First Briefing, December 2022: An early Christmas present: TPR’s draft DB funding code

On 16 December 2022, the Pensions Regulator (TPR) launched its long-awaited second consultation on its draft defined benefit (DB) scheme funding code of practice. As well as the draft revised code, TPR is also consulting on its proposed new ‘twin track’ regulatory approach.

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.