All Administration articles – Page 24
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NewsStamp dealer takes adviser to task over admin issues
Stamp trader Stanley Gibbons sought redress from a former adviser after issues were raised concerning the company’s scheme rules, a move that has cost the scheme £1.7m in legal fees.
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NewsFCA pays out £200,000 after benefit error
The Financial Conduct Authority has paid £200,000 to members of its own staff scheme after discovering benefit calculation errors affecting more than 1,200 employees.
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Opinion
Mastertrust discontinuance plans – why we need certainty
As a new wave of mastertrusts enters the market, the Society of Pension Professionals’ Duncan Buchanan asks whether there should be greater assurance that any discontinuance costs will be met in the event of a wind-up.
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OpinionCan DC survive these four key challenges?
The Pension Administration Standards Association’s Michael Mann and Girish Menezes outline the wave of changes hitting DC and what schemes need to do to stay ahead of the game.
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News
DC admin to form heart of engagement efforts, experts say
Leadership of DC summit: Personalised communication and raising engagement levels over time will be a critical part of successful scheme administration in the new defined contribution environment, industry experts have said.
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News
LGPS board seeks to iron out rule imbalances
News analysis: The Local Government Pension Scheme Advisory Board is seeking approval of several proposed changes to local authority scheme rules in order to align certain benefit entitlements with wider public sector norms.
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News
Hutton: Transparency, efficiency and investment must improve in LGPS
NAPF Local Authority Conference 2015: Lord Hutton called on local government schemes to tackle inefficiency and effectiveness ahead of a public sector squeeze.
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Opinion
How trustees can tackle those 3am woes
Bath Actuarial’s Leonard Bowman discusses the nightmares that can keep trustees awake at night – including succession planning, disaster recovery and making the best use of ‘trusted advisers’ – and suggests some useful remedies.
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Opinion
Spring clean your DB data and keep it sparkling
JLT Employee Benefits’ David Hepplewhite explains why record-keeping is just as important, if not as glamorous, as flexible pensions.
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News
Lincolnshire fund enters admin-sharing deal with West Yorks
Lincolnshire Pension Fund has teamed up with West Yorkshire Pension Fund on benefit administration in order to deliver cost savings, in the latest example of local authority collaboration.
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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?