April 11, 2019

On 3rd April, a panel session at PMI Pensions Aspects Live 2019 discussed Royal Mail as a CDC (Collective Defined Contribution) case study.

Hilary Salt described how First Actuarial worked creatively to find a solution that met the CWU’s aim of providing an income in retirement with one scheme for all members, while addressing Royal Mail’s financial concerns. Terry Pullinger from the CWU paid tribute to the innovative work of First Actuarial in overcoming the challenges involved.

The speakers were First Actuarial’s Hilary Salt, Douglas Hamilton (Head of Pension Strategy, Royal Mail), Terry Pullinger (Deputy Secretary General, CWU) and Richard Campbell (Senior Director, Wills Towers Watson).

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First Actuarial case studies

The Kennel Club

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.”



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.”


Bolton Cares

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.”

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