First briefing, December 2020: Post-Brexit considerations for pension scheme trustees

The UK’s membership of the EU has ended, with the transitional period due to end on 31 December 2020. At the time of writing, we are still uncertain whether or not a deal will be agreed between the UK and the EU.

Whatever the result, trustees should be taking stock and making sure they are comfortable with how their scheme will operate post-Brexit. To help with this we include some questions and actions you may want to consider.

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.