First Briefing, April 2022: Single code of practice

The Pensions Regulator (TPR) has issued a draft single code of practice, expected to come into force in summer 2022. It has 51 modules and will consolidate 10 of the 15 codes of practice. It will also introduce new governance responsibilities for trustees of DB and DC schemes.

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.