All Administration articles – Page 24
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Opinion
DB-DC transfer uncertainty compounds schemes' demographic challenge
The fact members are living longer and expectations on how life expectancy will develop in the future have received a lot of coverage from the pensions industry over the past few years. This is not surprising now that a typical 65-year-old is expected to live two years more than was the case 15 years ago.
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Opinion
How to get scheme data up to scratch for a buy-in/buyout
The clear trend within the defined benefit pensions universe is for greater levels of professionalism and lower tolerance for risk.
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News
Analytics providers call for safeguards on member data
Schemes using online data analytics systems to inform investment and risk-management decisions have been urged by system providers to put in place governance procedures to ensure data security.
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News
Isle of Wight hunts admin software to meet reform obligations
Isle of Wight Pension Fund is tendering for pensions administration software as its current infrastructure is set to be decommissioned, in a move expected initially to cost up to £267,000.
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Features
SPPA works to curb admin integration risks
The Scottish Public Pensions Agency has produced a contingency plan to mitigate against administrative risks, as it combines the service provisions for two other emergency service public sector schemes.
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Features
NESPF automates employer data submission to plug gaps
North East Scotland Pension Fund is working towards implementing a fully automated process for employers submitting member data, after narrowly failing to hit all the Pensions Regulator’s targets for common data accuracy.
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Features
NHS scheme moves to improve struggling employer comms
The NHS Pension Scheme will tailor its communication to different employer types to provide them with more support in fulfilling their obligations, after a survey revealed substantial criticism of its approach.
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OpinionEditorial: A fair fight?
The “saver’s Budget” sounded a starting bell in the frankly lethargic DC investment market – which default strategy would win the argument and, more importantly, the flows?
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Opinion
Data security cannot just be a box-ticking exercise
Data security is a common topic for trustees of pension schemes, and the responsibility for maintaining data security in a scheme rests firmly with them.
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Features
SME achieves almost zero opt-outs after enrolling early
Chartered surveyor Dalcour Maclaren has secured a virtually entire take-up of its defined contribution plan since it auto-enrolled its small workforce last year, and now the company is looking to streamline administration of the scheme.
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Opinion
How integrated payrolls can slash admin time
One of the many challenges faced by any pension payroll provider is data exchange with the scheme administrator.
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News
Civil service schemes centralise admin to boost engagement
The civil service pension schemes are moving the administration of their active, deferred and pensioner members to a single system to reduce costs and increase member engagement.
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News
Compliance concerns prompt employers to rethink AE providers
News analysis: Some large employers are considering switching their auto-enrolment provider as their administration needs are not being met, fanning a growing secondary market.
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Features
Essex merges functions after admissions rise
Essex Pension Fund has combined its employer, investment and administration teams into a single structure to deal with an increased number of employers joining the scheme.
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News
Schemes face series of admin hurdles in 2014
2014 preview: Pensions liberation, data and tax are among the major administrative challenges schemes will face next year, industry experts have cautioned.
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News
Two-thirds of employers uneasy over pot-follows-member
News analysis: Around two-thirds of businesses are concerned at the complexity of the automatic transfer regime, while 70 per cent of managers are worried about the broader challenges of auto-enrolment compliance, a survey has found.
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Features
SPPA raising the bar on data precision
The Scottish Public Pensions Agency has initiated a project to benchmark its member data against quality criteria set out by the Pensions Regulator, to find more cost-effective ways of improving data accuracy.
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FeaturesKenwake adopts Skype-style pensions comms
Kenwake Pension Scheme has launched online face-to-face video support to make communication with its members more accessible and convenient.
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FeaturesNuclear fund on course to claw back £1m merger cost
The Nuclear Decommissioning Authority is close to recouping the £1m it spent merging two schemes into the Combined Nuclear Pension Plan in a bid to save on administration and advisory costs.
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Opinion
How to manage your scheme's payment error risk
'Right benefit, to the right individual at the right time' is administration nirvana for pension scheme trustees.