ACA – Association of Consulting Actuaries

We have written to both the new Pensions Minister and Economic Secretary on the day the Government outlined its legislative agenda.  With a Pensions Bill announced, the letter stresses the early need to consult with the pensions industry given the Read More …

The Association has elected Stewart Hastie as its new Chair.  A senior Partner at Isio, he takes office on 1 June 2024 succeeding LCP’s Steven Taylor.  He commented on his appointment as follows:

  In our Pensions and Savings manifesto launched today we say the political parties must focus on a narrow, achievable and deliverable list of priorities to ensure today’s working generations build adequate levels of pension saving…

Our response to the DWP Options for Defined Benefit schemes consultation is supportive of the greater flexibility to allow surplus refunds but pours cold water on some of the wider aspects sought for a public sector consolidator…

Our response is critical as to whether a highly prescriptive, data-driven submission that goes beyond regulatory requirements is the way to go at the very introduction of the funding and investment strategy as an add-on to the well-established scheme funding Read More …

In our response to the DWP consultation on Looking to the future: greater member security and rebalancing risk we have raised serious doubts about both the timing and desirability of the ‘Pot for Life’ proposals contained within the consultation.  More…

We have set up a new industry AI steering group to assess the risks and opportunities from emerging and evolving AI technology.  More…

Responding to announcements in the Autumn Statement, we have expressed support for schemes being given encouragement to invest more in productive assets, but cautioned on ‘pot for life’ proposals… .

Responding to the DWP Occupational and Personal Pension Schemes (General Levy) Regulations review 2023, we favour option 2 of those put forward, whilst bemoaning the lack of transparency on how the Levy deficit has emerged and slamming the ‘exceptionally harsh’ Read More …