The Charities Pensions Club appoints First Actuarial as actuarial partner
4 February 2025
The Charities Pensions Club (CPC) – a member-based organisation which partners with specialist organisations to help not-for-profit organisations provide high-quality pensions – has appointed First Actuarial as its actuarial partner.
Chloe Scragg, Director of the Charities Pensions Club, says: “First Actuarial’s strong presence in the not-for-profit sector really stands out, and I’m confident that they’ll understand our members’ needs. Their proactive outlook will work well with the CPC, which is a small and dynamic organisation. They’ve got lots of good ideas.”
First Actuarial’s client base includes more than 200 not-for-profit organisations, such as charities, independent schools and housing associations.
Chloe says: “In most CPC member organisations, someone – a finance director or HR manager, for example – will be managing pension provision single-handedly. The CPC brings these people together, providing a supportive peer network and putting specialist partners such as First Actuarial in place.”
First Actuarial’s guiding principle in its work with not-for-profit organisations and charities is to strike the right balance between pension benefits and charitable aims.
Dale Walmsley, Partner at First Actuarial, says: “We build client relationships based on value rather than fee generation, an approach which aligns with the not-for-profit ethos. We plan to use our pension expertise to share knowledge and drive debate in the CPC community around key developments such as The Pensions Regulator’s new funding code. In turn, that will deepen our understanding of the third sector, benefiting both CPC members and our own clients.”
As CPC partners, First Actuarial will actively participate in events around the year, hosting a hybrid seminar on a subjecs chosen by members and speaking at the CPC’s annual conference.
Chloe concludes: “My early impressions are that First Actuarial are proactive and energetic. Their understanding of the sector comes across clearly. And they’re sensitive to the reputational risks and resource constraints that charities face in managing their pension schemes. I’ve got high hopes for our partnership.”
