Investment review

Trustees need long-term returns on scheme investments

Trustees of defined benefit pension schemes are responsible for setting investment policy. But although they have to consult with the employer before finalising their policy, this often ends up as a cursory exercise with no real discussion or debate.

Investment policy is crucial to the scheme in two ways – placing a value on its liabilities and determining the contributions needed to fund it. So it’s vital that employers engage in the detail of investment discussions, making sure the policy aligns with the company’s long-term plans.

How can First Actuarial help?

We offer a comprehensive investment service to help employers shape their trustees’ investment decisions.

A typical project may involve:

  • Helping the employer agree a long-term goal for the scheme
  • Reviewing investment strategy – making sure the current or proposed strategy aligns with long-term plans
  • Suggesting improvements to trustee strategies – either to reduce risk, increase return or make cost savings
  • Attending a meeting to help the employer agree a new investment strategy with the trustees.

Alternatively, we can help employers monitor investment performance, whether trustees use one Fiduciary Manager or several investment managers.

We’ll make sure that trustees give due consideration to your objectives, and that you get a say in investment decision-making.

Why choose First Actuarial?

Our consultants are able to explain the complexities of investments, and provide clear, pragmatic advice. We use in-house software to demonstrate the impact of different investment strategies.

We maintain close relationships with fund managers, who keep us informed of new developments, and we share their insights with our clients.

We are used to working closely with trustees. We know how they think and what they’re prepared to accept. We bring trustees closer to employers.

Get in touch

Get in touch with one of our investment consultants to discuss how we can help you.

The advice we received was very helpful and the consultant took time to explain it to those for whom investment was not a strong point.

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.”

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See all our case studies
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