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.
- changes to the new PC Scheme
The consultation will close on Monday 24 October.
Please read the consultation document and respond via the online questionnaire.