Press Releases – Page 7 – ACA – Association of Consulting Actuaries

21st August 202319th August 2023 David Robertson

ACA says HMRC must get Lifetime Allowance abolition rules sorted by October

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… more »»

21st July 2023 David Robertson

We welcome HMRC’s reassurance there is no intention to expand Freedom and Choice to defined benefit schemes by the backdoor – but asks for more clarity

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 ... more »»

10th July 202310th July 2023 David Robertson

ACA welcomes new policy innovations but cautions on hasty development of reforms

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 ... more »»

23rd June 2023 David Robertson

ACA comments on the Work and Pensions Select Committee’s report on LDI

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 ... more »»

22nd May 202324th May 2023 David Robertson

ACA Chair at APPG on Pensions lunch ‘sees real progress in pensions’

ACA Chair, Steven Taylor said: “I think we are beginning to make real progress in the battle for good quality pensions for the next generation” in speech at APPG on Pensions also addressed by Laura Trott, Pensions Minister. More… more »»

12th May 2023 David Robertson

ACA Chair says savers need new pension solutions to ‘thrive’ with buy-outs of private sector DB schemes likely to accelerate

Speaking at a pension industry dinner attended by a wide range of guests from the sector, ACA Chair, Steven Taylor said that despite generally improving funding positions it was very unlikely that DB pension scheme coverage of private sector employees Read More ... more »»

26th April 202326th April 2023 David Robertson

ACA says the regulatory framework remains unfit for open DB schemes to thrive.

In our response to the WPSC Call for Evidence: Defined Benefit pensions schemes, we are sceptical that the DB regulatory framework – without radical change – will allow open schemes to ‘thrive’. We also say we expect buy-in and buy-out Read More ... more »»

27th March 2023 David Robertson

ACA says it supports full development of CDC schemes, which should be a legislative priority over the next year

Our response to the DWP consultation supports the full development of CDC schemes, which should be a legislative priority over the next year: more »»

Our response to the DWP consultation supports the full development of CDC schemes, which should be a legislative priority over the next year:

22nd March 2023 David Robertson

ACA says the Funding Code Regulations need to better gel with the Code’s greater flexibility

In our response to the DB Funding Code consultations we say Regulations need to better gel with the Code’s greater flexibility in order to give schemes and sponsors the certainty they need. more »»

In our response to the DB Funding Code consultations we say Regulations need to better gel with the Code’s greater flexibility in order to give schemes and sponsors the certainty they need.