All Administration articles – Page 20
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OpinionHow to get a good deal from your TPA
Pension schemes exist with the sole purpose of providing members with the right pension at the right time. The administration provider is key to fulfilling this purpose and ensuring a positive member experience, writes Dalriada’s Adrian Kennett.
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Opinion
How we can cut DB transfer delays
In an increasingly consumer-driven age, the official regulatory standards for the end-to-end time allowed for a defined benefit to defined contribution transfer look positively glacial.
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NewsFirstGroup breaks new ground by merging funds within LGPS
Transport operator FirstGroup has become the first major private sector employer to consolidate its pension funds within the Local Government Pension Scheme, as experts agree that similar mergers could be on the horizon.
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FeaturesForces win back payout for family bereavement
The Ministry of Defence has agreed to introduce the Short-Term Family Pension to the Armed Forces Pension Scheme 2015. The provision, which is in place for members of the 1975 scheme, was not carried over to the new 2015 scheme.
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FeaturesTeachers’ Pensions gets slammed over admin
Teachers’ Pensions, which runs the Teachers’ Pension Scheme, has been criticised by its members over its perceived poor service delivery, as experts highlight the limitations of relying on online servicing.
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OpinionRecovering from a data breach
Oliver Topping at Sackers explains how schemes should react in the event of a data breach.
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News
Employer-hired IFAs could solve member DB transfer advice struggle
Sixty-one per cent of employers say members are having difficulty in finding advisers for pension transfers, a new survey has found, as experts highlighted the need for companies to engage independent financial advisers on behalf of scheme members.
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News
Large scheme admin transitions show need for careful planning
Administration system transitions can be risky, but this has not stopped one of the industry’s largest taking place next month, while other schemes are outsourcing their services in an increasingly competitive environment for in-house teams.
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FeaturesNottinghamshire to create portals for improved admin
The Nottinghamshire County Council Pension Fund is implementing portals for both employers and members as part of a push to improve administration across the scheme.
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Opinion
DC Debate Q3: From platforms to post-freedom changes
In the second part of this quarter’s DC Debate, six experts discuss in-scheme drawdown, platforms, and the pros and cons of running a bundled or unbundled scheme.
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FeaturesBrexit will have little impact on admin, experts say
In pension terms, Brexit is widely expected to affect sponsor covenant and potentially regulation, but will it change how schemes pay pensioners who live in the EU?
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Opinion
How do you pick a good pensions manager?
Any Other Business: From supervising providers and monitoring scheme performance to managing key relationships, the modern day pensions manager is now the ultimate multitasker. So how easy is it to find the perfect candidate?
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FeaturesSouth Yorks fines employers for late contribution returns
The South Yorkshire Pensions Authority has witnessed an improvement in its service delivery, following the launch of a new pensions administration strategy which allows it to fine tardy participating employers.
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OpinionCheck for early warning signs of pension mistakes
From the blog: It’s the nightmare scenario: the Pensions Regulator is due to visit and everyone at the company is filled with dread. What’s worse, it turns out they were right to be concerned.
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Features
Outsourcing admin: What to look out for
Analysis: Outsourcing pensions administration or transitioning to a different provider can be a complicated and time-consuming process. What steps can trustees take to smooth the journey?
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News
Now Pensions withdraws from mastertrust assurance list
Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.
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News
Locum GPs call for pensions admin overhaul
Locum GPs are calling for an overhaul of their pensions administration as sporadic correspondence and scant communication cause confusion.
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OpinionGDPR: Why trustees need to take notice
Claire Bell explains how schemes should prepare to comply with the new data protection regulation ahead of its launch next year.
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NewsTfL adds online self-service in admin refresh
The Transport for London pension fund is introducing a new administration system that will give members a self-service option, something experts say can help reduce costs in the long term.
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OpinionAdmin transitions: Avoid the sting in the tail
Pension trustees should negotiate exit fees even if they are happy with their current administration provider, advises Joe Anderson from administration company Trafalgar House.