DC briefing, July 2021 – New responsibilities for trustees of small DC schemes

The DWP has issued an update on planned changes around small DC trust-based schemes and DC sections of hybrid schemes. This briefing focuses on those areas requiring immediate attention – the annual value for money assessment and chair statement that trustees are required to prepare.

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.