23 September 2024
The IFoA Review Team has launched the pension scheme design thematic review. This will look at actuarial advice when benefit changes are proposed for UK defined benefit pension schemes.
The advice in this area ranges from changes to future benefits (including closure to new accrual) to adjustments to the timing or structure of accrued benefits and the consideration of discretionary pension increases. The review will look at current practices adopted by actuaries in pension scheme design affecting groups of scheme members. It will also cover the treatment of potential conflicts of interest.
This review is open to submissions from organisations until Friday 29 November.
To take part and for more information, see our current and planned reviews.
For general information on taking part in IFoA thematic reviews, please visit our thematic review programme page, or get in touch with the Review Team at reviews@actuaries.org.uk.
The IFoA Thematic Review Programme is part of the Actuarial Monitoring Scheme (AMS), designed to improve the effectiveness of actuarial regulation in the public interest, provide meaningful, credible, independent feedback to members and their employers and promote ongoing reinforcement and continuous improvement.