Pension services for charities

Getting the most out of your charity’s investment in pensions

As falling income and rising costs continue to take their toll on the third sector, many charities are reviewing their pension provision.

But costs aren’t the only challenge. A good quality pension scheme can be a powerful tool in attracting and retaining the best people.

Whether they participate in a multi-employer Defined Benefit scheme or run their own, charities have to weigh up the risks against the scheme benefits and their own charitable aims.

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How can First Actuarial help?

We bring clarity to the complex world of pensions. Every charity is unique in its mission and the challenges it faces. We’ll listen carefully to your concerns and requirements, and make sure your pension provision aligns with what your charity stands for. We provide specialist services across the full range of pension arrangements that charities have in place. Our consultants have in-depth experience of working with the third sector, and offer clear and practical guidance.

Support for multi-employer schemes

Where charities participate in multi-employer schemes such as the Local Government Pension Scheme (LGPS) or the TPT Growth Plan, we can:

  • Review your pension provision, and put in place alternative arrangements
  • Negotiate on funding, supporting your charity in discussions
  • Provide support for company accounting, and help with FRS 102
  • Communicate with scheme members, in ways that suit you and your employees
  • Set up a salary exchange arrangement, and communicate the benefits to staff
  • Help employees in higher tax bands, and set up policies where needed
  • Manage termination debts, with strategies to mitigate or avoid exit payments.

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Support for individual Defined Benefit schemes

We provide services to help trustees and employers get maximum value from their own Defined Benefit scheme.

For the employer – Our services give employers peace of mind that they are fulfilling their pension responsibilities.

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For the trustee – We offer the full range of services to help trustees run a cost-efficient scheme and look after their members.Find out more

Support for Defined Contribution schemes

We have a range of services to support your Defined Contribution schemes, helping you:

  • Select and design a new scheme to suit you and your employees
  • Manage auto-enrolment and re-enrolment, guiding you through the complexities
  • Set up a salary exchange arrangement that is quick and cost-efficient.

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Investment consultancy

We offer a full service to help manage investments for a pension scheme or the charity’s own endowment funds.

We can

  • Help trustees make informed investment decisions, with investment strategy advice
  • Provide Environmental, Social and Governance (ESG) expertise
  • Select the right fund manager, based on our rigorous, up-to-date research
  • Manage changes to investment strategy, with our transition services
  • Monitor investments and liabilities, and switch assets at the right time.

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Escrow service for charities

We provide expertise on escrow accounts, where charities can set aside funding for pensions with the flexibility to withdraw that money for charitable purposes if it isn’t needed for pensions.

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Why choose First Actuarial?

Across its specialist team, First Actuarial has significant experience in the not-for-profit sector. We have successful working relationships with large charities, such as the RSPB, as well as smaller ones.

Whether your charity runs its own scheme or participates in a multi-employer arrangement, we offer unrivalled pensions expertise. We understand how charities work, and how pension provision sits with your charitable aims and operations.

In the pensions industry, First Actuarial is known for its unconventional thinking, and this helps us find innovative solutions to what can seem intractable problems. At a time of unprecedented challenges, there’s no better time to talk to us about your pension issues.

The charities we work with know that all our staff are driven to getting the best possible outcomes for them. Every client matters to us, whatever its size. If you’re an employer or trustee, find out what we can do to support you.

Get in touch

If you’re an employer or trustee in the charity sector, talk to us about how we can help you

I would definitely recommend working with First Actuarial. Their consultants went over and above the call of duty to make sure the project progressed smoothly. In all areas – overall project and strategy scoping, defined contribution scheme and investment fund advice – the support has been exemplary.

– Claire Beesley, Project Manager, RSPB

First Actuarial case studies

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