All Administration articles – Page 2
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NewsSPP labels inheritance tax payment proposals ‘very problematic’
Requiring pension scheme administrators and trustees to take responsibility for inheritance tax payments could cause problems, according to the SPP - and there are viable alternatives.
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NewsTPR moving towards prudential regulatory approach
The regulator intends to move to a more prudential style of regulation as pension schemes grow larger and the government encourages consolidation.
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NewsLook beyond dashboard connection date, schemes told
With a connection timeline established, trustees need to address dashboard needs and work with third parties to achieve them, delegates at the PLSA conference heard last week.
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NewsTyne & Wear, Teesside to create admin ‘centre of excellence’
The Tyne & Wear and Teesside pension funds have agreed a partnership to establish a shared administration function.
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NewsSavers not keen on AI in pension communications, research shows
Scheme members are reluctant to engage with their pensions using artificial intelligence and other forms of technology, according to Trafalgar House.
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NewsTPR homes in on administrators in engagement drive
The regulator has opened a voluntary collaboration offer to administrators and flagged a lack of investment in technology.
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NewsMarwyn targets admin sector with InvestAcc buy
London-listed Marwyn Acquisition Company II is to buy administration provider InvestAcc Group, with the aim of building a market-leading administrator for the UK.
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OpinionRestoring member data integrity as dashboards approach
The maintenance of pension scheme records has not kept pace with the digital age, warns Heka Global’s Max Lack.
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OpinionThe future of the Pension Scams Industry Group
After a decade of volunteer-led work on addressing scams in pensions, the Pension Scams Industry Group needs support and engagement in order to continue, writes its deputy chair Tommy Burns.
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NewsErrors ‘could cost DC members thousands’ in lost contributions
Data errors affecting defined contribution (DC) scheme members are becoming “increasingly commonplace” and could cost them thousands in lost payments, according to Hymans Robertson research.
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OpinionHow pension schemes can overcome their diverse communications challenges
How to turn consumers’ fear, detachment and complacency into action
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NewsPensions admin under the regulatory spotlight
The Pensions Regulator may soon turn its focus to administrators
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OpinionThe opportunities of identity management
Pension Tracing Day this month is the right time to look again at identity management, writes Zoe Horsfield.
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NewsTPR: Why pension administrators are in the regulator’s sight
Policy initiatives including pensions dashboards and value for money, as well as challenges including Covid and cyber leaks, have prompted The Pensions Regulator to change its approach to the regulation of administrators.
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NewsPASA releases new guidance on DB data accuracy
The Pensions Administration Standards Association (PASA) has today (14 August 2023) launched new guidance on data accuracy for defined benefit (DB) schemes.
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OpinionSmall schemes face big decisions amid growing cost pressures
Broadstone actuarial director Andy Thomson looks at the challenges facing trustees of small defined benefit schemes amid shifting regulation and a turbulent macroeconomic environment.
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NewsPensions admin: No longer the Cinderella function
Pensions administration is often considered a sleepy backwater for technical pensions nerds, but its time has come, and 2023 is going to be the year of the administrator.
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OpinionAdapting solutions to member needs in today’s world
Railpen chief officer for benefits Paul Sturgess explains how member communication has evolved and how education, collaboration and technology are now integral parts of pensions admin.
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NewsDWP details conditions for schemes to defer dashboards deadline
Pension funds will only be allowed to defer their dashboards staging deadline if they are transferring data to a new administrator or are in the process of retendering their scheme administration, new guidance has revealed.
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NewsPHSO finds ‘maladministration’ in DWP’s complaint handling
On the go: The Parliamentary and Health Service Ombudsman has found evidence of “maladministration” in the Department for Work and Pensions’ communication about changes in women’s state pension and in its complaints handling.