All Administration articles – Page 23
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FeaturesTelefónica rings the changes with pensions modelling tool
A new online pensions modeller is being launched for defined contribution members of the Telefónica UK Pension Plan, but some experts have questioned the benefit of such tools.
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NewsQuestions surround Bernard Matthews sale as PPF prepares to step in
Turkey producer Bernard Matthews has gone into administration, with the pension scheme expected to enter the Pension Protection Fund assessment period, but questions remain as to why the scheme was allowed to fail.
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NewsPensions Regulator: Cyber security should be key on risk registers
Trustee boards should be assessing their risk of cyber attack and taking steps to protect member data and scheme assets, the chief executive of the Pensions Regulator has said.
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News
New DC code of practice: Greater clarity, but niggles remain
The Pensions Regulator this week published its new defined contribution code of practice, clarifying its position on a number of issues, but experts still had questions about its criteria for assessing value for scheme members.
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Features
GMP top priority this year but trustees could be missing the bigger picture
Respondents to consultancy Capita’s ‘Pension scheme insight report’ cited guaranteed minimum pension reconciliation, member communications and derisking as their main concerns for 2016, but experts say there are more acute challenges that schemes fail to address.
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OpinionBreak down DC charges to assess value for money
Value for money is at the heart of defined contribution, but asset manager AB’s David Hutchins says cheap investments do not always make for a cheerful retirement outcome.
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News
Tesco gears DC default towards freedoms
Supermarket Tesco has a new default investment structure aimed at allowing members to access the full range of freedoms in its recently established defined contribution plan, but administrative complexity still holds many schemes back.
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Features
MyCSP issues bring home admin transfer risk lessons
The National Audit Office has called on civil service pension scheme MyCSP and the Cabinet Office to increase employer involvement in a report examining problems with the scheme’s transition to in-house administration.
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NewsBank error slows Shell pension payments to members
A Bacs processing error at Royal Bank of Scotland last week caused delays in pension payments to 30,000 members of oil giant Shell’s UK defined benefit schemes.
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NewsNI police pension payment glitch puts spotlight on admin
A technical error at the Police Service of Northern Ireland pension scheme has caused a delay in the payment of pensions to 12,000 former police officers and dependants.
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FeaturesThe top 5 DC stories from 2015 reflect a challenging year
Year in Review: It was a massive year for defined contribution, with new pension flexibilities, the subsequent government guidance promise and of course the charge cap to contend with.
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News
LGPS under fire on costs to members
Reporting and cost disclosure across the Local Government Pension Scheme must become more transparent, experts have said, as a new report highlights wide disparity in the levels of charges passed on to scheme members.
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Opinion
Aligning admin systems in the pre and post-retirement worlds
Managing the risks associated with post-retirement investment is a tricky business. Data specialist Veratta’s Tom Nimmo explains how administration plays a key part in getting it right.
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OpinionNext-gen auto-enrolment support for smaller employers
As nearly 2m smaller employers reach their auto-enrolment staging dates, Smart Pension’s Griselda Williams asks what is being done to support them?
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News
Lothian uses SPVs to sharpen in-house focus
Lothian Pension Fund is expecting to get Financial Conduct Authority approval for two special purpose vehicles by early 2016, as it looks to improve its in-house investment capabilities and foster better collaboration with other funds.
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News
NESPF saves 108 days with new payroll software
North East Scotland Pension Fund has made “huge savings” in administration costs and time through its new payroll software, allowing it to focus on the changing structure of the Scottish Local Government Pension Scheme.
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OpinionWhat can be done to strengthen quality signposts among TPAs?
In the absence of a third-party administrator kitemark, Barnett Waddingham’s Julie Walker gives her tips on how to spot a quality administrator.
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Features
What prep have trustees made ahead of any tax changes?
Any Other Business: John McDonnell has laid bare his plans to end austerity and tackle the deficit by taxing the rich.
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News
How scrapping short-service refunds affects DC and employer costs
Trustees and sponsors of workplace defined contribution schemes need to review their scheme rules, administrative processes and member communications to reflect the abolition of short-service refunds on October 1.
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News
S.Yorks misses deadline as admin woes heap pressure on LGPS
Teething issues following an administration overhaul at South Yorkshire Pensions Authority has delayed the delivery of members’ annual statements, amid a challenging backdrop of wider fundamental reform across the Local Government Pension Scheme.