First Actuarial is at the forefront of introducing CDC schemes in the UK.
When Royal Mail proposed replacing its DB pension fund with individual DC arrangements, the Communication Workers Union (CWU) enlisted the help of First Actuarial. We proposed the idea of CDC to Royal Mail and played an instrumental role in the successful negotiations that followed.
As a result, Royal Mail is now introducing the UK’s first CDC scheme, which will provide a career-average pension of 1/80 of pay for each year’s service.
Our pioneering role makes us the best people for you to work with on CDC. We will give you more choices of ideas and designs than any other consultancy.