First Briefing, September 2026 – Pension Schemes Act 2026

The Pension Schemes Act 2026 has arrived. After much back and forth between the Commons and the Lords, the Pension Schemes Bill finally received royal assent on 29 April 2026, bringing in a range of pension reforms. This briefing highlights the key provisions trustees and employers should have on their radar.

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.