What our clients say

"Having recently appointed First Actuarial, we have, within a short period of time, reviewed and assessed all aspects of our Company's pension fund. We have been most impressed with their efficient, professional approach and would have no hesitation in recommending their services to any potential customer."

David Brunton Managing Director

Benefit Review and Scheme Design

Our benefit review service evaluates your current pension arrangements and suggests alternatives to help you find the best solution for the various stakeholders (i.e. the employer, the employees, shareholders etc).

We can consult on a full range of options for your pension scheme - including final salary, cash balance, occupational defined contribution and "off the shelf" solutions such as stakeholder plans. We have experience of all types of scheme and have the knowledge to guide you to the right scheme for your needs.

Our experience has shown that many employers persist with inefficient, inappropriate and sometimes costly aspects of scheme design. Our benefit review highlights where changes could be made, the benefits those changes would bring and sets out the process for implementing the changes.

Should you decide to modify your scheme design, we will work with you to implement changes as quickly and efficiently as possible. We have a vast amount of experience in helping with the communications process involved with making changes and negotiating with trustees. Following, or as part of any changes, we are also well placed to advise on strategies to reduce liabilities or manage down a closed scheme.

To talk to one of our experienced actuaries about our benefit reviews please contact your local First Actuarial office.