Trade union briefing, Q4 2020

In the latest issue of our briefing for trade unions, we discuss the future of the RPI and the latest update on GMP equalisation requirements.

We also look at the latest developments in the Pension Schemes Bill and the new withdrawal option available to independent schools in the Teachers’ Pension Scheme, as well as signposting two of First Actuarial’s latest financial education developments.

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.