All Association of Consulting Actuaries articles
-
NewsOutlook 2025: The pensions industry’s wishlist for the new year
Pensions Expert spoke to six major industry groups to find out what they want to see happen in 2025, from the Pensions Review and the Pension Schemes Bill to trustee powers and improvements to member outcomes.
-
NewsSolution to both small pots issue and pension dashboard 'desperately needed'
With many over-55s having no idea what their pension is worth, and many lacking clear financial strategies for their retirement, the need for solutions is more desperate than ever, two pieces of research have revealed.
-
NewsDecumulation call for evidence: Communication is key if scheme members are to be more informed
Industry says DWP call for evidence to help savers make informed decisions was overdue but more work is needed to communicate any enhanced options to members.
-
NewsProductive finance consultation on DB investment raises questions around role of 'consolidator'
Although many industry experts backed DB-endgame flexibilities, others expressed concerns about the PPF as a consolidator.
-
NewsFears over DWP’s plans for central registry to end proliferation of deferred small pots
The PMI and ACA are among industry bodies urging the government to consider a clearing house system.
-
NewsACA demands HMRC have LTA abolition rules ready by October
The Association of Consulting Actuaries (ACA) has called on HMRC to have put in place the rules to abolish the lifetime allowance (LTA) by October.
-
NewsACA: HMRC must give greater clarity to avoid "pensions limbo" for DB schemes and members
The pensions industry requires greater clarity from government departments, if defined benefit (DB) schemes and members are not to find themselves in a “tax limbo”, warned the Association of Consulting Actuaries (ACA) this morning.
-
NewsMansion House reforms: Pension industry warns Jeremy Hunt against 'well-intentioned but hasty' reforms
The Chancellor of the Exchequer Jeremy Hunt has unveiled a package of reforms aimed at using the collective power of pension funds to reinvigorate the UK economy.
-
NewsACA chair balks at funding code for open schemes while backing CDC
Concerns about the new funding code forcing “unnecessarily cautious” funding approaches upon open defined benefit (DB) schemes were raised at the All Party Parliamentary Group’s annual pensions lunch earlier this week.
-
NewsTPR and FCA flag governance and competence concerns over LDI
The Pensions Regulator and the Financial Conduct Authority have raised questions over the governance of small schemes and the competence of some investors, in response to questions from a parliamentary committee over the use of liability-driven investments by pension schemes.
-
NewsACA pushes new pensions minister for early extension of CDC
On the go: Laura Trott has been urged by the Association of Consulting Actuaries to extend collective defined contribution schemes to more savers as a way of boosting pension savings.
-
NewsExperts warn DWP rules could lead more schemes to LDI
With pension funds still dealing with the current market turmoil, experts point out the government’s proposed rules for defined benefit funding could force schemes into an even lower-risk environment, increasing the need for liability-driven investments.
-
NewsLDI: Could trustees be sued?
Market moves: A law firm speculates that trustees could be subject to legal action as a result of gilt market instability, the Association of Consulting Actuaries urges defined benefit schemes to review their hedging strategies, and a former pensions minister asks if liquidity pressures will undermine the government’s push for scheme infrastructure investment.
-
NewsACA: Early pensions access could encourage people to save
On the go: Younger generations could be encouraged to save more for the long term if they were allowed to dip into their retirement savings early in order to cover urgent, essential expenditure.
-
NewsOpperman has ‘zero sympathy’ for concerns over dashboards’ timeline
Pensions minister Guy Opperman has rebuffed concerns over the timescale of the Pensions Dashboards Programme, adding that the project would have moved at even greater speed if he had his way.
-
NewsIndustry slams govt proposal on dashboards lead time
Respondents to the Department for Work and Pensions’ dashboards consultation have argued that the timeline for making the initiative accessible to the public is too short.
-
News76% of employers expect trustees to consider quitting over regulation
On the go: More than three-quarters of employers have said they think their pension scheme trustees will weigh up resigning their positions in response to the mountain of regulations they are expected to comply with.
-
NewsEmployers’ wish list for TPR’s DB funding code
On the go: Employers have expressed support for some elements they would like to see outlined in the second consultation on a new defined benefit funding code, which is expected in the next few months.
-
FeaturesOne in three schemes set climate risk reduction targets
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with an ACA survey finding that a third of pension schemes have already set targets to reduce climate risk, and asset management fees falling in some ESG and impact strategy types.
-
NewsACA warns of inadvertent damage to pensions advice market
On the go: The Association of Consulting Actuaries has warned HM Revenue & Customs against causing accidental damage to the pensions advice market.