First Actuarial renews partnership with Charities Pensions Club

First Actuarial and Charities Pensions Club have renewed their partnership with the shared aim of developing pension skills in charitable organisations. The organisations are committed to levelling up charities, many of which struggle to meet their pension obligations with limited resources.

Late in 2025, First Actuarial carried out the  biggest survey of pension scheme funding in the UK third sector. Spotlighting a wide gap between large and small third sector organisation, the research shows that around seven-in-ten charities have less than £10 million in their defined benefit scheme, leaving them open to higher running costs and limited insurance options. Now, the firm is looking to help charities close that gap.

Chloe Scragg, director of the Charities Pension Club (CPC), said, “Not every charity has a dedicated pension manager and many struggle with limited resources. Working with the CPC, First Actuarial gives charities specialist support, and even second opinions on pensions advice. They’ve certainly delivered on their promise to help CPC members with high-quality sessions and I’m delighted to keep them on board.”

As CPC’s actuarial partner, First Actuarial has already impressed the club’s members – charity professionals with pension responsibilities – throughout 2025 with practical guidance on pressing challenges such as compliance with the new funding code. Now, in its renewed, second year of partnership, First Actuarial is offering employees of CPC members free access to its premium Financial MOT tool for employees. Financial wellbeing is a high priority for employers across the charity sector, as employees’ living costs continue to soar. The organisations believe this the tool will help CPC members understand and alleviate the concerns of their people.

Natalie Ogden, associate partner at First Actuarial, added, “We recently published a charity survey highlighted the gap between ‘haves’ and ‘have-nots’ in charity pension funding. First Actuarial shares the CPC’s commitment to helping charities of all sizes to meet their pension obligations and it’s great to be working with them to that end.”