ACA survey on trustee skills and capability says trustees fiduciary duties are not discouraging investment in alternative assets

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 ... 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 …

ACA supports schemes being required to offer decumulation solutions, but says legislation is needed to deliver operational reality.

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. 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.

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 »»

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…    

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 »»

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 …

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 »»

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 …

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 »»

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 …

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 »»

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…

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 »»

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 …

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 »»

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 …

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