Trade union briefing, Q3 2018

In this issue we brief trade unions on the Government’s recent White Paper, Protecting Defined Benefit Pension Schemes, which sets out how it intends to increase protections and make improvements to the current pensions system. We also discuss two recent court cases involving the Pension Protection Fund (PPF).

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.