Investment briefing, Q1 2019

New legislation, issued by the DWP, requires trustees to update their Statement of Investment Principles by 1 October 2019. The SIP must explain how trustees take into account financially material matters over the appropriate, potentially long, time horizon of the scheme’s investments.

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.