News and comment

The RSA launches its CDC Pensions Forum to industry acclaim

On 7th July 2021, the RSA launched its CDC Pensions Forum.
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Dolce Ltd Retirement Benefits Scheme Trustees appoint First Actuarial

Dolce Ltd is an artisan catering company, providing school meals of restaurant quality, freshly cooked using raw ingredients. Established more than 20 years ago, they now supply schools across the UK, and served 10 million school dinners in 2018.
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How much will your employees need in retirement?

How much money will your employees need in retirement? According to the PLSA, a single person living outside London would need an annual income of £10,200 for a minimum standard of living in retirement. For couples, this figure is £15,700. And that’s just for the basics and a bit of fun money.
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What do NHS employees say about their pensions?

Concerned about the impact of pensions taxation – and the Annual Allowance in particular – NHS Employers asked First Actuarial to carry out some independent research, to see how widespread the problem was.
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Pension freedoms – How to help your employees manage their retirement income

At First Actuarial, I lead a specialist team that works with employers to provide financial education in the workplace. Pension freedoms is something we often discuss with our clients’ employees, addressing its impact in a range of formats – from group workshops to drop-in surgeries and face-to-face sessions.
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Intergenerational fairness – Why solidarity beats conflict every time

As intergenerational fairness climbs up the political agenda, First Actuarial’s Hilary Salt previews a fringe meeting at TUC Congress, Brighton. Intergenerational solidarity beats intergenerational conflict will explore how pension professionals and trade unionists can work together to improve pensions and living standards across the generations.
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Sorting out GMP equalisation – How hard can it be?

GMP equalisation explained. A step-by-step guide to GMP equalisation calculations for pension schemes and their administrators.
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CDC pension schemes are go! UK Government gives green light to life-changing pension innovation

Hilary Salt welcomes the Government’s consultation response and looks forward to the introduction of a CDC pension scheme at Royal Mail.
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Royal Mail, CWU and First Actuarial – History in the making with CDC pensions

CDC, or Collective Defined Contribution, is now a talking point in the pensions industry, but it all started in the UK when Royal Mail. proposed closing the company’s Defined Benefit scheme
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GMP equalisation and your pension scheme – What trustees need to know and how they can prepare

Part one of a series of GMP updates. The latest GMP equalisation developments, from Robert Wakefield, Head of Pensions Administration at First Actuarial.
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Auto-enrolment is here to stay – So what happens next?

As employers prepare for the second phase of contribution increases, First Actuarial’s Simon Redfern looks at the present and future of auto-enrolment.
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First Actuarial case studies

The Kennel Club

Concerned about the risk of an Employer contribution increase as a result of high liabilities, Trustees of the Kennel Club Pension Fund turned to First Actuarial.

“They’re extremely professional and helpful. Their input always seems sound, logical and well presented. First Actuarial handled the transition well, they provide us with helpful guidance, and have delivered what they promised when they pitched for the work.”

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PremierFirst

PremierFirst makes cost and time savings by moving its documents to First Actuarial’s secure Client Hub

"First Actuarial offered us a sensible and well-priced proposition. They supported us very well in uploading all our information in a structured way.
We’re not aware of any document going missing in the process. And it’s maintained very well."

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RSPB

The RSPB was determined to minimise the impact of its new defined contribution scheme on employees, and appointed First Actuarial to support the transition and select a provider with strong ethical values.

“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.”

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