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

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ACA critical of lack of clarity in TPR Criminal Offences draft guidance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

25th March 2021 David Robertson

ACA welcomes TPR Statement on settlements

In a statement following TPR’s publication of its settlement policy – its approach for negotiation and concluding settlements of its regulatory or civil enforcement action, we commented as follows… more »»

19th March 202119th March 2021 David Robertson

ACA agrees industry needs more clarity if pension dashboards are to go live on time

In a statement following a letter dated 19 March 2021 from the Society of Pension Professionals (SPP) to Chris Curry, Principal of the Pensions Dashboards Programme, we commented as follows… more »»

In a statement following a letter dated 19 March 2021 from the Society of Pension Professionals (SPP) to Chris Curry, Principal of the Pensions Dashboards Programme, we commented as follows…

10th March 2021 David Robertson

ACA welcomes DWP climate change paper but stresses importance of supporting trustees in major extension of role

In our response to the DWP consultation we welcomed the DWP’s response to practical issues identified in its previous paper but stress the huge changes for trustees addressing this issue and the risks involved with ‘spurious data gathering and calculations’ Read More ... more »»