All Pensions Administration Standards Association (PASA) articles
-
OpinionThe opportunities of identity management
Pension Tracing Day this month is the right time to look again at identity management
-
OpinionWhat have we learnt about data requirements for GMP conversion?
When the Lloyds judgment on equalisation of GMP was reached in October 2018, many schemes were initially drawn to GMP conversion.
-
NewsTPR: Why pension administrators are in the regulator’s sight
Policy initiatives including pensions dashboards and value for money, as well as challenges including Covid and cyber leaks, have prompted The Pensions Regulator to change its approach to the regulation of administrators.
-
NewsCyber attack is a risk like any other – so manage it
In March, Capita suffered a cyber breach at the hands of the Black Basta ransomware group. Around 90 organisations, including pension schemes such as the USS and Axa, have reported personal information breaches.
-
NewsPASA releases new guidance on DB data accuracy
The Pensions Administration Standards Association (PASA) has today (14 August 2023) launched new guidance on data accuracy for defined benefit (DB) schemes.
-
NewsWhat pension schemes can do to cope with the capacity crunch
The capacity crunch industry experts have long warned of is now here, but there are still measures pension schemes and administrators can put in place to ease the burden.
-
OpinionThe great pensions dashboard reset
The pensions dashboards project is an ambitious attempt to enable savers to be able to find all of the schemes of which they are a member.
-
NewsPASA urges master trusts to engage with advisers in dashboards dash
On the go: The Pensions Administration Standards Association has urged master trusts to have “further discussions” with qualified advisers to guarantee they are ready for the pensions dashboards launch.
-
NewsProcess non-red-flagged transfers ‘as speedily as possible’
On the go: The Pensions Administration Standards Association has encouraged schemes and administrators to process transfers that do not raise red flags as quickly as possible.
-
NewsPensions dashboards standards need ‘extensive user testing’
Respondents to the pensions dashboards standards consultation have warned that user testing and experience will be required before a full assessment can be provided.
-
NewsPASA encourages additional checks for dashboards ‘value data’
On the go: The Pensions Administration Standards Association has issued guidance on ‘value data’ for pension dashboards, advising providers that this “complex” area of the dashboard programme will require additional backend calculations and preparedness.
-
NewsIndustry slams govt proposal on dashboards lead time
Respondents to the Department for Work and Pensions’ dashboards consultation have argued that the timeline for making the initiative accessible to the public is too short.
-
NewsPASA calls on schemes to get dashboards data ready
On the go: The Pensions Administration Standards Association has issued guidance to help schemes prepare their data for the pensions dashboards, while revealing that many schemes are “not actively managing their data”.
-
NewsSchemes urged to seek GMP advice on past bulk transfers
On the go: Pension schemes that have paid bulk transfer values have been told to seek specific advice on how the Lloyds 2020 guaranteed minimum pension judgment affects those payments.
-
OpinionSchemes can’t afford to continue neglecting data administration
The long-awaited pensions dashboards could play a huge role in solving some of the biggest problems facing the pensions industry today.
-
NewsPASA bolsters cyber attack admin checklist amid crime surge
The Pensions Administration Standards Association has published a new cyber crime checklist, advising administrators to keep up to speed with legislation and assess their vulnerabilities to cyber attacks amid a spike in online criminal activity.
-
NewsTPR in-person visits return after lifting of Covid-19 rules
On the go: The Pensions Regulator has said it is carrying out in-person spot checks on employers in a compliance push that has been enabled by the relaxation of coronavirus restrictions earlier this year.
-
NewsPASA publishes pre-employment guidance to deter fraudsters
On the go: The Pensions Administration Standards Association has published guidance on pre-employment checks for administrators, as it has been made aware of fraud cases undertaken or assisted by employees of these companies.
-
NewsJohnson ignores tax proposal on scam victims
Prime Minister Boris Johnson has failed to acknowledge three letters from a prominent campaigner on pension scams, which propose changes to tax rules over early pension access in a bid to protect scam victims.
-
NewsPASA launches data management controls guidance
On the go: The Pensions Administration Standards Association has launched its new data management controls guidance.