First briefing, November 2018 – GMP equalisation

The judgment in the Lloyds Banking Group case has at last provided clarity on how to deal with Guaranteed Minimum Pension (GMP) equalisation, although it may not have given the answer many had hoped for. This briefing covers the recent judgment and considers where we go from here.

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.