What is your long-term funding strategy? Is it self-sufficiency, or to have enough money to buy out your scheme with an insurer?
Assets and liabilities are volatile, and funding levels even more so. Against this backdrop of market change, trustees need certainty that they are switching assets at the best moment to meet their long-term funding strategy objectives.
Investment strategy changes are complex, and many trustees miss opportunities by failing to react quickly enough.
First Actuarial helps trustees get the best possible outcome from market volatility by identifying the best time to make investment switches.
We work with trustees to define triggers for action, based on funding strategy and the specific needs of the scheme. This puts trustees in a position to take advantage of opportunities as they arise.
We offer a range of services that will meet the specific needs of your pension scheme, from simple market-based yield triggers to bespoke funding-level monitoring on a daily basis.
We can offer you an experienced and knowledgeable consultant, secure access to fund information on our online Hub, and specialist services at competitive rates.
With First Actuarial’s expert investment team behind you, your scheme is more likely to achieve its target date and reduce uncertainties in long-term planning. We give trustees peace of mind that they won’t miss the chance to lock in funding improvements.
We agree a long-term plan with the trustees, and help set triggers for action that align with the long-term funding strategy. This might involve switches from growth to liability-matching assets at specified points, for example.
We monitor your scheme investments closely, and when a trigger is reached, we make switches at the right moment. We implement them quickly to lock in any sudden funding gains before they disappear.
Trustees can obtain up-to-date asset valuations and details of funds whenever they need to, on the Triggers section of our Hub – a secure client area of the First Actuarial website. Triggers also provides monthly snapshots to keep trustees informed of funding level progress.
We’ve de-risked our Scheme twice recently using firstflight. Each time it was a real comfort to protect improvements in funding level and give ourselves much greater certainty of reaching the point where it’s unlikely the Scheme will need further contributions from the Company.
– Mark Bent, Chair of the Trustees of the UCI Logistics Pension Scheme
Download our Client Hub brochure.
