Employer briefing, Quarter 2 2020

What were the key pension issues for employers in the second quarter of 2020? In this briefing, we look at funding level improvements in Defined Benefit (DB) schemes, the new interim regime for DB superfunds, The Pension Regulator’s annual DB funding statement, and a ban on independent financial advisers charging for pensions transfer advice on a contingent basis.

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.