10 July 2026
The Financial Reporting Council (FRC) has issued revised Technical Actuarial Standard (TAS) 310, along with accompanying Technical Actuarial Guidance, for actuaries advising decision makers who are considering how fairness can be achieved across different groups of members in collective defined contribution (CDC) pension schemes.
TAS 310 has been revised following recent legislation, which enables the operation of multiple-employer CDC schemes.
The FRC reports broad support for the proposals from stakeholders during the consultation on the revisions, which took place earlier in 2026.
The FRC has also published Technical Actuarial Guidance, which is intended to support practitioners carrying out work relating to actuarial equivalence in a proportionate manner.
The revised TAS 310 will be effective for technical actuarial work completed from 31 July 2026.