FAB Index, 31 October 2019 - First Actuarial

First Actuarial’s Best estimate (FAB) Index remained broadly stable over the month to 31 October 2019, with the surplus in the UK’s 5,450 Defined Benefit (DB) pension schemes decreasing slightly from £415bn to £414bn.

First Actuarial case studies

BACB

At London-based British Arab Commercial Bank (BACB), there was an increasing focus on getting a better deal for members of the Defined Contribution (DC) Scheme. First Actuarial helped BACB move the Scheme to a master trust, delivering time and cost savings while improving the member experience.

Standard Group

Independent trustee ZEDRA approached First Actuarial to help take the Standard Group (UK) Pension Scheme through a £26m buy-in and wind-up. First Actuarial supported the Trustee throughout the process, with its end-to-end risk transfer service.

BSRIA

First Actuarial delivered a cost-effective new governance framework to meet the requirements of the general code of practice for the trustees of the BSRIA Pension Scheme.