All Administration articles – Page 15
-
OpinionWhy the time for transformation is now
At a time of disruption in the life and pensions industry, traditional players must embrace transformation to be ready for the future.
-
Features
E-admin hopes dashed by data quality
Data crunch: Pensions administrators and open finance enthusiasts may have one eye on the ‘e-admin’ future of full dashboard compliance, modelling and targeted engagement, but a survey of trustees reveals the perennial roadblock – poor-quality member data.
-
News
Pensions Ombudsman reports Green Coal to TPR
On the go: The Pensions Ombudsman has reported the Green Coal Limited Occupational Pension Scheme to the Pensions Regulator with concerns over the “status of the scheme”, after upholding a complaint against it.
-
News
Titanic shipyard scheme enters PPF assessment
On the go: Harland and Wolff Pension Scheme, the Belfast shipyard that built the Titanic, has entered an assessment period at the Pension Protection Fund after the company went into administration.
-
News
Ombudsman sides with Shell on climate change dispute
The Pensions Ombudsman has sided with the Shell Contributory Pension Fund in the legal challenge regarding the disclosure of climate change information, which has prompted environmental lawyers ClientEarth to request the body to review its internal procedures.
-
News
Civil servants told to complain about pension overpayments
On the go: The Public and Commercial Services Union is advising its members to not comply with a request from the Civil Service Pension Scheme administrator and present a formal complaint if necessary.
-
News
HMRC request for schemes to report breaches branded ‘unsatisfactory’
HM Revenue & Customs' request for pension administrators to remind their members about potential tax breaches has been branded ‘very unsatisfactory’ by a former pensions minister, who said the tax authority was offloading its own responsibilities onto schemes.
-
News
PASA launches guidance for master trust consolidation
On the go: The Pensions Administration Standards Association has launched guidance for master trusts to follow when considering consolidation.
-
Features
Trustees back partial transfers for big pension pots
Data crunch: The number of schemes offering partial defined benefit transfers is increasing, with the option being targeted at members with large transfer values, new data show.
-
News
Actuaries call for legislation on DB schemes simplification
On the go: The Association of Consulting Actuaries is calling for the next government to facilitate the wider simplification of defined benefit schemes, as part of its manifesto for the December general election.
-
Features
Civil service admin issues signal wider malaise
The government is recouping £2.7m in overpayments to civil service pensioners, but experts warn issues with administration, data and technology continue to impact members and businesses across the industry.
-
News
ACA: Widespread indecision over complexity and cost of GMP equalisation
On the go: The complexity and cost of equalising guaranteed minimum pensions is a major concern for many employers, who have yet to decide on how they should respond to the legal requirement to act, according to Association of Consulting Actuaries research.
-
News
PASA president warns over data costs
On the go: The president of the Pensions Administration Standards Association has warned that the poor quality of pension scheme data could frustrate the efforts of pensions dashboards.
-
Features
Can schemes save members from retirement age lottery?
Analysis: Workers risk missing out on optimum retirement savings by not supplying their workplace pension provider with an intended retirement age, experts warn. But in the age of inertia, what can be done?
-
OpinionIt is time for the industry to face up to its data problems
Poor record-keeping has long been the elephant in the room in the pensions sector.
-
News
TPR: 400 schemes fail to review data within three years
On the go: The Pensions Regulator is demanding that four hundred pension schemes review their data urgently within six months as part of a crackdown on poor record-keeping, with tough sanctions for non-compliance.
-
News
Now Pensions among four new authorised master trusts
On the go: The Pensions Regulator has authorised a further four master trusts to continue operating in the defined contribution market, including the once embattled provider Now Pensions.
-
News
Schemes urged to start work on progressing GMP equalisation
On the go: The GMP Equalisation Working Group has urged schemes to start work on progressing guaranteed minimum pensions equalisation and rectification.
-
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.
-
FeaturesUS industrial giant completes sectionalised merger of UK schemes
US conglomerate Honeywell has gone ahead with proposals to merge three of its UK defined benefit schemes on a sectionalised basis, in a bid to lower costs and streamline governance.