All Pensions Administration Standards Association (PASA) articles – Page 4
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NewsFCA's move to shrink IFA market poses trustee challenges
The Financial Conduct Authority defended its increase to the compensation limit on Wednesday, accepting that the financial advice market was shrinking but reaffirming that it will help protect consumers.
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News
Minister tells schemes to quicken transfer pace with PASA guidelines
Ten weeks should be the maximum time limit for defined benefit transfers, said industry-wide guidelines published on Monday by the Pensions Administration Standards Association.
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News
PPF criticises industry's customer service after weathering tricky year
The Pension Protection Fund has revealed it is investing in technology to improve its customer service, as the lifeboat’s membership swelled in a year of record claims.
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Features
Sony and Michelin source IFAs to support member decision-making
The shadow of the British Steel Pension Scheme saga looms large over trustee decisions on defined benefit transfers, but there are signs lessons have been learned.
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News
Clara Pensions first consolidator to join PASA
On the go: Clara Pensions became the first consolidator to join the Pensions Administration Standards Association on Wednesday, boosting its legitimacy before the announcement of its first client.
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Opinion
Administration transfers: Do not let one partner step on the other’s toes
Chris Tagg and David Pharo of the Pensions and Administration Standards Association outline new guidance for changing third-party administrators, stressing the importance of one partner leading throughout the process.
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News
PASA looks to future of e-administration with scheme survey
The Pensions Administration Standards Association is calling on the pensions industry to open up about the quality of their administration and members' use of technology in a new survey.
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News
PASA looks to future of e-admin with scheme survey
The Pensions Administration Standards Association is calling on pensions managers and scheme trustees to open up about the quality of their administration in a new survey.
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News
Pension provider calls for legal duty to be placed on dashboard operators
An auto-enrolment pension provider is calling on the government for a legal duty to be placed on pensions dashboard operators to put consumer interests first, as a new report warns they could be put at risk without it.
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News
DB providers lag on administration with months-long info delays
Defined benefit pension providers are lagging behind their defined contribution counterparts when it comes to providing information necessary for advising members on matters such as pension freedoms, recent research has shown.
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FeaturesM&S portal launch sees 12,000 DB members sign up
Marks and Spencer has launched a new portal service for its defined benefit scheme members, offering access to pension records on demand and enabling them to complete a wide range of tasks.
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OpinionFive challenges in pensions administration for 2019
The Pensions Administration Standards Association’s Lorraine Harper argues that 2019 could see the administration of pension schemes reach a tipping point from which it could change irrevocably.
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PodcastsPodcast: Next steps for the pensions dashboard project
Podcast: Earlier this month, the Department for Work and Pensions published its long-awaited feasibility report and consultation on how the industry can create online pensions dashboards. What does the industry make of the study? And how much progress is needed to make the project a success? In this episode, Girish Menezes, board director at the Pensions Administration Standards Association, and Anthony Rafferty, managing director of fintech company Origo, discuss compulsion, dashboard governance and data.
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News
How far away is the pensions dashboard from becoming a reality?
A complete and up-and-running pensions dashboard could be years away, according to experts, as implementation and credibility concerns come to the fore.
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OpinionNew guidelines provide carrot and stick on DC administration
From the blog: As a trustee, I welcome with open arms the new DC Administration Governance Guidance issued earlier this summer by the Pension Administration Standards Association.
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OpinionZero-tolerance approach needed to tackle scams
Introducing an authorised list for pension transfers would act as a crucial defence for savers in the fight against fraudsters, argues Tracy Weller, board director at the Pensions Administration Standards Association.
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News
Regulator tells schemes to consider cutting transfer values
The Pensions Regulator asked the trustees of 14 defined benefit schemes to review their transfer processes and consider cutting transfer values for members considering cashing in their benefits.
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OpinionGarbage in, garbage out
Girish Menezes, a board director at the Pensions Administration Standards Association, highlights the need for collaboration between trustees and administrators to ensure a high-quality member experience, while managing costs and delivery expectations.
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Features
Trustees take more active approach towards transfers
Analysis: Since the introduction of freedom and choice in 2015, more and more savers have shown an interest in defined benefit transfers, so what are the main benefits and risks for schemes?
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NewsOmbudsman’s police ruling highlights trustee duty of care
The Pensions Ombudsman has upheld a police officer’s complaint that Northumbria Police transferred his pension to a new scheme without having conducted adequate checks or provided him with sufficient warning about scams.