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News

Consultation on Regulatory Framework for CDC pension schemes

Open-access content Wednesday 3rd August 2022

We are calling on actuaries in the pensions practice area to respond to a consultation on IFoA regulation relating to CDC pension schemes.

web_p11_News_Consultation-on-Regulatory-Framework-for-CDC-pension-schemes_CREDIT_shutterstock_1967597326.png

We have published proposals approved by the Regulation Board to introduce a new Practising Certificate (PC) for members appointed as the scheme actuary to a CDC pension scheme.

The proposals include:

  • A revised Actuarial Profession Standard (APS) P1: Duties and Responsibilities of Members undertaking work in relation to pension schemes, which extends requirements to CDC scheme actuaries

     hanges to the new PC Scheme.

  • The consultation will close on Monday 24 October.

  • You can read the consultation document online at bit.ly/IFoA_Consults. Responses should be submitted by email.

Image credit | Shutterstock

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This article appeared in our August 2022 issue of The Actuary .
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