All Pensions Administration Standards Association (PASA) articles – Page 5
-
Opinion
When money meets religion: Sharia compliant pensions in the UK
Islamic finance is a fascinating and challenging domain. The industry’s assets were valued at $2tn (£1.5tn) globally at the end of 2016, according to S&P Global Ratings.
-
News
FCA sounds alarm over unsuitable DB transfer advice
Fewer than half of defined benefit transfer advice processes are “suitable”, according to analysis by the Financial Conduct Authority, raising concerns over the lack of communication between introducing companies and transfer specialists.
-
OpinionHow to get your scheme dashboard ready
While it is early days, some trustees, administrators and providers are already starting to consider what it might mean to be ‘dashboard ready’.
-
OpinionAdmin transitions: Avoid the sting in the tail
Changing pension administrator is usually a long time in the making. How long the process takes can vary widely, but it will always be measured in months.
-
OpinionHow have the freedoms changed pensions administration?
We are now two years into freedom and choice in pensions, and it is clear from the frontline of pensions administration that members of defined benefit schemes have taken a great deal of interest in the new flexibilities.
-
News'Patchwork quilt' of solutions threatens drive for transparency
Regulators and consumer groups have been warned against installing a “patchwork quilt” of solutions to increase transparency in asset management, as remedies to hidden charges within funds begin to emerge.
-
Opinion
Value for trustee money?
Editorial: The new defined contribution code that came into force this week is, by and large, being welcomed by the pensions industry, which lauded the focus on legal advice (Sackers), as well as its emphasis on administration (PASA) and security of assets (Working Party on DC Governance).
-
News
New DC code of practice: Greater clarity, but niggles remain
The Pensions Regulator this week published its new defined contribution code of practice, clarifying its position on a number of issues, but experts still had questions about its criteria for assessing value for scheme members.
-
News
DWP launches online tracing site as demand booms
The Department for Work and Pensions has launched a new website for the government's pension tracing service, as the number of people seeking their deferred pots has ballooned over the past decade.
-
OpinionScams: What trustees can do to avoid members becoming victims
Trustees are, in fact, indirect victims of scams, so action to protect members is more often than not action that also helps themselves.
-
News
PASA guidance urges schemes to prioritise GMP
The Pensions Administration Standards Association has issued guidance on guaranteed minimum pension reconciliation to help schemes through the process, as experts predict huge volumes rushing to complete in the coming months.
-
NewsNI police pension payment glitch puts spotlight on admin
A technical error at the Police Service of Northern Ireland pension scheme has caused a delay in the payment of pensions to 12,000 former police officers and dependants.
-
NewsAutumn Statement gives pensions industry a breather
The pensions industry has learned to brace itself for surprise over the last couple of years, so was relieved to escape relatively unscathed in Wednesday’s Autumn Statement.
-
OpinionWhat can be done to strengthen quality signposts among TPAs?
In an industry heavy with internal and external oversight, it is strange that objective quality measurement in third-party administration is hard to pin down.
-
NewsPolice investigation highlights need for internal scheme checks
The protection of scheme assets against internal fraud should be a top priority for administrators and trustees, experts have said, following the arrest of an employee on suspicion of a scheme-related theft.
-
NewsIs your scheme spending enough time on administration?
Any Other Business: Trustees of pension schemes are required to oversee all aspects of scheme administration while navigating the complexities of investment, policy change and benefit design.
-
NewsTreasury to consult on 'excessive' exit charges
The Treasury has today announced it will consult on easing pension transfers and capping the exit fees charged to pension savers looking to take advantage of the new flexibilities.
-
News
DC admin to form heart of engagement efforts, experts say
Leadership of DC summit: Personalised communication and raising engagement levels over time will be a critical part of successful scheme administration in the new defined contribution environment, industry experts have said.
-
News
TPAS: Wave of requests to hit schemes and administrators in April
The Pensions Advisory Service has warned that scheme trustees and administrators risk being overwhelmed in April by members eager to access their savings at the earliest opportunity, having waited a year for the pension freedoms to come into play.
-
OpinionSnowdon: 'unseen army' of non-IFAs could deliver guidance guarantee
Like many, I welcome the guidance guarantee at the point of retirement for members of defined contribution pension schemes.