Housing briefing, November 2020 – The calm waters before SHPS arrive.

Our themes this month are strategy and governance, words that get thrown around all the time…and rightly so.

We are currently sitting in the sweet spot between LGPS and SHPS valuations; LGPS contributions are set now until 2023 and the SHPS valuation results are almost upon us. However, there are ‘choppy waters’ approaching for both schemes.

This period of relative calm is the perfect time to stop, look around, and see where your pension strategy is. Is it rock solid and future-proofed? Or are you fearing the next piece of pension news will lead to more change?

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.