First Actuarial
First Actuarial is a UK-based actuarial and pension benefits consultancy (founded 2004) serving employers, pension scheme trustees, and the charity sector with pension administration, actuarial consulting, employee benefits, and investment services; acquired by Arthur J. Gallagher in December 2025.
- Company typePrivate
- Founded2004
- HeadquartersBasingstoke, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What First Actuarial does
First Actuarial is a UK-based actuarial and pension benefits consultancy founded in 2004 and headquartered in Basingstoke, employing between 101 and 250 people across multiple UK locations. The firm delivers four core professional services to employers and pension scheme trustees: pension administration (scheme management, member communications, regulatory compliance), actuarial consultancy (valuations, funding analysis, risk assessment), employee benefits consulting (health insurance, life assurance, workplace benefits), and investment services (strategy development and monitoring for pension schemes). It also offers an add-on Financial Wellbeing Tool — covering budgeting and debt management — distributed to UK charities via its partnership with the Charities Pensions Club.
The company's business model is professional services engagement-based: revenue is generated through consulting and administration fees paid by employers, trustees, and charity-sector clients, with pricing not publicly disclosed. Its go-to-market is direct enterprise field sales, targeting two primary segments — corporate employers/trustees and the UK charity sector — with a vertical-specialization strategy that emphasizes non-profit pension schemes and their specific funding and regulatory challenges. The firm was led by David Joy at the time of acquisition. On December 2, 2025, First Actuarial was acquired by Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage and risk management firm; it now operates as part of Gallagher's Arthur UK Benefits and HR Consulting Division under David Piltz, with the team retained in place. Deal terms and revenue figures were not disclosed, and no AI/ML technology stack is documented in available sources.
First Actuarial firmographics
Firmographics- Name
- First Actuarial
- Legal name
- First Actuarial
- Website
- https://firstactuarial.co.uk
- Company type
- Private
- Founded year
- 2004
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- First Actuarial is a UK-based actuarial and pension benefits consultancy (founded 2004) serving employers, pension scheme trustees, and the charity sector with pension administration, actuarial consulting, employee benefits, and investment services; acquired by Arthur J. Gallagher in December 2025.
- Ownership category
- akta.pro rank
First Actuarial industry classification
Industry- Product category
- Actuarial and Pension Consulting Services
- NAICS
- Pension Funds (525110), Insurance and Employee Benefit Funds (5251)
- SIC
- Investment Advice (6282), Services-Management Consulting Services (8742), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Trust Administration & Fiduciary Accounting Services (FSAAANAF)
- akta.pro secondary industry
- Personal Trust & Fiduciary Administration (FSAEAKAA)
Keywords
Where First Actuarial is headquartered
LocationHeadquarters
- HQ city
- Basingstoke
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
First Actuarial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Pension Administration Services: Provides pension administration services to employers and pension scheme trustees
- Actuarial Consultancy: Actuarial consulting services for pension schemes and retirement planning
- Employee Benefits Consultancy: Employee benefits consulting services provided to employers
- Investment Services: Investment services for pension schemes and employee benefit plans
Go-to-market motion1 record
Distribution channels1 record
First Actuarial product offering
Product offeringCore offering
First Actuarial provides pension administration, employee benefits consulting, actuarial consultancy, and investment advisory services to employers and pension scheme trustees across the United Kingdom. The firm manages pension scheme operations, delivers actuarial valuations and funding analysis, advises on workplace benefits such as health insurance and life assurance, and supports investment strategy development and monitoring for retirement plans. Following acquisition by Arthur J. Gallagher, the company operates as part of the Arthur UK Benefits and HR Consulting Division.
Product overview
First Actuarial is a UK-based actuarial and benefits consultancy offering a portfolio of core services including Pension Administration, Employee Benefits consulting, Actuarial Consultancy, and Investment Services to employers and pension scheme trustees. The firm operates across multiple UK locations and was acquired by Arthur J. Gallagher in December 2025. An add-on offering, the Financial Wellbeing Tool (provided in partnership with Charities Pensions Club), adds budgeting and debt management capabilities for charity sector clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Pension Administration
Quantifiable outcome
- Partnership renewal to improve pensions skills within charity sector
Companies that use First Actuarial
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
First Actuarial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
First Actuarial partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Charities Pensions Club (CPC)coreCPC has partnered with First Actuarial to provide its members with a free financial wellbeing tool, including budgeting and debt management services. The partnership aims to support charities in managing their pension schemes amid differing funding statuses, with First Actuarial highlighting funding gaps among non-profit pension schemes. The partnership was renewed in January 2026 to continue improving pensions skills within the charity sector.
