LCP’s Steven Taylor becomes new Chair of the Association of Consulting Actuaries (ACA)

Steven Taylor has been named Chair of the Association of Consulting Actuaries (ACA). He will take office on 1st June, taking over from Patrick Bloomfield.

The Association is the representative body for UK consulting actuaries and as Chair Steven will work closely with the industry to reflect the views of actuaries in UK policy.

In his two-year term he will focus on four policy priorities;

• Identifying ways to help the next generation save enough for their retirement
• Ensuring that TPR’s new funding code will help the UK’s c.5000 DB schemes reach their end games smoothly
• Working with the industry to help tackle climate risk
• Innovation to help meet these and other emerging challenges

Steven Taylor commented: “I’m honoured to be taking on this position at a time when there is a lot of change and challenges for our industry to navigate, not least from a new funding code, a rapidly evolving economic backdrop and the puzzle of understanding the long term impacts of Covid-19 on longevity trends. The ACA’s overall aim is to help deliver a fairer savings environment which will help future generations save for their own retirements. For me, it very much ties in with LCP’s wider purpose to encourage and promote a better financial services industry and to help people achieve better retirement outcomes.

“Meeting the challenges of climate risk and helping people achieve better retirement outcomes will require actuaries to lead the way in the development of products and innovative services required by savers. In my view, actuaries are well-equipped to make a huge difference to some of the biggest challenges we face as a society and I’m looking forward to working closely with our industry to contribute the views of actuaries to emerging UK policy.”