Pensions - Articles - New Technical Actuarial Guidance published

“Alongside the Institute and Faculty, we have made strong representations on the shape the guidance should take having identified the legal uncertainties and difficulties schemes were facing following the Virgin Media v NTL Pension Trustees judgement and raising this with DWP, alongside the SPP and APL.  We will of course closely scrutinise the guidance to make sure it is complete – it’s a great sign of how the industry can work with the government and regulators to iron out practical bumps in the road that can undermine good pension scheme governance and administration.”

To give actuaries sufficient time to prepare, the guidance has been published ahead of the Royal Assent. It may be updated as the Pension Schemes Bill progresses through Parliament.

FRC Technical Actuarial Guidance