- Charities Pensions Club (CPC)coreFirst Actuarial and CPC have renewed their partnership to provide practical guidance on regulatory compliance and pressing challenges faced by charity workers. The collaboration aims to improve pensions skills within the charity sector.
Scale indicators2 records
Recent moves4 records
Expansion highlights4 records
First Actuarial competitors and assessment
Company assessmentBroad incumbents
- Willis Towers Watson (WTW): Global advisory firm with a large UK pensions and actuarial practice — a broad incumbent providing administration, actuarial, and investment services alongside broader insurance and HR consulting.
- Aon: Global professional services firm with significant UK actuarial, pension administration, and investment consulting capabilities — competes broadly with First Actuarial but as part of a much wider risk and HR services portfolio.
- Mercer: Global consulting leader (part of Marsh McLennan) with substantial UK pensions, actuarial, and employee benefits practice — a larger incumbent competitor offering overlapping services as part of a broader portfolio.
Direct peers
- Isio: UK-focused pensions advisory and actuarial consultancy offering administration, actuarial, investment, and consulting services to trustees and employers — a comparable UK mid-market pensions specialist.
- Barnett Waddingham: UK actuarial, pensions, and benefits consultancy with a similar multi-service model (pension admin, actuarial, investment, employee benefits) serving employers, trustees, and schemes across the UK market.
- XPS Pensions Group: UK-listed pensions administration and actuarial consulting firm specializing in DB pension scheme services — directly comparable mid-cap competitor in the UK pension administration and actuarial market.
- Punter Southall: UK-based actuarial, pensions, and investment consultancy providing pension administration, actuarial, and advisory services — a comparable UK specialist competing for similar employer and trustee clients.
- Lane Clark & Peacock (LCP): Independent UK actuarial and pensions consultancy providing pension scheme administration, actuarial advice, investment consulting, and benefits services — closely overlapping with First Actuarial's offerings and client base.
- Hymans Robertson: UK-headquartered actuarial and benefits consultancy providing pension administration, actuarial, investment, and risk services to employers and trustees — directly comparable to First Actuarial in scale, geography, and service mix.
- Broadstone: UK pensions, benefits, and investment consultancy providing actuarial, administration, and advisory services — directly overlapping with First Actuarial's core offerings and UK employer/trustee client base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
First Actuarial social profiles
Digital presenceFirst Actuarial financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Actuarial leadership team
Management profileNumber of profiles
Profiles1 record
First Actuarial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Actuarial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Actuarial
What does First Actuarial do?
First Actuarial provides pension administration, employee benefits consulting, actuarial consultancy, and investment advisory services to employers and pension scheme trustees across the United Kingdom. The firm manages pension scheme operations, delivers actuarial valuations and funding analysis, advises on workplace benefits such as health insurance and life assurance, and supports investment strategy development and monitoring for retirement plans. Following acquisition by Arthur J. Gallagher, the company operates as part of the Arthur UK Benefits and HR Consulting Division.
Is First Actuarial a public or private company?
First Actuarial is a private company. It is classified as corporate owned and is currently acquired.
When was First Actuarial founded?
First Actuarial was founded in 2004. It employs 101 to 250 people.
Where is First Actuarial based?
First Actuarial is headquartered in Basingstoke, United Kingdom, in the Europe region.
How does First Actuarial make money?
Four revenue lines are on record. Pension Administration Services are the primary driver. The others are actuarial Consultancy, employee Benefits Consultancy and investment Services.
Who are First Actuarial's main competitors?
Broad incumbents on record are Willis Towers Watson (WTW), Aon and Mercer. Direct peers are Isio, Barnett Waddingham, XPS Pensions Group, Punter Southall, Lane Clark & Peacock (LCP), Hymans Robertson and Broadstone.
Does First Actuarial have an API?
No public API is recorded for First Actuarial.
What industry is First Actuarial in?
First Actuarial's product category is Actuarial and Pension Consulting Services. Its primary akta.pro industry code is FSAAANAF, Trust Administration & Fiduciary Accounting Services, with a secondary code of FSAEAKAA, Personal Trust & Fiduciary Administration. Its NAICS code is 525110 and its SIC code is 6282.