Employer services

Is your triennial DB scheme actuarial variation due?

Discover the key areas employers need to discuss with scheme trustees.

Read our Finance director’s guide to DB scheme actuarial valuation.

Request your free guide

Defined Benefit pension schemes can be hard for employers to manage

Trustee prudence in Defined Benefit scheme funding can result in excessive caution in both investment policy and funding valuations.

This may lead to calls for the employer to contribute more money to the scheme. These are significant payments in many cases, and can interfere with business plans. Watch our short video to find out how to address this problem.

Employers with a scheme that is closed to new entrants or future benefits are particularly keen to reduce the ongoing business risks and manage the costs of providing those benefits.

Ultimately, the employer is responsible for delivering the defined benefits promised to members. But many employers struggle to exercise control over trustee decision-making.

Pension scammers inflict misery on blameless people's livesPension scammers inflict misery on blameless people's lives

How First Actuarial can help

Our services give employers peace of mind that they are fulfilling their pension responsibilities.

Overseeing scheme trustees

We work with employers to set up and maintain checks and balances to make sure that trustees:

  • Listen to employers and make allowances for their long-term plans for the scheme
  • Take a prudent approach to funding calculations, without being overly cautious
  • Produce investment strategies that are cost-effective and take account of the employer’s long-term plans
  • Consider all options – not just those that are easier for trustees – fully and openly

Company accounting

We provide quick and accurate pension figures for company accounts, and keep employers informed so there are no unpleasant surprises at year end.

Managing liabilities

We can help you manage Defined Benefit risks with a sensible, phased approach to reducing liabilities, while protecting your scheme members, and your reputation.

We can also help you reduce your scheme liabilities by supporting your members with the right information and explaining any complex areas. That way, you’re also helping your members can choose the right options to meet their needs.

Whether your ultimate aim is to buy-out or to run on the scheme, we can get you to where you want to be, quickly and cost-effectively.

100% of employers rated our overall standard of work as excellent or good.

Get in touch

Get in touch to find out more about our employer services.

Find out more about our Defined Benefit services

Download our Defined Benefit brochure.

DB Brochure Thumbnail

First Actuarial case studies

Oil and Gas Industry

Concerns about the mounting costs of a Defined Benefit (DB) Scheme in the oil and gas sector came to a head when a valuation revealed the need for 50% employer contributions. After presenting all the options, First Actuarial supported the...

The costs of running a DB Scheme were continually increasing for a company in the oil and gas industry.


Diabetes UK

With First Actuarial’s governance and scheme secretarial service, Diabetes UK benefits from proactive and efficient support that covers every risk and eventuality.

"I’ve never regretted appointing First Actuarial to carry out governance and scheme secretarial services. They pass every test with flying colours and we feel very lucky. Running a pension scheme involves managing significant risks that can put organisations under acute financial pressure. So it’s worth getting the right tailored service to manage that risk."



Trustee Directors of the PremierFirst Vehicle Rental Pension Scheme struggled to find documents, and needed staff support and storage space for the archive held by the employer, Europcar, until they moved to the Client Hub.

“First Actuarial offered us a sensible and well-priced proposition. They supported us very well in uploading all our information in a structured way.
We’re not aware of any document going missing in the process. And it’s maintained very well.”

See all our case studies
© 2020 First Actuarial | Site By Punch Creative