DC briefing, Q4 2024 – Value for money framework

On 7 August 2024, the Financial Conduct Authority published a consultation paper, asking for views on its proposals to improve the value for money individuals receive across the workplace DC pensions market. In this briefing, we discuss the details of the proposal and what employers should be doing now.

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.