Association of Consulting Actuaries
Exclusive: Members' push for ESG should be a 'wake up' call for lagging schemes
Substantial engagement from pension scheme members on ESG has not been matched by strategic change in defined contribution (DC) schemes, the Association of Consulting Actuaries (ACA) says.
Exclusive: Calls for vital AE reforms after Covid-19 pension saving exodus
The government must publish a timetable for its next automatic enrolment (AE) review as employees quit pension saving in the wake of the coronavirus pandemic, the Association of Consulting Actuaries (ACA) says.
Five stories you may have missed this week
This week’s top stories included Capita’s sale of its employee benefits business, while research from the Association of Consulting Actuaries found little support among employers for multiple pensions dashboards.
Industry raises significant concerns over FCA consultation on advising on pension transfers
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
'True flexibility' in bespoke DB funding code proposal questioned
The true level of flexibility for defined benefit (DB) schemes that take the ‘bespoke’ option laid out in the proposed DB funding code needs further clarification, the industry has said.
Barnett Waddingham's Andrew Vaughan: It is inevitable the way we work will change
Professional Pensions spoke to Barnett Waddingham senior partner Andrew Vaughan as part of an exclusive series of interviews with the leaders of some of the UK’s leading pension consulting firms. This is what he had to say…
The ACA: Aiming to reflect what society needs
Jenny Condron and Patrick Bloomfield explain the ACA's immediate priorities.
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Patrick Bloomfield elected next ACA chair
Hymans Robertson scheme actuary and partner Patrick Bloomfield has been elected chair of the Association of Consulting Actuaries (ACA).
Eight industry bodies go public with clause 107 drafting concerns
Trustees and their advisers could be “criminalised for doing the right thing” and left “fearful of acting” if Pension Schemes Bill wording is not amended, the Joint Industry Forum (JIF) says.
Women in Pensions Awards 2020: Nominate now!
Nominations for the third annual PP Women in Pensions Awards - which celebrate the achievements of women working in pensions or acting as a trustee - have now opened. Find out how to nominate here…
Government urged to set timetable for AE reform implementation
The Association of Consulting Actuaries (ACA) has urged the government to set out a timetable for when it will implement its planned automatic enrolment (AE) reforms, and produce a timetable for increases in AE contribution levels.
Simpler annual benefit statement proposals get positive response from industry
As the DWP’s consultation on simpler annual benefit statements closes, Holly Roach looks at the industry’s response.
Jenny Condron: Making it in a man's world
Jenny Condron is chief actuarial officer at Mercer and became the first female chair of the Association of Consulting Actuaries in 2018. Here she tells Laura Miller what it takes to make it in a man’s world, the one thing that scares her most, and why...
General election 2019: the pensions manifesto the industry wants to see
With political parties drawing up their manifestos for next month’s general election, Kim Kaveh explores the industry’s ambitions for future pensions policy.
ACA: Pension coverage remains patchy and employee saving still insufficient
The government must take action to build on the successes of auto-enrolment (AE) and ensure coverage and contribution rates are increased, the Association of Consulting Actuaries (ACA) says.
ACA backs letting savers use pensions to buy houses
The Association of Consulting Actuaries (ACA) has thrown support behind proposals to allow first-time buyers to use part of their pension pot as a deposit for a home.
ACA proposes 'model scheme' for simplified benefits following 'tidal wave' of new initiatives
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).
Industry split on DC investment innovation proposals
Initial responses to the government's consultation on DC investment innovation reveals a mixed views on a range of its proposals. Kim Kaveh reports.
An opportunity for a simpler DB world
Jenny Condron says pensions simplification would sweep away confusion for members arising from having up to 12 tranches with different rates of revaluation and increase.
Bob Scott: My pension predictions for 2019
Bob Scott reviews the past year in pensions and makes some predictions for what the industry will see in 2019.
Employers urge DWP to give TPR more targeted but proportionate powers
The Pensions Regulator (TPR) must be given more targeted powers but maintain flexibility around defined benefit (DB) scheme funding, concludes a survey by the Association of Consulting Actuaries (ACA).
Industry says strengthened TPR will require extra resource
Stephanie Baxter gauges industry reaction to the government's consultation on strengthening the powers of The Pensions Regulator
TPR needs 'super trustees' to aid struggling schemes
The Pensions Regulator (TPR) could benefit from having a pool of "super trustees" that can be parachuted into schemes to fix problems when they arise, experts say.