ACA – Association of Consulting Actuaries

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A report out today says the UK’s retirement system is built on outdated assumptions: people retire at 65, live modestly for a decade, and state and workplace pensions suffice.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 …

Speaking at the Claridge’s Annual Dinner of the Association, attended by guests from across the pensions industry, ACA Chair, Stewart Hastie focussed on the contribution the pensions industry can make by working together to achieve a better and more sustainable Read More …

Responding to the evidence call by the Public Bill Committee on the Pension Schemes Bill, as representative body of actuaries advising both trustees and employers, we support the inclusion of the ‘Powers to pay surplus to employer’, which include provisions Read More …

We have responded to this week’s HMRC announcement on Inheritance Tax on pensions: liability, reporting and payment as follows: .

Following the DWP announcement on the Second Stage of the Pensions Review, we commented: Stewart Hastie, Chair of the Association of Consulting Actuaries (ACA), “we are delighted the Government is moving ahead with this phase of the Pensions Review with Read More …