9 February 2026
The Financial Reporting Council (FRC) has today issued a consultation on Technical Actuarial Standard (TAS) 310: Collective Money Purchase Pensions.
The FRC first published TAS 310 in 2024. The proposed revisions to TAS 310 respond to recent legislation enabling multiple unrelated employers to share a single collective pension arrangement – potentially making this type of pension more accessible to UK workers. These schemes bring new areas of actuarial work, particularly around supporting trustees and proprietors to ensure fairness between different employers.
The FRC has proposed introducing requirements around “actuarial equivalence” in TAS 310, providing actuaries with a framework for working within this emerging area of the pensions landscape.
The consultation closes on 23 March 2026. The FRC intended to bring a revised standard into effect on 31 July 2026, in line with the effective date of the new regime for unconnected multiple employer schemes.