Scheme Actuary services

The Scheme Actuary gives vital support to trustees of Defined Benefit schemes

The Scheme Actuary helps make sure that Defined Benefit schemes are appropriately funded.

Being the trustee of a Defined Benefit scheme means facing complex issues and personal liability. It can be hard to keep on top of the risks and rapid changes involved. And the level of specialist knowledge they’re expected to demonstrate can be overwhelming.

We believe trustees need all the help and protection they can get.

How can First Actuarial help trustees of Defined Benefit schemes?

Our Scheme Actuaries put themselves in the shoes of the trustees they work with. The practical advice they offer strikes a balance between minimising the risks that trustees take and finding pragmatic solutions to the problems they face:

  • We provide high quality Scheme Actuary services to trustees at a reasonable price.
  • We use our experience to offer pragmatic solutions, while minimising trustee risks.
  • Our Scheme Actuaries know how to simplify complex detail to the right level so trustees can make informed decisions.
  • We produce our calculations quickly and accurately, and make sure you get the right information at the right time.

Why choose First Actuarial?

We are highly skilled at explaining our calculations and the options available in the most effective ways.

We have developed innovative software tools to support our Scheme Actuary work:

  • Valuation Viewer helps trustees of Defined Benefit schemes understand the potential impact of each assumption on actuarial calculations. That way they can focus on the assumptions that matter, and make informed decisions.
  • firstview keeps trustees up to date with changes to the funding of their scheme, so there are no unwelcome surprises at valuation time.

Our Scheme Actuaries are not afraid to challenge conventional approaches, where they think it right and judge it to be in the client’s best interest. They take full account of legislation, and their in-depth industry knowledge means that they understand The Pensions Regulator’s requirements.

Get in touch

Get in touch with one of our Scheme Actuaries to discuss how we can help you.

When we chose First Actuarial to be our actuaries and pensions advisers, we were looking for an expert personal service and for people who would work with us, enabling us to understand our pensions issues and to carry out as much of the administration as possible whilst providing guidance and expertise and a fall-back in case of staff changes. This is exactly what we have got. We receive clear advice on the things we need to know, quick responses on administrative support, and a flexible approach which enables us to understand what drives the actuarial figures and what we can or can’t do about them.

- James Archer, Finance Director

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
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