams Regulations: more time and guidance needed

In our response to the DWP consultation on regulations aimed at Pension scams: empowering trustees and protecting members we call for the reform to be accompanied by detailed guidance from the Pensions Regulator and for sufficient time to be given Read More ... more »»

27th May 2021 David Robertson

TPR’s annual funding statement reads more as a state of the nation than funding guidance

ACA comments on this year’s Annual Funding Statement but urges TPR to take the time it needs to deliver a new funding regime that fits today’s complex commercial environment. See more »»

ACA comments on this year’s Annual Funding Statement but urges TPR to take the time it needs to deliver a new funding regime that fits today’s complex commercial environment. See

26th May 2021 David Robertson

ACA critical of ‘mission creep’ in new code and timescales

In our response to the TPR consultation on the new code of practice we are critical of ‘mission creep’ noting that the new code is an extensive new document, mixing existing requirements and a great deal of new material covering Read More ... more »»

18th May 2021 David Robertson

‘Aim higher’ – vast potential if present disjointed system is addressed

In our response to the Work and Pensions Committee Inquiry on Protecting pension savers – five years on from the Pension Freedoms: Accessing pension savings, we recognise strength in individual elements of UK pension provision, but raises concern over a Read More ... more »»

26th April 2021 David Robertson

ACA calls for greater clarity on impact of employer resources test

In our response to the DWP consultation ‘Strengthening The Pensions Regulator’s Powers: Contribution Notice and Information Gathering Powers Regulations 2021’, we are again concerned that there is too much uncertainty in how the regulations will be applied giving rise to Read More ... more »»

22nd April 202121st April 2021 David Robertson

ACA critical of lack of clarity in TPR Criminal Offences draft guidance

In our response to the TPR’s consultation on the investigation and prosecution of the new criminal offences guidance, we accept the high-level policy intent to protect pension schemes, but more clarity is needed in TPR’s policy to limit the risk Read More ... more »»

19th April 2021 David Robertson

ACA warns that performance fees are not the only headache for DC investment in illiquid assets

In our response to the DWP consultation “Incorporating performance fees within the charge cap”, we welcome greater clarity on performance fee calculations and “look through” mechanisms for fee disclosures, but highlights the devil in the detail. We also set out Read More ... more »»

15th April 202115th April 2021 David Robertson

ACA expresses support in OTS response for ‘sensible’ initiatives to simplify pension tax system

In our response to the Office of Tax Simplification’s call for evidence on its third-party data reporting review, we have expressed support for any ‘sensible’ initiatives to simplify the processes of the pensions tax system and make it easier for Read More ... more »»