Trade union briefing, Q2 2022

In this issue we discuss the impact of the rising cost of living on pensioners and the short-term government support in place. We also cover PASA’s new good practice guidance on Defined Benefit transfers and Government’s recent efforts to encourage better retirement outcomes in Defined Contribution schemes.

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.