All Administration articles – Page 17
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Opinion
Administration transfers: Do not let one partner step on the other’s toes
Chris Tagg and David Pharo of the Pensions and Administration Standards Association outline new guidance for changing third-party administrators, stressing the importance of one partner leading throughout the process.
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PodcastsPodcast: Is LGPS governance up to scratch?
Podcast: From asset pooling and actuarial valuations, to administration and data, local government pension schemes have a lot to think about this year – meaning good governance is more important than ever. In this podcast episode, Kirsty Bartlett, partner at law firm Squire Patton Boggs, and Ian Colvin, head of LGPS benefits and governance at Hymans Robertson, discuss potential conflicts of interest, pressure on fund resources and the importance of focusing on administration.
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NewsABF switches platforms for reduced fee and wider range of funds
The trustees of the Associated British Foods defined contribution pension plan have decided to switch to a new investment platform so that members benefit from a wider range of fund choices and a cheaper platform fee.
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OpinionKeep in mind the member impact of pension changes
There is a danger that we in the industry focus on numbers and theory when discussing the latest pension trends – for those not on the frontline dealing with members it can be all too easy to miss the human impact of decisions made by trustees, sponsors, advisers, providers and government.
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FeaturesDoctors express anger at NHS scheme failings
The leviathan NHS Pension Scheme is under fire again, with a Byzantine labyrinth of responsibilities, administration failings, and frustrations at government pensions policy infuriating medical staff.
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News
Unregulated companies source of 52% of all scams
On the go: More than half of all scams can be linked back to unregulated introducers or advisers, according to research by the Pension Scams Industry Group.
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News
PASA looks to future of e-administration with scheme survey
The Pensions Administration Standards Association is calling on the pensions industry to open up about the quality of their administration and members' use of technology in a new survey.
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News
PASA looks to future of e-admin with scheme survey
The Pensions Administration Standards Association is calling on pensions managers and scheme trustees to open up about the quality of their administration in a new survey.
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News
TPR confirms Now Pensions admin crisis largely over
On the go: The Pensions Regulator has confirmed today that Now Pensions has overhauled its administration system.
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News
DB providers lag on administration with months-long info delays
Defined benefit pension providers are lagging behind their defined contribution counterparts when it comes to providing information necessary for advising members on matters such as pension freedoms, recent research has shown.
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FeaturesM&S portal launch sees 12,000 DB members sign up
Marks and Spencer has launched a new portal service for its defined benefit scheme members, offering access to pension records on demand and enabling them to complete a wide range of tasks.
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OpinionFive challenges in pensions administration for 2019
The Pensions Administration Standards Association’s Lorraine Harper argues that 2019 could see the administration of pension schemes reach a tipping point from which it could change irrevocably.
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PodcastsPodcast: Next steps for the pensions dashboard project
Podcast: Earlier this month, the Department for Work and Pensions published its long-awaited feasibility report and consultation on how the industry can create online pensions dashboards. What does the industry make of the study? And how much progress is needed to make the project a success? In this episode, Girish Menezes, board director at the Pensions Administration Standards Association, and Anthony Rafferty, managing director of fintech company Origo, discuss compulsion, dashboard governance and data.
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OpinionWill DC pensions be the next big litigation target in the UK?
A lack of engaged and educated savers in defined contribution means pension money is ‘sticky’ for providers. Redington’s Natalie Flood raises the prospect that where fiduciaries do not tackle legacy issues on behalf of their members, they could open themselves up to a backlash.
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News
Tower Hamlets completes £700m equity protection strategy
On the go: The London Borough of Tower Hamlets Pension Fund has undertaken a £700m equity protection strategy with Schroders.
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Features
Could co-sourcing be the answer to rising pensions admin woes?
Analysis: Uncertainty is an overused word in the pensions landscape, yet it is particularly appropriate when we speak of administration, which is teetering on the brink of crisis.
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OpinionIncreased self-service will boost data quality and raise admin standards
Good-quality, complete data is essential for pensions administration. Heather Quelch, head of pensions administration at TPT Retirement Solutions, discusses data cleansing and the importance of self-service for members.
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News
ACA and Royal London call for radical simplification of DB rights
Consumers and employers could reap substantial benefits if the complex patchwork of defined benefit pension rights could be radically simplified, according to a recent policy paper.
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OpinionWhy does DC still go wrong?
Manual interventions in automatic processes mean there is still the potential for defined contribution administration to go wrong. Taking a step back could help trustees and administrators spot mistakes before they are too difficult to unpick, says the Pensions Management Institute’s Lesley Carline.
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News
How far away is the pensions dashboard from becoming a reality?
A complete and up-and-running pensions dashboard could be years away, according to experts, as implementation and credibility concerns come to the fore.