 |
|
 |  |  |  |
The Association of Consulting Actuaries (ACA) in our response to the DWP consultation on Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021 has said it is essential that CDC scheme designs incorporating age related accrual rates and age-related contribution rates (in a single section) are clearly allowed under the initial regulations as it is expected sponsors will favour such a design. “Soundness” too in the assessment of such schemes needs to be defined better. |
ACA Chair, Patrick Bloomfield, comments: “It is essential that CDC scheme designs incorporating age related accrual rates and age-related contribution rates (in a single section) are clearly allowed under the initial regulations. We expect this sort of design to be particularly popular with potential scheme sponsors “The draft requirements are extensive and will need significant resources, expertise, and appetite for CDC - this might deter employers without such resources from setting up a CDC scheme “Although "soundness" is a key concept in the assessment of such schemes, there is no definition provided and the proposed structure of assessing soundness requires the actuary to consider legal matters and accuracy of member communication, in addition to actuarial issues”
The ACA response also suggests that the provisions allowing for post valuation experience be removed – and if they are retained changes are essential. |
|
|
|
| BPA Implementation Manager | ||
| North / hybrid working 50/50 - Negotiable | ||
| Head of Reserving | ||
| City of London - £150,000 Per Annum | ||
| PRT or BPA Specialist | ||
| Nationwide offices / hybrid working - Negotiable | ||
| Retirement Consultant | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| GI Associate Actuarial Director | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| GI Actuarial Senior Manager | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| Actuarial Manager - GI/Risk | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| Insurance Risk Manager | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| Financial Risk Leader - ALM Oversight | ||
| Flex / hybrid - Negotiable | ||
| Financial Risk Leader | ||
| Flex / hybrid - Negotiable | ||
| Take the lead on actuarial financial ... | ||
| Flex / hybrid - Negotiable | ||
| With-Profits and Investment Risk Expert | ||
| Flex / hybrid - Negotiable | ||
| Reinsurance Actuary | ||
| London/Hybrid - Negotiable | ||
| CONTRACT (12 months): Underwriter | ||
| Fully remote - Negotiable | ||
| CONTRACT (12 months): Senior Underwriter | ||
| Fully remote - Negotiable | ||
| MI Manager | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| Senior MI Analyst | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| LONDON MARKET CONTRACT: Capital Model... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior M&A Actuary | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Market-leading Pricing | ||
| South East or Scotland / hybrid 2 dpw in the office - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
