ACA survey results prompt pension reform manifesto

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The Association of Consulting Actuaries' (ACA) has issued a ‘manifesto for pensions reform'.

The manifesto, which suggests policies to boost State and private pensions, is the ACA's final representation to the Pensions Commission recommending a radical review of the State pension and an incentive-led strategy in its forthcoming report due at the end of November. The third and final ACA 2005 Pensions Trends Survey looked at investment and pension taxation issues. In the light of ongoing pension scheme deficits equating to over £130bn, it reveals of greatest concern to employers is the effect of the Pensions Act 2004 on occupational pension provision. It reports that 89% of def...

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