First Briefing, June 2022: Change to normal minimum pension age

The Finance Act 2022, which received royal assent on 24 February 2022, increased the normal minimum pension age and introduced a new 2028 protection framework. This briefing provides an overview of the normal minimum pension age and outlines key actions for trustees.

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.