First briefing, June 2020 – Covid-19 update

In this briefing, we discuss the ongoing impact of Covid-19 on UK pension schemes, with focus on the economy, markets and investments, and the impact of excess deaths. We also summarise the most recent guidance issued by The Pensions Regulator.

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.