Mortality briefing, February 2024

The Continuous Mortality Investigation (CMI) has released a new set of mortality tables, the S4 tables. For the first time, the CMI includes postcode data in new S4 tables. The tables also point to a slight reduction in life expectancy, although the impact on individual schemes will differ.

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.