Pension services for not-for-profit organisations

Pensions are a pressing issue for not for profit organisations

Many not-for-profit employers view pensions as instrumental in the battle to recruit talented employees. They believe that staff wellbeing is central to their positive role in society – with pensions playing an important part.

But as scheme contributions increase and budgets tighten, many in the not for profit sector are forced to balance their pension provision against the organisation’s core mission.

At First Actuarial, we support not-for-profit organisations through scheme changes, helping them give their valued staff the best possible pensions.

First Actuarial offers not for profit pensions expertise

We have specialist teams in a number of not-for-profit areas, ready to help you face the challenges of pension scheme changes.

Housing associations

Increasing deficits in multi-employer schemes are forcing many housing associations to rethink their pension provision. First Actuarial is the UK’s leading pensions service provider in social housing. We cover the sector’s main pension arrangements – SHPS, LGPS, Growth Plan and Group Personal Pensions (GPPs).

Learn about our housing association pension services

Independent schools

A combination of legislative change and pension fund deficits is hitting the sector, increasing employer costs and intensifying risk. At First Actuarial, we work with a growing number of independent schools, helping them plan early for cost increases and manage risks to their staff pension schemes.

Learn about our independent school pension services


Every Local Government Pension Scheme (LGPS) valuation seems to deliver worse figures than the previous one. If your organisation participates in the LGPS, we can advise you on the costs and risks of participating in the LGPS. We can also guide you through admission agreements, funding strategies and termination debt policies.

Learn about our LGPS services

Trade unions

Trade unions are in the front line of pension provision, defending members’ interests when schemes change. We are prominent advisers to trade unions, and our clients include the TUC. We worked with the CWU on a new scheme design for postal workers, and with UCU on the USS pension scheme.

Learn about our trade union pension services


Charities spend 6p on pensions for every £1 of voluntary income. First Actuarial works with large charities such as the RSPB and smaller ones to strike the right balance between staff benefits and charitable aims. We support charities in multi-employer DB schemes and those that run their own. We also help manage charities' investments.

Learn about our charity pension services


First Actuarial is the independent actuarial adviser to the Scheme Advisory Board of the NHS Pension Scheme. We help individual trusts promote the value of NHS Pension Scheme membership, and guide consultants and senior managers through the complexities of pension tax allowances.

Learn about our NHS pension services

Why choose First Actuarial?

  • We are a leading provider of pensions advice to the not-for-profit sector. We offer considerable experience of supporting not-for-profit organisations and their pension scheme members through change.
  • We offer an appropriate mix of actuarial, administration and investment advice, infused with our in-depth knowledge of the not-for-profit sector.
  • We help organisations struggling with the challenges of multi-employer schemes, such as the Local Government Pension Scheme (LGPS), the Teachers’ Pension Scheme (TPS) and the Social Housing Pension Scheme (SHPS). We work with trade unions tackle the pensions issues their members face. And we advise on the tax issues confronting NHS employees.
  • We also work with both employers and trustees of individual pension schemes.
  • We put people first. We give clients face-to-face advice and support at every stage of our work.
  • We deliver cost control and value for money. We are transparent and fair on fees, and where possible we charge on an agreed fixed-fee basis.

Get in touch

If you are a not for profit organisation not covered by the above service areas, get in touch to find out how we can help you.

“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. In all areas – overall project and strategy scoping, defined contribution scheme and investment fund advice – the support has been exemplary.”

Claire Beesley, Project Manager, RSPB

First Actuarial NFP Brochure

Click here to download the First Actuarial NFP Brochure

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First Actuarial case studies

Aster Group

Housing association Aster Group extended its financial wellbeing programme and brought in First Actuarial to deliver a bespoke Retirement Planner, with supporting webinars and one-to-one sessions.

"People love the one-to-ones and are grateful for them. It’s a valuable offering that would otherwise cost them hundreds of pounds. People recognise it as a real benefit."


Royal Mail

The Communication Workers Union (CWU) enlisted the help of First Actuarial when Royal Mail proposed replacing its Defined Benefit pension fund with individual Defined Contribution arrangements.

“I can’t speak highly enough about First Actuarial – their people have been brilliant. The journey has been inspirational, nothing but a positive experience.”


Cheam School

With substantial increases in Teachers’ Pension Scheme (TPS) contributions looming for independent schools, Cheam School looked to First Actuarial for specialist support.

“We had a very good experience working with First Actuarial. I felt that they were always on the end of the phone, available to help and respond to issues as they arose."

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