Acquisition and cataloguing of ACA archive - March 2013
Posted: 1 March 2013
The Association of Consulting Actuaries (ACA), the representative body for consulting actuaries, deposited its archives with the Pensions Archive Trust in February 2013.
The Association was first formed as the Society of Consulting Actuaries in November 1951, and re-named as the ACA in March 1952. The members of the Association are all individual actuaries who work in the consulting sector, and are mainly qualified through membership of the professional body for actuaries, the Institute and Faculty of Actuaries.
The ACA was first proposed by Reginald Maudling, senior partner of Watsons, and James Bacon, senior partner of Bacon & Woodrow, as a way of ensuring that independent consulting actuaries were represented to both employers operating pension schemes for their staff and the government. In the 1950s independent actuaries were competing with large insurance firms to provide advice to employers, and collecting together as an association was seen as a way of raising independent consultants' status and making employers' aware that they were a source of disinterested professional advice. An association would also be able to provide a collective voice for consultant actuaries to government, who were increasingly interested in monitoring and controlling pension schemes in the 1950s. Maudling and Bacon were made joint Presidents at the ACA's foundation.
The ACA continues to promote the services provided by consulting actuaries and provide independent advice to decision makers on the need for and implications of legislative change in relevant areas, including responding to government consultations and publishing Parliamentary Pension Briefs for the benefit of MPs. The ACA also acts as a forum for exchanging relevant information among its members and exchange information with other organisations operating in the same fields. The ACA also publishes regular surveys of the pensions industry.
The collection includes minutes of the main committee, sessional meetings and annual general meetings covering 1951-2003, and various publications, including annual reviews, Parliamentary Pensions Briefs, survey reports, histories and a fiftieth anniversary dinner souvenir programme. The collection has been catalogued with reference number LMA/4631, and is available to view at London Metropolitan Archives.