First Briefing, November 2021: New transfer regulations

The DWP has published regulations that set out when statutory pension transfers can and cannot take place. These regulations give trustees the power to refuse a transfer where there is a risk that it’s part of a pension scam.

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.