General Insurance Article - IFoA comments on the Pensions Regulator’s annual statement

 Gareth Connolly, Chair of IFoA’s Pension Board, comments,
 “The Institute and Faculty of Actuaries welcomes the guidance provided to sponsors and trustees in the Pensions Regulator’s 2015 Annual Funding Statement. Market conditions for 2015 valuations are extremely challenging in comparison to 2014 and are likely to place additional demands on sponsors. Our members, whether advising trustees or sponsors, will continue to assist the development of risk management frameworks to balance the continuing need to protect members’ benefits and the ability for sponsors to pay.”