First Briefing, February 2023: TPR’s draft DB funding code

Shortly before Christmas, The Pensions Regulator (TPR) launched its second consultation on the draft Defined Benefit (DB) scheme funding code of practice and new ‘twin track’ regulatory approach. This briefing looks at the draft code of practice in detail.

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.