The Pension Protection Fund (PPF) has proven invaluable in making pension scheme members more secure. But this security comes at a price, one that is ultimately born by the sponsoring employer. Because PPF levies can form a substantial part of an employer’s total pension spend, it makes sense to minimise the amount payable, and to get timely alerts of forthcoming increases.
We have a specialist PPF team that is highly experienced at reducing the PPF levies of our clients. This may not always be possible, but it’s surprising how often we can save our clients money.
We can help you save money by:
To make sure there are no unwelcome surprises we can also:
When it comes to saving our clients money, we’ve got a great track record.
We work well with the PPF – we know their appeals procedure, and we understand the kind of problems many clients experience with Experian. We can usually identify issues quickly and discuss them informally with Experian or the PPF. Sometimes, we still have to go through formal appeal processes, but we do so knowing what the result will be.
We offer great value for money. We can often work on a fixed fee, having estimated the potential savings. This means that before we start work you know that we’ll save you money.
Get in touch with one of our PPF levy specialists to discuss how we can help you
One of the things I like about First Actuarial is that they’re very responsive. You never have to chase them for anything. They’re pragmatic and cost-effective.
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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.”
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.”
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.”