All Pensions Administration Standards Association (PASA) articles – Page 3
-
OpinionThe new normal: should pension firms return to the office?
Four months of remote working and the pensions industry is planning for the new normal. Questions are being asked up and down the corridors of power. When will our employees get back to office? How will we ensure social distancing? What do we do about real estate utilisation when employee density may have to be reduced?
-
NewsPensions administrator suffers ransomware attack
Pension companies have been warned to be on their guard against ransomware attacks, after industry insiders confirmed to Pensions Expert that at least one administrator was subjected to a ransomware attack in the past week.
-
News
Working group issues guidance on GMP equalisation data
On the go: Trustees of defined benefit pension schemes must make considered decisions about whether data they may need for guaranteed minimum pension equalisation is cost-effective to obtain, according to new guidance on the process.
-
FeaturesDoes lockdown shift leave pensions exposed to cyber crime?
Analysis: Covid-19 is not the only invisible threat looming over some of the UK’s most vulnerable citizens.
-
News
PASA to tackle cyber crime and fraud with new working group
On the go: The Pensions Administration Standards Association has created a cyber crime and fraud working group, aimed at creating standards to better protect pension schemes and their members.
-
OpinionPensions technology hampered by underinvestment in data
Technology is part of our day-to-day lives. We shop and bank online, receive our Amazon deliveries by drone, our children are signing up to challenger banks like Monzo via apps and many of us book our travel through our phones and online services. Comparatively, pensions administration remains steadfastly behind the curve.
-
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
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
OpinionAdministration transfers: Do not let one partner step on the other's toes
There is no getting away from the fact that changing third-party administrator is a big deal for trustees of occupational schemes; it is a significant undertaking and introduces a number of risks. However, with the right help it can be an engaging and satisfying undertaking.
-
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.
-
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.
-
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.
-
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.
-
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.