Trade union briefing, Q1 2023

In this issue we review the pensions tax reforms introduced in the Chancellor’s Spring Budget, along with the proposed widening of the auto-enrolment criteria. We also examine new research on whether we are saving enough for retirement and provide an update on the Pensions Dashboards Programme.

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.