Press Releases – Page 14 – ACA – Association of Consulting Actuaries

21st February 2020 David Robertson

ACA says tax dangers remain in HMRC GMP guidance

We have welcomed the guidance issued by HMRC yesterday on whether GMP equalisation might have inappropriate pension tax outcomes for members, providing some sensible reassurances for those schemes planning to operate ‘dual record’ solutions (for example ‘C2’). However, dangers remain… Read More ... more »»

16th January 2020 David Robertson

ACA Pension trends survey report calls for AE contribution increases plus tax and benefit simplification

The ACA Pension trends survey report says the momentum of pension reform needs to be built upon with plans set out by Government in this Parliament to increase automatic enrolment minimum contributions alongside tax and benefit simplification… more »»

16th January 2020 David Robertson

Final report of 2019 ACA Pension trends survey

The final report of the ACA 2019 Pension trends survey includes findings on pension contribution levels, automatic enrolment cessations and wider findings covering employers’ attitudes to further pension reforms… more »»

23rd December 2019 David Robertson

Call for full legislative standardisation of Annual Benefit Statements alongside support for Dashboard

We welcome the opportunity presented by the DWP consultation on Simpler Benefit Statements to radically re-design statutory annual benefit statements as part of a wider industry drive to encourage members to think about their retirement and the outcome they want Read More ... more »»

27th November 2019 David Robertson

Summary of party manifestos critical of omissions on private pensions and savings issues

In October, we announced a manifesto of policy proposals that we wanted to see in the political parties’ manifestos – this is summarised on pages 4 – 5 of the special General Election of Placard (link in release below)… more »»

14th November 201913th November 2019 David Robertson

Parties’ Manifestos should commit to boosting pension, savings and social care outcomes

2019 Election: We believe the public should be pre-advised of the Parties’ broad approaches on how they propose to boost pensions and savings outcomes and what major tax changes might be considered over the next 5 years that might influence Read More ... more »»

11th November 201911th November 2019 David Robertson

Demand for greater flexibility to address younger employees pensions and savings needs

Our latest survey report found a demand for greater flexibility in savings and pensions products to be made available to younger workers to increase overall savings levels. Also acceptance from employers that a range of actions are needed to meet mounting Read More ... more »»

4th November 20191st November 2019 David Robertson

Pension tax regime must be simplified says ACA survey findings

In the third report of our 2019 Pension trends survey we found employers are disillusioned with the impact of the present pension tax regime and are calling for major changes, including simplification, from the incoming Chancellor… more »»

22nd October 20191st November 2019 David Robertson

Survey reports widespread indecision and worries over complexity and cost of GMP equalisation

Our 2019 Pension trends survey has found employers are concerned about the complexity and cost associated with the equalisation of Guaranteed Minimum Pensions (GMPs), with many employers remaining undecided on how they should respond to the legal requirement to act… more »»

16th October 20191st November 2019 David Robertson

Survey finds missed opportunity to boost pension contributions in Pensions Bill

In the first of a series of reports of the ACA’s 2019 Pension trends survey, we found employer support for Pensions Bill measures, but the survey findings suggest an ‘opportunity has been lost’ to build on the success of automatic Read More ... more »»