Services for trustees of Defined Benefit schemes

Defined Benefit scheme trustees have a lot of responsibility to bear

Trustees have a tough job. Defined Benefit pension schemes are complex and trustees have a lot of responsibilities on their hands:

  • Making sure scheme members get the benefits they’re promised, when they’re promised, and that members understand their options
  • Investing funds to get good returns without too much risk
  • Agreeing funding plans to get enough money into the scheme without putting the sponsoring employer or its future plans at risk
  • Complying with fast-changing legislation, and being able to demonstrate compliance to The Pension Regulator at any time
  • Balancing day-to-day work with pension responsibilities.

How First Actuarial can help trustees of Defined Benefit schemes

We give trustees peace of mind.

We offer the full range of services so that trustees can be confident that they’re running a cost-efficient Defined Benefit scheme and looking after their members.

Actuarial service

We give trustees high quality information whenever they need it, and access to experienced actuaries who take personal pride in explaining the options available in a clear manner.

100% of respondents in our latest client survey were satisfied or very satisfied with our actuarial service.

Investment service

Delivering practical and cost-effective solutions to help our clients achieve an appropriate level of return, while running the right amount of risk.

100% of respondents in our latest client survey were satisfied or very satisfied with our investment service.

Scheme secretarial service

Lifting away the strain of Defined Benefit scheme governance by safeguarding compliance with all statutory requirements, and scheduling, running and minuting all trustee meetings.

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

Get in touch

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

Find out more about our Defined Benefit services

Download our Defined Benefit brochure.

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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.

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SBAC

As a result of an unusual clause in their trust deeds, Trustees of the pension scheme sponsored by the Society of British Aerospace Companies (SBAC) funded their liabilities on a buy-out basis.

“First Actuarial are very proactive. They respond quickly and get things done. They have proved to be competent and conscientious, and have a very professional and personable approach to business relations.”

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PremierFirst

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.”

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See all our case studies
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