Defined Benefit services

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Trustee services

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Employer services

First Actuarial helps trustees and employers manage their defined benefit pension schemes

Our experienced consultants work closely with trustees and employees, helping them strike the right balance between cost and risk at all times.

Defined benefit pension schemes can be complicated. At First Actuarial we explain complex issues in simple terms.

We help scheme members make the right retirement choices and get the benefits they are promised.

In our latest survey 100% of clients using First Actuarial’s DB services were satisfied or very satisfied with the quality of our advice, and 100% would recommend us to others.

To find out why, read on and get in touch.

Defined benefit pension schemes – This is what we do to help

We give you high quality actuarial services at a reasonable price

Many trustees and employers are fed up before First Actuarial arrives ‒ They’ve paid a high price for poor services. Our clients tell us that we exceed their expectations, with reasonable fees that we stick to.

We’re experts in administration

Administration is easy to do badly and hard to do well ‒ Ours is no factory operation. We give our administrators the freedom and the time to get the calculations right, and we check them over and over again to make sure.

We give you common sense investment consulting

We strike the right balance between risk and return ‒ We use our specially-developed software to show you how changes in investment strategy can impact the risks you run and the returns you expect.

We give employers good ideas on how best to manage their liabilities

We’ll work with you to manage liabilities in an open way ‒ With our clear and comprehensive information, your members can choose the right options for their needs. And as an employer you’ll know you’ve acted in good conscience.

We're the human face of pensions

Pensions are about people ‒ We’re good at talking and listening. We’ll restore confidence in your scheme by communicating in plain English, and helping scheme members choose the options that meet their needs.

And this is what we don’t do

  • We’ll never sell you unnecessary services

  • We don’t prioritise speed over accuracy

  • We don’t use long words when shorter ones will do

  • We never put our needs ahead of those of our clients

  • We don’t sell fiduciary management services

  • We’re not dogmatic – we take a flexible approach to meeting your needs

How does First Actuarial work in practice?

When we start working with you, we’ll take you through these 4 steps to lift away the pain of managing a defined benefit pension scheme:

Step 1

Set or review your long-term plan

Step 2

Agree the investment approach and set a suitable funding objective

Step 3

Monitor progress with the right information at the right time

Step 4

Help members make the right decisions and appreciate the benefits

Get in touch

Get in touch to find out more about our Defined Benefit pension services.

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Find out more about our Defined Benefit services

Download our Defined Benefit brochure.

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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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Royal Mail

The Communication Workers Union (CWU) enlisted the help of First Actuarial when Royal Mail proposed replacing its Defined Benefit pension fund with individual Defined Contribution arrangements.

“I can’t speak highly enough about First Actuarial – their people have been brilliant. The journey has been inspirational, nothing but a positive experience.”

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SBAC

As a result of an unusual clause in their trust deeds, Trustees of the pension scheme sponsored by the Society of British Aerospace Companies (SBAC) funded their liabilities on a buy-out basis.

“First Actuarial are very proactive. They respond quickly and get things done. They have proved to be competent and conscientious, and have a very professional and personable approach to business relations.”

Read More...
See all our case studies
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