Trade union briefing, Q1 2021

We look at the remedy for age discrimination in public service schemes. We examine the removal of the exit payments cap. We explore the new Pension Schemes Act and proposed changes to the age from which individuals can draw benefits. And we discuss Government’s response to underpaid State Pensions.

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.