Independent schools briefing, Q4 2021

In this briefing, we discuss phased withdrawal from the TPS. In July 2021, Government published its response to the consultation on proposed amendments to the TPS rules. These aim to introduce phased withdrawal. The first schools to use the resulting regulations closed TPS to new teachers from 1 September 2021.

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.