First Briefing, January 2024: PPF update

The Pension Protection Fund (PPF) has confirmed its final rules for the 2024/25 levy year. In this briefing, we summarise key changes to the levy rules and discuss the future of the PPF levy.

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.