Housing Briefing, February 2025: Annual FRS 102 survey

This briefing sets out the headline results of our fifth annual survey – the biggest DB survey of the UK social housing sector – which looks at FRS 102 results and assumptions as at 31 March 2024 and provides a useful reminder of the position at the last year end.

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.