FAB Index, 31 March 2021 - First Actuarial

Over the month to 31 March 2021, First Actuarial’s Best estimate (FAB) Index improved slightly, with the surplus in the UK’s 5,318 Defined Benefit (DB) pension schemes increasing from £305bn to £315bn.

The aggregate surplus on the PPF 7800 Index also improved during March 2021, increasing from £14.6bn to £34.2bn, with the funding ratio improving from 101% to 102%.

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.