All Administration articles – Page 24
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News
Aon lifestyling failure leaves members exposed to risk assets
Twenty defined contribution pension schemes administered by Aon Hewitt have seen delays to their members’ derisking strategies, leaving them exposed to risk assets for up to four years longer than intended.
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Opinion
Ready or not: pensions administration post-April 2015
Barnett Waddingham’s Julian Mainwood details the steps trustees and scheme administrators need to take in order to stay on top of the upcoming changes and adapt to scheme members’ needs.
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Features
‘State your complaint’. Dealing with unhappy scheme members
Any other business: Fancy a date with the pensions ombudsman? Thought not. Industry experts argue that a solid complaints procedure can save schemes time and money in the long term.
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News
Jaguar Land Rover drives down DC charges by a tenth as cap bites
Carmaker Jaguar Land Rover has cut its defined contribution scheme charges by 10 per cent as the imminent fees cap pushes down costs for savers across trust and contract-based schemes.
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Opinion
Decoding HMRC’s reading of the VAT verdict
Hogan Lovells’ Katharine Howe explains why HMRC’s guidance on VAT, following important European court rulings, spells good news for DC schemes but bad news for DB.
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News
Civil Service scheme looks to widen comms after payment delays
The Civil Service Pension Scheme plans to turn to Instagram and mobile technology to communicate with members as it recovers from the fallout of its administration transfer in September.
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Opinion
How your scheme can benefit from the VAT changes
With some hard work and careful planning, schemes could recoup sizeable rebates as a result of pension tax changes.
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News
Airport operator to offer flexible drawdown from April
Manchester Airports Group will offer its 2,500 defined contribution scheme members flexible drawdown by the time April's pension freedoms kick in, allowing them to access their savings without having to leave the scheme.
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Opinion
How your scheme can benefit from the VAT changes
Fresh guidance from HM Revenue & Customs on VAT charges for scheme management services may have passed people by during the holiday slowdown.
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Opinion
How to run a beauty parade to find the best adviser for your scheme
Any other business: The time comes when every scheme needs to hire new advisers. But in an industry with such a diverse range of skills, how can you be sure you are hiring the right one?
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Opinion
Why fancy tools are not enough to communicate with savers
AHC’s Karen Partridge discusses where savings tools do and do not work to engage scheme members, and how a successful portal can be a win-win for staff and employers.
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Opinion
Does your scheme lack a 2015 strategy?
Any other business: Most schemes lack a set strategy for the new year, governance experts say, as the industry turns its attention to the challenges of the next 12 months.
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News
GMP reconciliation to be major 2015 challenge for schemes
Pensions professionals have said guaranteed minimum pension equalisation will be their biggest project in 2015, a survey has shown, as the end of contracting out forces schemes to undertake exercises.
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News
TPAS: Wave of requests to hit schemes and administrators in April
The Pensions Advisory Service has warned that scheme trustees and administrators risk being overwhelmed in April by members eager to access their savings at the earliest opportunity, having waited a year for the pension freedoms to come into play.
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Opinion
Schemes are falling short on data. Here are five reasons to improve
Punter Southall’s Rob Saville explores how pension schemes can address a shortfall where one in five have no idea of their common data score, and three in five do not know their conditional data score, in the latest edition of Informed Comment.
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Features
Cambridgeshire fund tightens payment reporting ahead of regulatory changes
Cambridgeshire County Council Pension Fund has mandated its largest participating employer to detail member contributions, in order to more effectively monitor late payments to the scheme as new reporting requirements come into play.
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News
Beauty company nails AE with just one opt-out from 175
NAPF Annual Conference 2014: As smaller employers reach their auto-enrolment staging dates, beauty brand Nails Inc has said only one of 175 opted out when it auto-enrolled staff in January, which it attributed to knowing what level of benefits employees would want.
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News
Budget flexibilities fail to spur DB transfer interest
Predictions that the Budget flexibilities would lure members out of defined benefit pension schemes have so far proved unfounded, as data show no uplift in the proportion requesting transfer value quotations.
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News
How devolution could affect your scheme
Scheme professionals have predicted devolved tax and welfare powers to Scotland, England, Wales and Northern Ireland could increase the cost of administering schemes which have members across the UK, though others doubt the impact.
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Features
Somerset and Devon tighten shared admin strategy to boost employer comms
Somerset County Council Pension Fund and Devon County Council Fund will establish a formal administration strategy in order to improve communication between the schemes and its participating employers.