Employer briefing, Quarter 1 2024

Around two-thirds of employers have a year-end at 31 December. In this briefing we explore what your Defined Benefit (DB) accounting disclosures as at 31 December 2023 might look like. We also discuss key developments in the pensions industry and how employers should be planning.

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.