FRC consults on revisions to Technical Actuarial Standard for pensions
News types: Consultation Announcement
Published: 9 December 2024
The Financial Reporting Council (FRC) has today published a consultation proposing revisions to Technical Actuarial Standard 300: Pensions (TAS 300) to reflect recent developments in pension scheme funding.
The proposed revisions to TAS 300 aim to support practitioners carrying out actuarial work under the new defined benefit funding regime, including new provisions relating to advice arising from improved funding levels of defined benefit schemes.
The FRC’s Executive Director of Regulatory Standards, Mark Babington said:
"Today’s proposed revisions to TAS 300 are designed to ensure that actuarial advice remains responsive and aligned with the evolving landscape for defined benefit pension schemes. TAS 300 helps ensure these schemes, which hold significant potential for economic growth, are underpinned with quality actuarial advice.”
Read the consultation document on Technical Actuarial Standard 300: Pensions.
The FRC invites stakeholders to attend a webinar on Tuesday 14 January at 14:00 to explore the proposed revisions to TAS 300.