Bulk annuity briefing, Q3 2021

In this briefing, we review activity in the bulk annuity market during 2021. We discuss how smaller schemes can make themselves more attractive to insurers in a competitive market, and provide an update on how insurers are approaching GMP equalisation. We also look at the First Actuarial Bulk Annuity Index.

First Actuarial case studies

Usdaw

Trade union Usdaw selected First Actuarial to transform its scheme administration, resulting in improved quality and time-cost savings.

Southern Co-op

First Actuarial's fiduciary management consultants guided the trustees of Southern Co-op through their provider review, delivering fee savings.

Oil and Gas Industry

Oil and gas company DB scheme wind-up resulted in generous transfers for members and £3m surplus for employer, with First Actuarial’s help.