Independent schools briefing, August 2024

The indicative results of the 2023 valuation of the Independent Schools’ Pension Scheme (ISPS) are out. The headline results are described as “extremely concerning” by the ISPS Employer Committee. In this briefing we discuss the indicative results.

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.