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Are First Actuarial (Scheme Administrators) aware of your current postal address? If not please complete a change of address notification form to ensure you continue to receive important information about your pension scheme.


Latest news

26/04/2024 - CHANGE OF BANKING ARRANGEMENTS - Please note that with effect from the April 2024 pension payment, due to a change of scheme banking arrangements, the name that will appear on your bank statement will change from Pearl Group Services to P.A.T (Pensions) Ltd. This will have no effect on your regular monthly pension payments.

20/03/2024 - PENSION INCREASES 2024 - The increase to Final Salary, Hybrid and Pre 2019 Money Purchase pensions in payment from April 2024 is 4.5%. The statutory increase to the Post 88 GMP this year will be 3%. The Increases to post 2019 Money Purchase pensions in payment from April 2024 are 2.5% for post 2005 pension and 3.4% for pre 2005 and AVC pensions. The increase confirmation letters are planned to be posted by 15th April but we will update the web site if this is likely to change. If you have any queries on pension increases there is a Questions and Answers document available on the website here.

19/12/2023 - Pensioners pay for December will be paid on the 22nd December.



Frequently Asked Questions

Deferred Pensioner Members

The following questions are frequently asked by our deferred pensioner members:

  • I have never received an annual statement of my final salary benefits. Why?
  • I have preserved benefits within the scheme. What are my options regarding these benefits?
  • Can I switch my Money Purchase Funds?
  • How often can I have a transfer value?
  • When will I receive my Annual Money Purchase Benefit Satement
  • I Have previous pension benefits - Can I transfer them in?

Pensioner Members

The following questions are frequently asked by our pensioner members:

  • How is my pension increase calculated?
  • What is my Guaranteed Minimum Pension (GMP)
  • Can I have my pension paid into an overseas account?
  • I have recently been advised of a new tax coding by Her Majesty’s Revenue and Customs (HMRC). Why are you not using this tax code when calculating my pension?
  • I am separated from my spouse. What will happen to the spouses pension entitlement if I die?

All Members

The following are the general questions frequently asked by all of our members: