First briefing, February 2018 – Auto-enrolment contribution phasing

When the government introduced auto enrolment in 2012, it set minimum contribution levels that would increase over time. The first increase of this ‘contribution phase’ takes place on 6 April 2018. This briefing sets out the new rates and provides guidance on member communication and consultation, and the processing of partial payment periods reduced contribution rates.

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.