Housing briefing, April 2024: TPT changes to DC schemes

TPT Retirement Solutions announced changes to the Defined Contribution (DC) schemes they run in a recent communication to employers. In this briefing, we outline the developments proposed and what they mean for employers and members.

First Actuarial case studies

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.

BSRIA

First Actuarial delivered a cost-effective new governance framework to meet the requirements of the general code of practice for the trustees of the BSRIA Pension Scheme.