All Administration articles – Page 18
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News
Trustee fined for tardy transfer and reported to TPR
On the go: The Pensions Ombudsman has upheld a complaint against the trustee of the Commando 2012 Pension Scheme for failing to a pay a transfer payment within the statutory time frame.
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News
Arcadia future hangs in balance as crucial vote delayed
On the go: Sir Philip Green’s Arcadia Group postponed a creditors’ meeting until June 12, after the floundering company failed to secure sufficient initial support from landlords.
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News
Light at end of tunnel in Barnet admin fiasco
Long-running issues with poor-quality data at the London Borough of Barnet Pension Fund, administered by Capita, are at last showing some signs of improvement.
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OpinionAvoiding environmental catastrophe is not just about investments
In its preoccupation with the impact on investments on environmental, social and governance issues, Trafalgar House Pensions Administration’s Daniel Taylor says the pensions industry has overlooked climate impacts much closer to home.
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News
Nest seeks new third party administrator
On the go: Master trust Nest has invited bids to take over the administration of its 8m-member scheme from 2023, as regulations force the scheme to re-tender at the end of its current contract.
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OpinionDarbyshire joins LPP as head of pension admin
Data remains a key issue for pension funds, according to the Local Pensions Partnership’s Joanne Darbyshire.
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NewsField blasts lack of support for plumbers faced with huge DB debts
The Work and Pensions Committee has warned the government that “much more needs to be done” to support small plumbing businesses being faced with potentially crippling debts to the industry’s multi-employer defined benefit scheme.
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FeaturesTRW Pension Plan merges with ZF schemes
Automotive manufacturer TRW has merged its defined benefit scheme with those of its German parent company. While consolidation of this kind can lead to cost savings and better governance, experts say there are limited administration benefits to scheme mergers, unless trustees are prepared to invest.
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News
TPR works with Oxfordshire fund to fix admin woes
On the go: Ninety-nine per cent of active members of the Oxfordshire County Council Pension Fund have received a 2017-18 annual benefit statement, following regulatory intervention after no annual statements were issued for 2014-15.
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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.