First Actuarial

Henry Tapper says the Lloyds GMP ruling will see little benefit for members but profound fees to administrators.

Hilary Salt says we should look again at whether DB schemes should provide a partner pension given the vast social changes over recent decades

The UK's 5,588 defined benefit (DB) schemes had a combined surplus of £382bn at the end of June, according to First Actuarial's best estimate index (FABI).

Hilary Salt says by blurring the line between what is legally required and what 'feels fair', we create uncertainty about what is and isn't allowed

All 6,000 UK schemes had a surplus of £361bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.

Henry Tapper says while most IGCs are making progress, there is still a long way to go until they fulfill the promises set by the OFT.

Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.

Hilary Salt says DC is merely a savings vehicle, and argues collective DC would provide a wage in retirement more efficiently

The UK's defined benefit (DB) pension schemes were 129% funded on a 'best estimate' basis on 31 December 2017, according to First Actuarial.

All 6,000 UK schemes had a surplus of £358bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.