DC briefing, March 2023 – Spring Budget

In the Spring Budget of 15 March 2023, the Chancellor announced some of the most significant changes to pensions tax legislation in a decade. This briefing sets out the changes to pensions tax relief and suggests a number of actions to consider.

First Actuarial case studies

Usdaw

Trade union Usdaw selected First Actuarial to transform its scheme administration, resulting in improved quality and time-cost savings.

Southern Co-op

First Actuarial's fiduciary management consultants guided the trustees of Southern Co-op through their provider review, delivering fee savings.

Oil and Gas Industry

Oil and gas company DB scheme wind-up resulted in generous transfers for members and £3m surplus for employer, with First Actuarial’s help.