First Briefing, October 2022: PPF 2023/24 levy

The Pension Protection Fund (PPF) has published its long-term funding strategy review, alongside draft levy rules for the 2023/24 levy year. This briefing summarises the proposed changes to levy rules and the PPF’s longer-term plans.

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.