Housing briefing, April 2022

For most housing associations, 31 March means year-end and the preparation of annual accounts. Participation in any Defined Benefit scheme gives flexibility in choosing the assumptions used to calculate pension accounting costs. This briefing reviews FRS 102 requirements and outlines how market conditions have changed over the last 12 months.

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.