Special independent schools briefing, November 2023

The anticipated and feared 2020 Teachers’ Pension Scheme (TPS) valuation results are now confirmed; the Government Actuary’s Department (GAD) has published the valuation report. In this briefing, we take a deep dive into the results and what they mean for independent schools.

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.