Consultation on Regulatory Framework for CDC pension schemes

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

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.

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