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.
In this week's Pensions Buzz, we want to know whether you support the ruling that defined benefit (DB) trustees must equalise GMPs in past transfers.
This week’s top stories included the rejection of an automatic guidance amendment in the Pension Schemes Bill, while The Pensions Regulator posted a sharp increase in the use of its powers.
The majority of the pensions industry agrees an eventual net-zero target should not be mandated for schemes as part of the Pension Schemes Bill, according to a Professional Pensions poll.
Local Pension Partnership Administration (LPPA) has become the latest organisation to join the Pension Scams Industry Group (PSIG) forum.
Two-thirds of UK fund managers are reducing investments in companies that fail on diversity and inclusion scores, according to a survey by Edelman.