Trade union briefing, Q3 2021

This quarter, we discuss the suspension of the triple lock, the increase in NI contributions and new guidance for schemes on GMP equalisation. We also provide a Covid-19 mortality update and a summary of charges of maladministration regarding the DWP’s announcement of the women’s State Pension age changes.

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.