Pension Cost Accounting Index

The Pension Cost Accounting Index shows the financial position of the UK’s 5,422 DB pension funds on an accounting basis.

This gives Finance Directors early warning of changes in financial conditions.

(Click the colours below to filter graph results)

July 2020 – Commentary

Falls in corporate bond yields and steady expectations of inflation over July led to an increase in IAS19 and FRS102 liabilities. At the same time, growth assets have fallen in value, although increases in the value of matching assets will have offset these losses to some extent. Overall, we have seen a slight worsening of the Pension Cost Accounting position of the UK’s DB schemes, although the position for individual schemes will vary significantly depending on liability profile and investment strategy, among other factors.

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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.

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

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We’re not aware of any document going missing in the process. And it’s maintained very well."



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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