DC briefing, November 2023 – Autumn Statement

The Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement on 22 November 2023. This briefing contains several key announcements, including a ‘pot for life’ and Lifetime Allowance changes. We discuss these changes in detail and consider their impact on DC pension provision.

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.