ACA – Association of Consulting Actuaries

ACA Chair, Stewart Hastie comments on the Annual Funding Statement issued by The Pensions Regulator today as follows:

Are you or do you know a UK-registered student with an interest in the future of pensions and long-term saving? If so, our Student Essay Competition for a prize of up to £3,000 is open for entries! More…

We have welcomed the draft of the FRC’s Technical Actuarial Standards for Collective Money Purchase Pensions (TAS310) and  strongly support the objective of having the final version available in advance of it coming into force, in July, on the same Read More …

We have submitted our response to the latest FCA Value for Money (VfM) consultation and commented that the new VFM framework will shape the DC pensions world at a critical juncture. Getting it right, and avoiding unintended and damaging consequences, Read More …

We havesubmitted a response to the Department for Work and Pensions (DWP) consultation on trusteeship and governance in trust-based pension schemes. We say that the current system largely functions well, with the majority of large schemes operating effectively but have Read More …

Responding to the TPR consultation on extending the collective defined contribution (CDC) code of practice, we have welcomed the draft code of practice and we are generally supportive of the content, and the objective of having the final code in Read More …

Our Chair, Stewart Hastie, has welcomed the guidance issued today by FRC to help pension scheme actuaries provide retrospective confirmation to validate historic changes to pension scheme rules compliant with the appropriate requirements at the time.  More…

We strongly supports the development of the legislation required to enable Retirement CDC pension schemes.  We agree that this will open up CDC pensions to a much wider range of people, providing significant advantages over many existing forms of ‘at Read More …

Commenting on the Chancellor’s Budget Statement, we commented as follows:

A report out today says the UK’s retirement system is built on outdated assumptions: people retire at 65, live modestly for a decade, and state and workplace pensions suffice. That era is over. Today brings longer lives, rising inequality, insecure Read More …