First Briefing, August 2026 – Normal Minimum Pension Age

The Normal Minimum Pension Age (NMPA) is set to increase from 55 to 57 from 6 April 2028. The increase has been brought about by the Finance Act 2022, which also provides the framework for a 2028 Protected Pension Age. In this briefing, we outline the changes and highlight key actions for trustees.

First Actuarial case studies

Barnardo’s

Leading UK charity, Barnardo’s, needed to review the group life assurance market as its policy approached renewal. First Actuarial listened carefully to Barnardo’s objectives and negotiated a cost-effective group life assurance premium.

BACB

At London-based British Arab Commercial Bank (BACB), there was an increasing focus on getting a better deal for members of the Defined Contribution (DC) Scheme. First Actuarial helped BACB move the Scheme to a master trust, delivering time and cost savings while improving the member experience.

Standard Group

Independent trustee ZEDRA approached First Actuarial to help take the Standard Group (UK) Pension Scheme through a £26m buy-in and wind-up. First Actuarial supported the Trustee throughout the process, with its end-to-end risk transfer service.