In recent years, trade union members across the economy have faced an onslaught of pension uncertainties. Changes to pension schemes and to the State Pension Age, for example, can be deeply worrying, and many people turn to their trade union for support.
Trade unions have always fought hard to provide and maintain decent pension provision. They support their members by providing information, helping them resolve individual pension issues, and representing them when changes are proposed and implemented.
Keen to defend their members’ interests, many trade unionists nevertheless struggle with the complexities of the pension world.
First Actuarial is unrivalled in providing specialist pensions advice within the trade union movement. Our team offers several decades of combined experience in this area.
We have longstanding relationships with many trade unions – including Unite, CWU, UCU and FBU – where we have provided negotiation and consultation support.
Our public service pension scheme expertise includes the NHS Pension Scheme, the Teachers’ Pension Scheme, the Firefighters’ Pension Scheme, the Local Government Pension Scheme and the Civil Service Pension Scheme.
We are great communicators, and we strip away unnecessary jargon to clear the way through pension complexity. We care deeply about people and we work with trade unions to help them look after their members.
When we attend meetings or calls, we will give you our view rather than sitting on the fence. And we always work hard to find a pragmatic, workable solution to problems.
We provide Scheme Actuary, investment and pension scheme administration services to the trustees of a number of trade union staff pension schemes.
Contact us to find out how we help trade unions with pensions
Our briefings give trustees and negotiators regular updates on issues of importance to trade unions.
Click here to download the First Actuarial NFP Brochure
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."
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.”
A market review unexpectedly resulted in a change of provider when trade union Usdaw went out to tender for actuarial, administration and investment services. The selection process revealed scope for improvement in existing administration practices, and Usdaw chose First Actuarial...
First Actuarial’s administration team offered the potential of a transformed service, and swung the selection of an administration, actuarial and investment provider in favour of First Actuarial.