ACA – Association of Consulting Actuaries

Responding to the PPF 2024/25 Levy Rules Consultation, we believe the current legislative framework is ‘not fit for purpose’ and should be updated as soon as possible… .

Speaking at the ACA’s Industry Dinner, its first since the pandemic, Chair, Steven Taylor spoke of his and the Association’s shock at the news of the sudden death of his predecessor, Patrick Bloomfield. His speech followed a tribute to Patrick Read More …

With much sadness, the ACA issued the following statement today:

Responding to the DWP evidence call on Options for DB schemes, we have expressed support for schemes being given more encouragement to invest more in productive assets, provided there is an upside for both scheme members and scheme sponsors, as Read More …

Responding to the HMT/DWP evidence call on Trustee skills, capability and culture, we have expressed wholehearted support for ways to improve trustee quality and capability.  However, ACA research run alongside the response points to trustees’ fiduciary duties not discouraging investment Read More …

Responding to the DWP consultation on Helping savers understand their pension choices, we have expressed support for schemes to be required to offer decumulation solutions.

We have responded to the HMRC consultation on Abolishing the Pensions Lifetime allowance and have said we believe that October 2023 is a key point for the practicality of delivering this measure.  More…    

Today we warned technical tax documents released by HM Treasury earlier this week – designed to eliminate references to the soon-to-be defunct Lifetime Allowance by 6 April 2024- have created a tax limbo for defined benefit schemes and their members.  Read More …

We responded to the Chancellor’s Mansion House speech and welcomed innovations that encourage reforms to the pensions regime and structure that genuinely enhance pension outcomes for savers.   But we cautioned the Chancellor and DWP to ‘take the industry with them’ Read More …

The Select Committee’s findings of “significant weakness in the ability of pension schemes to manage risk” seems completely at odds with the rude health that most UK private scheme find themselves in – with funding levels at unprecedented highs and Read More …