Our recent First briefings are available here:
Our recent First briefings are available here:
Each year the Pensions Regulator prepares an Annual Funding Statement and the 2019 edition has just been published. Our March briefing takes you through the important new developments covered in this year's statement.Read more
Superfunds are one of the more interesting DB consolidation solutions to emerge recently. Essentially they involve a third party providing additional capital to replace the covenant of the sponsoring employer. We take a detailed look at how superfunds work and whether you should be considering them for your scheme.Read more
April 2019 will bring two updates to auto-enrolment regulations – the last of the planned increases in contribution phasing, and changes in qualifying earnings and other limits. Read on for further details in our latest First Briefing.Read more
If your business is under relentless pressure to make cost savings while keeping staff onside, salary sacrifice is worth considering. Implementing salary sacrifice on pension contributions is a potential win-win, offering National Insurance (NI) savings for both employer and employer. Find out how in our opening First Briefing of 2019.Read more
The judgment in the Lloyds Banking Group case has at last provided clarity on how to deal with Guaranteed Minimum Pension (GMP) equalisation, although it may not have given the answer many had hoped for. This briefing covers the recent judgment and considers where we go from here.Read more
The Chancellor of the Exchequer presented his Budget on 29 October 2018. This briefing sets out some of the key points around pensions and other employer-provided benefits.Read more
The PPF have recently published for consultation their draft rules for determining the PPF levy for 2019/20. This briefing looks at the key points, giving key deadlines and specific guidance on contingent assets,Read more
The announcement that Equitable Life is to transfer all its policies to Reliance Life will have widespread ramifications across the pensions world. We look at what it will mean for Equitable Life policyholders, and recommend actions that trustees can take at this stage.Read more
Following the DWP's 2017, the government has now issued regulations and guidance on the disclosure of cost and charge information relating to occupational money purchase benefits. This should make it easier to compare value for money between schemes. In this First Briefing, we take you through the key elements of...Read more
In March, Government published a policy paper on how it intends to increase the protections for DB scheme members and make improvements to the pensions system. This First Briefing gives a summary of the main themes of the proposals, with some comment and analysis from First Actuarial.Read more
When the government introduced auto enrolment in 2012, it set minimum contribution levels that would increase over time. The first increase of this 'contribution phase' takes place on 6 April 2018. This briefing sets out the new rates and provides guidance on member communication and consultation, and the processing of...Read more
Although the automatic enrolment regime is not yet fully rolled out, the DWP has already carried out a review. The results of this review, which examined coverage of automatic enrolment, how engagement can be improved and future contributions have just been published. We provide a digest of the review's proposals and findings, assess the...Read more
In November 2017, the Pensions Regulator published an update to its original guidance on record-keeping. The new guidance looks at measuring and improving the quality of pension scheme data. This briefing takes you through the new guidance and recommends a number of steps trustees should take.Read more
The RSPB was determined to minimise the impact of its new defined contribution scheme on employees, and appointed First Actuarial to support the transition and select a provider with strong ethical values.
“I would definitely recommend working with First Actuarial. Their consultants went over and above the call of duty to make sure the project progressed smoothly.”
Concerned about the risk of an Employer contribution increase as a result of high liabilities, Trustees of the Kennel Club Pension Fund turned to First Actuarial.
“They’re extremely professional and helpful. Their input always seems sound, logical and well presented. First Actuarial handled the transition well, they provide us with helpful guidance, and have delivered what they promised when they pitched for the work.”
Taking responsibility for care services previously provided by a local authority, Bolton Cares turned to First Actuarial for help in setting up a competitive and affordable DC pension scheme for its staff.
“They’ve been really helpful and professional throughout the project, and we’ll use them again if we need specialist advice.”