Trade union briefing, Q3 2023

In this issue we review the proposed pension reforms set out in the Chancellor’s Mansion House speech, we examine upcoming changes to the PPF levy, and we review a further case of historical mismanagement of the State Pension. We also report back on the CDC fringe meeting which took place at the TUC Congress in September.

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.