Housing briefing, December 2022

This briefing sets out the findings from our third annual survey, which looks at FRS 102 results and assumptions as at 31 March 2022 for the social housing sector. Our survey covers 234 results, representing over £11bn in pension accounting liabilities.

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.