All Trafalgar House articles
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People NewsAppointments: Brightwell, LGA, Aviva, Trafalgar House
The latest hires, promotions and appointments for the week ending 14 March 2025.
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People NewsAppointments: LGA's Donnelly to lead London Pensions Fund Authority
The latest hires, promotions and appointments for the week ending 20 December 2024.
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NewsNFU Mutual pension fund hires Trafalgar House as administrator
On the go: The NFU Mutual Retirement Benefit Scheme, with £1.1bn in defined benefit assets and £206.2m in defined contribution assets, has appointed Trafalgar House to provide administration services, effective from July 1 2021.
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Features
TPR still unhappy with pensions admin at Barnet
The Pensions Regulator has issued a draft improvement notice to the London Borough of Barnet to tackle deficiencies in the pension fund’s administration processes and controls.
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OpinionAvoiding environmental catastrophe is not just about investments
Damning predictions on the impending impact of climate change have led to a renewed focus on environmental concerns across the vast majority of industries. The pensions administration industry, however, has been less affected than most.
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News
Ongoing data problems spark valuation concerns at Barnet
Poor quality pensions data at the London Borough of Barnet Pension Fund have sparked concerns that the scheme’s triennial valuation could be derailed or delayed.
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NewsABF switches platforms for reduced fee and wider range of funds
The trustees of the Associated British Foods defined contribution pension plan have decided to switch to a new investment platform so that members benefit from a wider range of fund choices and a cheaper platform fee.
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OpinionMortality screening: What you need to know
We do not like to talk about death. Even though it is part of an administrator’s daily routine, it is a subject many of us prefer to avoid.
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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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Features
Could co-sourcing be the answer to rising pensions admin woes?
Analysis: Uncertainty is an overused word in the pensions landscape, yet it is particularly appropriate when we speak of administration, which is teetering on the brink of crisis.
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FeaturesBarnet in TPR breach as Capita misses payments
The London Borough of Barnet Council has reported itself to the Pensions Regulator after failing to produce 447 pension benefit statements on time.
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OpinionCash flow management is DB's new admin headache
From the blog: The balance of payments for defined benefit pension schemes has shifted. With estimated active DB members numbering less than 500,000 and more than 5m members in receipt of their pension, most DB schemes have a negative cash flow.
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NewsAviva customers hit by system glitch
Pension provider Aviva has admitted that a number of its customers were unable to access their pension policies on its MyAviva system. The delays have prevented some customers from transferring their pensions.
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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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OpinionWhat the regulator’s corporate plan means for pensions administration
At the start of May the Pensions Regulator published its corporate plan for 2018-2021, outlining some of the key areas of focus that would drive its aim of becoming “clearer, quicker and tougher”.
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Opinion
How would a lack of government support affect dashboard progress?
Analysis: Reactions to speculation that the secretary of state for work and pensions wants to scrap the pensions dashboard project have been unsurprisingly negative.
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News
Dormant pots could cost £1bn in admin charges, research finds
Auto-enrolment is set to create 50m dormant pension pots by 2050, which may cost savers up to £1bn in administration charges, according to Hargreaves Lansdown research.
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Features
Isle of Wight fund tackles 'problematic' data records
The Isle of Wight Pension Fund has implemented an improvement plan in relation to approximately 1,500 records containing “significantly problematic” conditional data, as it grapples with longstanding issues over member information.
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News
Regulator threatens greater discipline over poor admin
The number of public service pension schemes disclosing inadequate processes for monitoring data accuracy and completeness has risen, as the Pensions Regulator pledges to clamp down on those falling below the standards it expects.
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OpinionWhat are trustees' responsibilities when it comes to DB transfers?
Some 100,000 defined benefit transfers took place in the 2017/18 financial year, according to estimates by the Pensions Regulator. This figure marries with the experience of pensions administrators, who have recorded significant increases in transfer activity since pension freedoms were introduced.