Trade union briefing, Q1 2022

In this briefing, we look at proposals from TPR on regulating CDC pension schemes. We report on the DWP State Pension shortcomings, and discuss changes in your annual scheme return submission. We also provide an update on changes to the calculation of PPF levies for 2022/23.

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.