Pension cost accounting

Employers are accountable for their pension costs

Today’s employers are accountable for every business cost, and that includes their pension schemes. They need the right pension information at the right time, to fit in with their year-end processes.

How can First Actuarial help?

We provide high quality pension cost accounting services at a reasonable fee. We produce our calculations quickly and accurately, making sure you get the information you need, when you need it.

We deliver a bespoke service to fit individual client needs. Some clients need a no-fuss compliance service, with timely and accurate delivery for a competitive fixed fee.

Others require a fuller service with initial estimates, early delivery of preliminary results, meetings to agree assumptions, and the provision of future projections.

We can help with whatever you need.

Why choose First Actuarial?

We have a wide range of clients accounting under each of the key accounting standards – FRS102 in the UK, FAS87/158 in the US and the international IAS19.

With this breadth of experience, we can pre-empt the issues involved when changing to IAS, for example, or reporting under both a local standard and IAS via a parent company.

We have developed innovative software tools to support our accounting work:

  • Valuation Viewer helps you understand the potential impact of each assumption on actuarial calculations. That way you can focus on the assumptions that matter, and make informed decisions.
  • Firstview keeps you up to date with the year-end accounting position of your scheme, so there are no unwelcome surprises when you receive our formal report.

As a specialist provider of actuarial and administration services for pension schemes, we can look at the bigger picture, as well as help you tackle specific problems such as balance sheet volatility or cash flow concerns.

Get in touch

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

The team provide a very personable service, talking issues through with us to clarify exactly what our requirements are and making us fully aware of any professional implications that may be involved. Work is always produced to a high standard and to whatever format best suits our needs. I believe the service they provide is good value for money and to a high standard. I would recommend them.

- Ravinder Ahluwalia, Group Head of Procurement and Facilities

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.”


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.”



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.”

See all our case studies
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