First Actuarial

HomeAbout usServicesContact usClient HubEvents and training
TrainingFirst Actuarial Client Conference
FAB IndexPCA IndexCase StudiesShare-based paymentsMonkey League

Careers

Current vacanciesGraduates and studentsExperienced professionalsOur working cultureProfessional development

Defined Benefit

Defined Benefit homeTrustee Services
Scheme Actuary servicesAdministration servicesInvestment consultancyCommunication servicesBuying-in and buying-outHelp with the PPF levyGovernance and scheme secretarial
Employer Services
Scheme review and designPension cost accountingFunding negotiationsInvestment reviewLiability managementBuying-outCorporate changeHelp with the PPF levy

Defined Contribution

Defined Contribution homeSalary exchangeGovernanceFinancial wellbeingHelping employees understandDesign and benchmarkingAuto-enrolment and re-enrolmentSelect a providerHelping with investment choices

Financial wellbeing

Financial wellbeing homeOngoing support for employeesSupporting employees through changeOur building blocksRetirement Planner

Investment services

Investment services homeInvestment strategy reviewLong-term funding targetsESGInvestment monitoringTransition managementInvestment research serviceFiduciary manager selectionCapture funding improvements

CDC

CDC homeCDC consultancy

Not for profit

Not for profit homeHousing associationsIndependent schoolsLGPSTrade unionsNHSCharities

Knowledge

Knowledge and newsNews and commentCase studiesResourcesGMP equalisation

Working in First Actuarial’s administration services team

What does the administration services team do?

We’re the people who look after pension scheme members, making sure they understand their benefits and rights fully enough to make important decisions. This involves communicating complicated issues clearly, either in writing or over the phone. Our administrators are open and friendly, able to put members at ease.

Many members feel swamped by all the pension information out there and the choices they have to make. We pride ourselves on the support we give them and the clarity of our information. Because our staff have no internal targets to meet, they can spend as long as necessary talking to members who need our help.

As well as dealing with members, we oversee the day-to-day running of pension schemes. We are the glue that holds everything together, making calculations and dealing with third parties like HMRC and The Pensions Regulator, to help schemes run smoothly.

How does the administration team train and develop its staff?

For staff members who are totally new to pensions, we provide an induction programme, which covers the basics. You’ll then study for the Pensions Management Institute Award in Pension Essentials (PMIAPE). Spread across five units, PMIAPE gives people the grounding needed to work in the pensions industry.

Upon successful completion of PMIAPE, staff are encouraged to start working on the PMI Certificate for Pensions Calculations. This deals with a whole range of day-to-day pension calculations, and is a fundamental building block for pensions administration work.

What does career progression look like?

Starting as a trainee, you’ll become an experienced pensions administrator. From there, your progression into a more senior role will depend on your own strengths and preferences.

If you’re someone who suits people management, we’ll look at developing you into a team leader, and maybe upwards from there. If, on the other hand, you prefer to focus on client work, then you can move into a role like scheme secretary and, ultimately, consultant. For those with good IT skills, we also have our own administration systems team.

In every area of pensions administration, irrespective of the career choices our staff make, we give people the space and opportunity to grow to their full potential.

Meet the administration team member

Gary Potts

Meet Gary

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.”

Read More...

PremierFirst

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

"First Actuarial offered us a sensible and well-priced proposition. They supported us very well in uploading all our information in a structured way.
We’re not aware of any document going missing in the process. And it’s maintained very well."

Read More...

RSPB

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.”

Read More...
See all our case studies
© 2020 First Actuarial | Site By Punch Creative