FAB Index, 30 April 2021 - First Actuarial

Over the month to 30 April 2021, First Actuarial’s Best estimate (FAB) Index improved, with the surplus in the UK’s 5,318 Defined Benefit (DB) pension schemes increasing from £315bn to £323bn.

The aggregate surplus on the PPF 7800 Index also improved during April 2021, increasing from £34.2bn to £53.7bn, with the funding ratio improving from 102% to 103%.

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.