ACA proposes 'model scheme' for simplified benefits following 'tidal wave' of new initiatives

Holly Roach
clock • 2 min read

The Association of Consulting Actuaries (ACA) has received support for its proposed 'model scheme' to simplify defined benefit (DB) benefits alongside the conversion of guaranteed minimum pensions (GMPs).

The trade body last November produced a joint paper with Royal London on simplifying benefits for members into a "pensions pound", especially in the wake of GMP equalisation and conversion. A ke...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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