The Association of Consulting Actuaries (ACA) has elected Bob Scott, senior partner at Lane, Clark and Peacock (LCP), as its new chairman.
On June 1 the incoming chairman will succeed David Fairs, partner at KPMG, following the end of his two-year term.
On his appointment, Scott (pictured) said the ACA would continue to guide the government towards actions that boost pensions saving following recent years of major changes to taxation.
"In the past two years we have seen radical changes to pensions taxation - changes which our members and their clients are still digesting," said Scott.
"Despite all this change and uncertainty, we do have a sound platform on which to build a viable pension system. The next few years will be crucial in determining whether this happens or not."
He added the ACA would continue to call for greater simplicity in regulations to encourage savers. The trade body's research published earlier this year showed 31% of employers polled said reductions to tax relief and complexities had led to high earners leaving their schemes.
Scott said pension contributions need to increase whether through education of savers, auto-enrolment or "compulsion".
"Increasing complexity and regulation will deter individuals from saving and will deter employers from providing any more than legislation requires," said Scott. "It is important that the level of saving is increased."
Scott also said he would look to expand the ACA to those advising in fields other than pensions.
He joined LCP in 1982 and is a fellow of the Institute and Faculty of Actuaries as well as the Institute of Actuaries of Australia. He has been honorary secretary of the ACA for the last four years.
Scott is the appointed actuary to 10 UK schemes and advises a number of employers on their pension arrangements.
The ACA's recent annual general meeting also saw Jenny Condron of Mercer re-elected honorary treasurer and Phil Simpson of Milliman elected honorary secretary.
Have your say: Should trustees be held accountable for the security of data and assets in the event of a cyber attack?
In this week's Pensions Buzz, we want to know if you agree that trustees be held accountable for the security of data and assets in the event of a cyber attack.
More than four in five employers oppose the implementation of multiple pensions dashboards and any that do not include state pensions, the Association of Consulting Actuaries (ACA) says.
Half of scheme representatives agree fiduciary duty hinders trustees in addressing climate change, finds XPS
Half of scheme representatives believe the current fiduciary duty of trustees hinders them in their ability to address climate change, according to a poll by XPS Pensions Group.
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.
The Pensions Administration Standards Association (PASA) has announced global consultant Deloitte as its expert knowledge provider for data.