All Data articles – Page 15
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NewsSchemes must play part in war on scams
Pension schemes and providers have been urged to increase member awareness of scam tactics and tighten data security, amid the revelation that average losses from fraudulent and inappropriate inducements eclipsed the size of the average pension pot in the UK.
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OpinionWhat the regulator’s corporate plan means for pensions administration
Trafalgar House’s Michael de Souza explains what the Pensions Regulator’s corporate plan for 2018-2021 means for pensions administration.
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OpinionA checklist for top bulk annuity pricing
From the blog: 2018 is predicted to see an unprecedented volume of pension schemes seeking to derisk using buy-ins or buyouts. Given the finite resources of providers, pension schemes should expect a level of selection in what insurers will focus on – not all providers will necessarily quote on every transaction that comes to market.
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OpinionPASA outlines five pillars of DC administration governance
Defined contribution administration governance is an often overlooked area, but anyone involved in DC should understand the five key elements of administration and how they impact their role, writes PASA’s Gary Evans.
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OpinionMaking data count – how to use the IDWG cost code
From the blog: Following nine months of detailed work by the members of the Financial Conduct Authority’s Institutional Disclosure Working Group, new cost data templates will, for the first time, provide an industry-agreed, consistent approach to collecting this important information.
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OpinionSelf-driving pensions are worth our consideration
Artificial intelligence and other technologies are developing at breakneck speed, and many have pensions applications. It is time to explore the best practice in relation to these emerging technologies, says the Pensions Administration Standards Association’s Girish Menezes.
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Opinion
GDPR - A brave new world for the pensions industry
It is easy to imagine bunkers in remote corners of England, hatches locked, filled with trustees who are desperate not to hear any more about the General Data Protection Regulation.
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OpinionData are key to deliver on LGPS pooling
From the blog: With the April deadline for the individual local authority schemes in England and Wales to begin the process of pooling just gone, the new entities have their work cut out to establish a common framework and consolidate the assets of the constituent schemes.
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OpinionThink long-term when refreshing your scheme’s admin strategy
An administration strategy should look at the long and short-term objectives of the scheme, and without a strategy, schemes are in danger of never achieving any data improvement goals, says Trafalgar House’s Garry Wake.
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OpinionTo improve admin we need solutions, not resolutions
When high-profile cases expose bad practice, we wonder how on earth it has been allowed to happen and, rightly, we resolve to improve it.
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NewsSelect committee: Members let down by response to British Steel
The Pensions Regulator, Financial Conduct Authority and the UK government have all let down former members of the British Steel Pension Scheme, according to a scathing report into the scheme’s restructuring and ensuing transfers scandal.
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OpinionFire, fury and GDPR
From the blog: Hell hath no fury like a lawyer or auditor scorned. The General Data Protection Regulation has unfortunately put the pensions industry in that dangerous position where we have to run a gauntlet, deciding how seriously to take the dire warnings of these two professional communities.
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FeaturesLincolnshire council fund encounters data difficulties
The £2.2bn Lincolnshire County Council Pension Fund has had ‘amber’ reviews over administration and training.
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OpinionSchemes need not fear dashboard compulsion
The dashboard has received a recent boost, with responsibility for the project transferring to the Department for Work and Pensions and the pensions minister stating his enthusiastic commitment.
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NewsBritish Steel saga raises questions on advice market and transfers
News analysis: Steelworker Rich Caddy has regrets about his choice to transfer out of the British Steel Pension 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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Opinion
When money meets religion: Sharia compliant pensions in the UK
Islamic finance is a fascinating and challenging domain. The industry’s assets were valued at $2tn (£1.5tn) globally at the end of 2016, according to S&P Global Ratings.
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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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OpinionWhat happened to the pension technology revolution?
Pensions Expert 20th Anniversary: Improvements in pensions infrastructure will allow services we cannot even imagine at present, says Ben Cocks from Altus Business Systems.