ACA

Tom Selby previews the March 25 edition of Professional Pensions.

Calculation of the Pension Protection Fund levy should be changed so schemes can rely on specific estimates for a number of years, a steering group recommends.

UK - Calculation of the Pension Protection Fund (PPF) levy should be changed so schemes can rely on specific estimates for a number of years, a steering group recommended.

The Association of Consulting Actuaries has launched a six-point Retirement Income Manifesto ahead of the general election to address the "alarming decline" in private pension savings.

Millions could retire into poverty unless the government establishes a standing commission to address inadequate private sector pension provision, the Association of Consulting Actuaries warns.

Senior industry figures have expressed their disappointment over the government's refusal to take any further action to develop collective defined contribution schemes.

The next government must drastically simplify pensions legislation to enable the development of shared-risk schemes as a logical alternative to defined benefit, Mercer says.

The government must do much more to back employers who are prepared to offer quality private sector pension schemes, Association of Consulting Actuaries chairman Keith Barton says.

The future of occupational pension schemes in the UK looks grim unless the industry can find a way to share the risk between employers and employees. One such approach, says Hamish Wilson, is collective defined contributions

UK - Some 87% of defined benefit pension schemes are closed to new entrants and 18% are close to future accrual, statistics from the Association of Consulting Actuaries revealed.