Independent schools briefing, Q1 2023

It’s taken a long time, but we finally have some news on the direction of travel for Teachers’ Pension Scheme (TPS) costs from 2024. It’s not good news. In this briefing we discuss what recent TPS developments mean for independent schools, and what the options are.

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.