First Briefing, August 2024: DB funding code

After years of waiting, The Pensions Regulator has published the new DB funding code of practice. In our latest First Briefing, we outline the principles behind the code, and discuss key changes since the last draft code, specific guidance for open schemes and small schemes, and information we’re still waiting for.

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.